E&Y partners in strong support of EMEIA merger
E&Y partners have overwhelmingly approved the proposed integration of its practices into a single EMEIA area
Ernst
& Young (E&Y) partners across western and eastern Europe, the Middle
East, India and Africa have overwhelmingly approved the proposed merger of its
country practices into a single EMEIA Area.
Effective from July 1, the new area will be a massive $US11bn (?5.6bn)
organisation with more than 60,000 people and 3300 partners, operating as a
single unit, led by Mark Otty as area managing partner heading one single
executive team.
Jim Turley, chairman and chief executive officer, said he had been ‘greatly
encouraged’ by the level of feedback from many E&Y clients across the globe,
‘our young people and our regulators’. ‘The feedback is that this is a
groundbreaking and positive step both for our own organisation and the
profession as a whole,’ he said.
‘Our clients tell me this move is important because it is going to enable us
to better meet their needs to deliver seamless, consistent high-quality service,
not just across EMEIA, but right across the world.’
Further reading:
KPMG: E&Y faces hurdles when merging 87 units