PracticeAccounting FirmsE&Y pips rivals for Andersen in the Big Apple

E&Y pips rivals for Andersen in the Big Apple

Ernst & Young has today (Wednesday) pulled off a coup after clinching a deal to acquire splintering firm Andersen's office in New York, the World's financial centre.

The deal will see some 300 professionals, including 40 partners, join Ernst & Young immediately.

Approximately two-thirds of the staff will be assigned to business risk services, real estate, transaction support and advertising industry practices in the New York office, while the remaining third will join E&Y’s financial services business.

Terms of the transaction were not disclosed.

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