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.