E&Y said the move was taken to streamline the executive team.
It means James Turley, chairman will also assume the role of chief executive. But the move comes just 16 months after Bobrow took on the job and less than a year since E&Y’s finances were revealed in his divorce case.
Jan Bobrow was awarded $15m (£9m) last year after an Indianapolis court delved into E&Y’s figures to establish her husband’s worth.
The judge estimated Bobrow’s net worth at $24.5m and predicted that his total income would be $36m to $54m a year as chief executive.
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A new partner, Dermot Callinan, has joined Saffery Champness from KPMG where he was recently the head of the UK private client advisory team