Revenues in EY's UK & Ireland fraud investigation and dispute services division expected to hit £100m
EY has appointed five new partners to its UK & Ireland fraud investigation and dispute services (FIDS) team as record growth is expected to see revenues hit the £100m mark this year.
The practice has seen an annual growth rate of around 20% each year for the last five financial years and posted revenues in excess of £77m in 2015 and the firm is continuing to invest in the business to support its future growth, EY said.
David Higginson and Trevor Horwitz will be working with businesses to tackle all forms of financial crime in addition to advising companies that are faced with regulatory investigations and enquiries related to economic sanctions, money laundering and financial misstatements. Horwitz will have a particular focus on using technology, data and analytics to uncover financial crime.
Eoin O’Reilly has been appointed to head up the data analytics function in Ireland and Melissa Myatt and Richard Abbey have been appointed to lead teams specialising in responding to complex corporate fraud and bribery cases as well as regulatory breaches across multiple jurisdictions.
Abbey joins the firm from Stroz Friedberg, a global investigations firm, where he led the forensic accounting practice. Prior to this he was the global head of investigations and disputes at risk consultancy firm, Kroll. David, Trevor and Melissa have been promoted within their respective areas.
John Smart, head of EY’s UK fraud investigation and dispute services team comments: “We have added five really talented and experienced individuals to the partnership, and they strengthen our strategy of integrating technology and analytics into our investigations and regulatory compliance work.
EY’s FIDS team helps businesses tackle fraud, bribery, money laundering, sanctions, disputes and complex financial matters across the private and public sector.