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EY | Global news | Page 3

An overview of EY global news:

United States

EY elects Janet Truncale as global chair and CEO EY’s global committee on Wednesday announced they elected Janet Truncale to global chair and chief executive officer, effective July 1, 2024.
20 November 2023
United Kingdom

Janet Truncale selected as next EY global chair and CEO EY has announced the election of Janet Truncale as its next global chair and CEO. Taking office from July 2024, Truncale will succeed current incumbent Carmine Di Sibio.
20 November 2023
Middle East

Three quarters of top 20 banks in MENA have ESG strategies Banks in the Middle East and North Africa (MENA) are increasingly embracing ESG as a key mantra of doing business – but at the same time, they are struggling to put words into action.
13 November 2023
India

Central government spent Rs 450 crore on Big Four consultancy The Big Four accounting and consulting giants secured projects worth nearly Rs 450 crore from the central government between 2017 and 2022, according to analysis of public tender information.
10 November 2023
Australia

Consulting giants EY and PwC axe 570 staff in Australia In a clear sign of the struggling market, professional services firm Ernst & Young is slashing 230 jobs from its Australian headcount, just one day after PwC cut 344 of its own.
10 November 2023
United Kingdom

Premium income growth for UK insurers rises with real wages Premium income for UK insurers has seen strong growth in 2023, as policy prices rise and real wage increases also enable consumers to spend more on insurance.
09 November 2023
United Kingdom

EY names Martina Neary as new UK insurance leader EY has appointed Martina Neary as its UK insurance leader. She joins the UK financial services leadership team to lead across general insurance, life and pensions and specialty insurance.
09 November 2023
United Kingdom

Generative AI to boost productivity in financial services Hype around generative AI and machine learning is continuing to buoy economic sentiment across Europe, with fewer than two-in-five financial services CEOs now expecting a severe downturn in the comin
07 November 2023
Australia

Ex-partner accused of tax misconduct acted in isolation, says EY An axed partner accused of misconduct in relation to a tax avoidance scheme has been labelled a rogue operator by EY chief executive David Larocca, with the firm saying that he acted in isolation.
06 November 2023
Canada

Canadian companies averaged 25 cybersecurity incidents in past year Eighty-one percent of Canadian organizations had at least 25 cybersecurity incidents in the last 12 months, according to EY’s 2023 Cybersecurity Leadership Insights study.
03 November 2023
United Kingdom

UK-listed profit warnings fall year-on-year for first time since 2021 Profit warnings issued by UK-listed companies has fallen year on year, for the first time since 2021.
03 November 2023
Spain

Big Four firms in hot Spanish water after illegal overtime hours Some employees working for Big Four consultancies in Spain have complained of working extended hours, prompting scrutiny and regulatory action.
27 October 2023
Saudi Arabia

Leading consultancies driving knowledge at FII7 conference in Riyadh The Future Investment Initiative Institute (FII7) conference has kicked off today, bringing together over 6,000 delegates including political leaders, ministers, CEOs, business leaders, investors, an
24 October 2023
Canada

Employers underestimate employees' desire to quit, EY says Employers are underestimating their employees’ desire to quit, according to the EY 2023 Work Reimagined Survey.
18 October 2023
Middle East

EY celebrates 100 years in MENA with record results EY has hit two major milestones in the Middle East and Africa region – celebrating 100 years in business and realising its best performance ever.
03 October 2023
United Kingdom

Despite split distractions, EY records best financial year ever Professional services firm EY has weathered its recent internal storm to post record global revenues of almost $50 billion.
03 October 2023
United Kingdom

Santander ditches EY as financial crime consultant Spanish financial giant Santander has received a refund from EY, after a project involving the firm’s financial crime team allegedly went wrong.
03 October 2023
Middle East

EY launches own artificial intelligence platform: EY.ai After 18 months in the making, global consulting firm EY has unveiled its own artificial intelligence (AI) platform on the back of a $1.4 billion investment in the project.
29 September 2023
United Kingdom

Five ways to boost board resilience Six-in-ten board members believe emerging risks aren’t being sufficiently addressed by the firm’s board. To boost resilience in the board room, EY has explained five key points of improvement.
27 September 2023
Australia

EY professionals prepare for charity walk in support of cancer research Hundreds of EY professionals are set to participate in a 21 kilometer harbour walk in Sydney next month to raise funds for cancer research, prevention and support.
25 September 2023
United Kingdom

Consulting industry Big Four sees Great Resignation drag to close A slowdown in attrition at the UK’s top consulting firms is leaving fewer opportunities for new talent to advance.
21 September 2023
United Kingdom

How chartered status helps consultants celebrate and improve their work As the Chartered Management Consultant award continues to go from strength to strength – with half of the Management Consultancies Association’s member firms having now joined the drive to chartered
19 September 2023
United States

EY reports nearly $50 billion in revenue in FY23 EY Global grew revenues 14.2% in local currency (9.3% in US dollars) to reach $49.4 billion in revenue for the financial year ending June 2023.
18 September 2023
Middle East

M&A deal value in MENA edges up to $44 billion in H1 2023 The Middle East’s M&A scene looks back at a mixed first half of the year.
18 September 2023
United Kingdom

EY expands managed services with three partner appointments EY has expanded its managed services practice in the UK with the arrival of three new partners.
13 September 2023
Australia

EY’s Future Friendly wins esteemed team design award A month on from its purchase by EY, product and design consultancy Future Friendly has picked up a Good Design Award.
11 September 2023
United Kingdom

Haleon brings in McKinsey and EY for cost-cutting exercise A year after splitting from GlaxoSmithKline, pharmaceutical firm Haleon has brought in consultants to help cut costs.
08 September 2023
Canada

EY: More than half of Canadians considering electric vehicle purchase More than half (52%) of Canadians are considering purchasing a fully electric, plug-in hybrid, or hybrid vehicle in the next few years, according to EY’s latest mobility consumer index.
29 August 2023
Australia

Strong second half drives record EY revenues for 2023 The Australian branch of professional services firm EY has brought in close to $3 billion in total revenues over its past financial year, driven by a surprisingly strong second half compared to its p
27 August 2023
India

Guardian names EY partner Shiney Prasad as India leader Insurance group Guardian has named Shiney Prasad as Country Head of its Indian organisation. He joins from consulting firm EY, where he was a partner.
26 August 2023
United States

EY rejects TPG's proposal to buy stake in consulting arm EY on Wednesday told its partners it had rejected a proposal from US private equity firm TPG Capital to break up the firm and buy a stake in its consulting business.
18 August 2023
United Kingdom

Financial services CEOs embrace AI in spite of concerns Almost half of financial services firms around the world have already integrated an AI-driven product or service change into their capital allocation process.
16 August 2023

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