Singapore-based Jan Bellens new EY Banking & Capital Markets head

25 July 2019 3 min. read
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Singapore-based former EY Asia-Pacific Banking & Capital Markets head Jan Bellens has been promoted to lead the segment globally. The firm meanwhile has added nearly 200 new partners in the Asia Pacific, amid 733 globally.

Professional services firm Ernst & Young has named Singapore-based executive Jan Bellens as its new Global Banking & Capital Markets (BCM) Leader, with Bellens stepping up from the deputy role he assumed in 2018. Prior, Bellens led the segment in the Asia Pacific and for Emerging Markets for over four years, before which he spent seventeen and a half years as a management consultant with McKinsey & Company in Asia and Europe.

An INSEAD MBA graduate (and bachelor’s holder in economics from the University of Antwerp) Bellens as a senior partner was a leader in McKinsey’s Global Retail Banking Practice, supporting leading Asian banks in multi-year business transformations. Joining EY’s Singapore office in 2013, he will now oversee all aspects of the global firm’s Banking & Capital Markets strategy.

“We have seen an immense transformation across banking and capital markets in recent years,” Bellens said. “I look forward to bringing new perspectives to the EY Global Banking & Capital Markets team to help provide differentiating solutions to clients. With new technologies rapidly developing and scaling – artificial intelligence, in particular – it is imperative we provide clients with the trusted and responsible innovative solutions to succeed in the ever-changing environment.”

Jan Bellen - Global Banking & Capital Markets (BCM) Leader

Bellens was promoted alongside Isabelle Santenac as the firm’s new EY Global Insurance Leader. “We’re extremely pleased to have Jan and Isabelle join the EY Global Financial Services Industry Market leadership team to help clients be at the forefront of transformation,” said Shaun Crawford, EY Global Vice Chair for Industry. “Jan’s continued leadership coupled with Isabelle’s deep experience underscore the commitment to providing the most impactful and innovative solutions for clients.”

Meanwhile, EY has admitted 194 new partners in the Asia Pacific amid 733 promotions worldwide, with 45 of the new APAC regional partners stationed in Southeast Asia and 38 percent of those in turn being women – above the 30 percent ratio of new female partners worldwide. The Asia Pacific accounted for just over one quarter of the new partners, while one third were classified as from emerging markets.

The firm’s Asia Pacific region is the firm’s hottest market, booking annual compound growth of 10.2 percent over the past five years. Meanwhile, as a breakdown by sector, globally one third of the new partners operate within EY’s Assurance service line, followed by around a quarter in each its Tax and Advisory divisions and 15 percent from Transaction Advisory Services – the firm’s fastest growing line last year, up 13.9 percent.

“Congratulations to all the new partners around the world on this exceptional career milestone,” said EY’s recently inaugurated Global Chairman and CEO said Carmine Di Sibio. “The growth and success of our organisation are made possible by the contributions of this diverse group of leaders who represent our values, lead high-performing teams and help EY clients navigate disruption every day.”