Ernst & Young will combine all 87 of itsindividual country practicesin
Western and Eastern Europe, the Middle East, India and Africa into
one business.
The professional services company will work as a single unit
from July, led by a single executive team with a market value of
£5.7bn. The firm will employ more than 60,000 people in total.
Mark Otty, currently the head of our UK practice, has been
nominated to be the area managing partner for Europe, Middle East,
India and Africa, and David Sun and Jim Hassett were confirmed as
Far East co-area managing partners.
"The moves we announced today reflect the increasingly global
nature of our borderless business environment, which is changing
the expectations of both our clients and our people, and which
requires nothing less than a truly global approach from our
organisation," said CEO Jim Turley
"This integration is part of
our long term investment in Asia's rapidly growing markets. By
even more closely integrating these practices, we will further
improve our ability to serve the businesses of the Far East, as
well as those global businesses which are taking an increasingly
active presence in many Far East markets, including China," said
chief operating officer, John Ferraro.