| Ernst & Young to integrate 102 country operations
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| | Ernst & Young’s Global
Executive and Global
Advisory Council have
approved the proposed
integration of all of
its 87 country practices
in Western and Eastern
Europe, the Middle East,
India and Africa into a
new EMEIA Area. The
company confirmed that
more than 700 partners
in the Far East had
supported a similar
integration across 15
countries and
territories.
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| | will vote on the
integration by the end
of May. The new EMEIA
Area will be effective
from 1 July 2008.
The integration of
the Far East Area
creates a US$1.2bn
organisation, with more
than 20,000 people. The
new structure will also
be effective from 1 July
2008.
Mark Otty, currently
the head of the UK
practice, has been
nominated to be the | |
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| | EMEIA area managing
partner, while David Sun
and Jim Hassett were
confirmed as Far East
co-area managing
partners.
Chairman and CEO Jim
Turley said: "Ernst &
Young has for years had
the most comprehensive
and implemented global
integration of its
practices. The
combinations we are
announcing today are
bold and exciting
developments that | |
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| | dramatically further
this integration. We are
setting a new standard
for professional
services. Together with
the integration of the
29 countries of our
Americas practices,
which we announced in
2006, we remain the most
globally integrated
professional services
firm."
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The EMEIA Area will
operate as a single
unit, led by a single
executive team and,
where allowed by laws
and regulations, be
underscored by formal
combinations of
practices. The new area
will be a US$11.2bn
organisation with more
than 60,000 people. The
3,300 partners of EMEIA | |
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