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  • News - Jeff Wong, former eBay executive, named EY Global Chief Innovation Officer - EY - Global
    Business Network Japan Business Services Careers Students The EY difference Your role here Your development Life at EY Joining EY Global Delivery Network Experienced Advisory Assurance Tax Transactions Industries The EY difference Your development Life at EY Joining EY Global Delivery Network Alumni Home Newsroom Jeff Wong former eBay executive named EY Global Chief Innovation Officer Jeff Wong former eBay executive named EY Global Chief Innovation Officer New York 23 July 2015 Newsroom News releases PR contacts PR activities Analyst relations Fact and figures Share Industry around the world is being dramatically disrupted by innovation megatrends and the rapid rise of unforeseen technologies Today EY announces the appointment of top Silicon Valley executive Jeff Wong to lead its newly formed Global Innovation Team Wong s appointment positions EY to better serve its clients at this critical time when innovation has become a necessity for businesses to adapt and spur new ways of thinking in the face of this disruptive change Wong will lead EY s newly formed Global Innovation Team Wong joins EY from eBay where he led the organization s Business Incubation Group In his new role at EY Wong will lead a global team that will provide the visibility needed to forecast the technologies and trends on the horizon This insight will help EY and its clients move faster and dive deeper into local ecosystems to identify the latest concepts and practices that can be leveraged on a global level The team will also work to develop new technologies strategies and solutions that will strongly position EY in the market with its clients Mark Weinberger Global CEO and Chairman of EY says I am excited to have Jeff Wong on board to start up and lead EY s innovation team Jeff will take his experience and insights to challenge everything from the way we do business internally to the way we innovate with our clients Jeff will ensure EY brings an innovative mindset to our work every day and help enhance the lasting legacies of our clients Wong is a seasoned executive with deep experience across strategy investing and building new ventures globally He began his career with the Boston Consulting Group and worked at JAFCO America Ventures in addition to J P Morgan Partners Wong spent the last 10 years at eBay where he was on the Marketplaces Strategy team He was the founder and senior director of eBay s Business Incubation Group which was responsible for building new startups for eBay Marketplaces Wong has launched and built new businesses across a variety of concepts including local commerce B2B exchanges services mobile and big data Carmine Di Sibio Global Managing Partner Client Service at EY says EY is making a bold statement with Jeff s appointment He brings greater connectivity and new ways of thinking to the organization and will help drive greater results to EY and our clients We have a long history of investing in innovation and won t stand still Jeff s vision for

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/News-jeff-wong-former-eBay-executive-named-EY-global-chief-innovation-officer (2016-02-10)
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  • News - EY - announces the appointment of Miguel Zweig as Global Mining and Metals leader - EY - Global
    and Controversy Transaction Tax VAT GST and Other Sales Taxes Transfer Pricing and Operating Model Effectiveness Strategic Growth Markets How we help Entrepreneurship EY SGM Initial public offering Venture capital Family business services Transactions About Transaction Advisory Services Corporate Development Divestiture Advisory Services Lead Advisory Operational Transaction Services Restructuring Strategy Services Transaction Support Transaction Tax Valuation Business Modelling Specialty Services Climate Change and Sustainability Services CertifyPoint China Overseas Investment Network Family Business Services French Business Network Global Business Network Japan Business Services Careers Students The EY difference Your role here Your development Life at EY Joining EY Global Delivery Network Experienced Advisory Assurance Tax Transactions Industries The EY difference Your development Life at EY Joining EY Global Delivery Network Alumni Home Newsroom EY announces the appointment of Miguel Zweig as Global Mining Metals Sector Leader EY announces the appointment of Miguel Zweig as Global Mining Metals Sector Leader London 22 July 2015 Newsroom News releases PR contacts PR activities Analyst relations Fact and figures Share EY today announced the appointment of Miguel Zweig as EY Global Mining Metals Sector Leader succeeding Mike Elliott Zweig comes to EY after recently serving as Accenture s Global Industry Managing Director for Chemicals and Natural Resources He brings more than 30 years of resources industry experience leading teams undertaking a broad range of strategy change and transformation programs Argentina born Zweig is based in EY s Sao Paulo Brazil office He leads a team of 2 300 EY mining and metals sector focused assurance tax transaction and advisory professionals across 88 countries Alison Kay EY Global Vice Chair Industry says I am delighted to announce Miguel s appointment to lead our Global Mining Metals Sector team Miguel brings strong leadership skills to the role and our clients will benefit from his extensive experience in

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/News-EY-announces-appointment-of-miguel-zweig-as-global-mining-metals-leader (2016-02-10)
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  • News - EY appoints Rohan Sachdev Global Insurance Emerging Markets Leader - EY - Global
    help Entrepreneurship EY SGM Initial public offering Venture capital Family business services Transactions About Transaction Advisory Services Corporate Development Divestiture Advisory Services Lead Advisory Operational Transaction Services Restructuring Strategy Services Transaction Support Transaction Tax Valuation Business Modelling Specialty Services Climate Change and Sustainability Services CertifyPoint China Overseas Investment Network Family Business Services French Business Network Global Business Network Japan Business Services Careers Students The EY difference Your role here Your development Life at EY Joining EY Global Delivery Network Experienced Advisory Assurance Tax Transactions Industries The EY difference Your development Life at EY Joining EY Global Delivery Network Alumni Home Newsroom EY appoints Rohan Sachdev Global Insurance Emerging Markets Leader EY appoints Rohan Sachdev Global Insurance Emerging Markets Leader Mumbai 20 July 2015 Newsroom News releases PR contacts PR activities Analyst relations Fact and figures Share EY has appointed Rohan Sachdev as Global Insurance Emerging Markets Leader where he will oversee the emerging markets strategy for EY s Global Insurance group and help insurers navigate the complexities and opportunities of developing economies Sachdev who is based in Mumbai most recently was EY India s Insurance Sector Leader and the Financial Services Advisory Leader He has 20 years of experience in the insurance industry 10 of which were spent in the United Kingdom He has worked across the life property and casualty and health insurance sectors Shaun Crawford EY Global Insurance Leader says Emerging markets present significant opportunity for insurers to invest and expand their offerings But those opportunities also come with unique challenges and questions that must be answered including how to access those markets how to reach consumers with affordable products and how to invest and operate in new geographies Rohan has a deep understanding of the insurance industry in various emerging and developed markets and brings experience that will help our clients create expand and execute their emerging markets strategies Sachdev says Emerging markets are taking new steps to open their insurance sectors India the world s second most populous country recently passed new legislation that increases the limit of foreign ownership of Indian insurers from 26 to 49 Emerging countries in Asia Pacific and Latin America are introducing new risk and regulatory measures that global insurers will have to meet if they conduct business in those regions In my new role I see changes of this type as a great opportunity for us to work with global insurers to help them expand and strengthen their foothold in emerging markets Sachdev s experience includes organization transformation operating model design process reengineering organization restructuring cost management and risk and compliance transformations He has also been instrumental in establishing several insurance joint ventures in India Sachdev adds Having worked in developed and emerging markets the ever changing dynamic environment in the emerging markets really excites me Emerging markets in general have seen a host of regulatory changes and challenges For example India s recent move to allow foreign investors to increase their stake in Indian insurers has led to a

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/news-ey-appoints-rohan-sachdev-global-insurance-emerging-markets-leader (2016-02-10)
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  • News - EY - Global telecommunications industry sees rise in capital spending as companies try to keep pace with disruptive competitors - EY - Global
    traditional operators return on investment according to EY 36 of survey respondents cite disruptive competitors as their greatest risk Customer experience management top strategic priority for 68 of respondents New approaches to innovation required to keep pace with competition In a new EY survey of the industry 36 of C Suite respondents cited disruptive competition as the leading challenge facing them today This comes at a time when OTTs companies that provide apps or services over the internet in a way that bypasses traditional distribution models continue to grow their share of value chain revenues and the net neutrality debate remains a white hot industry issue Prashant Singhal EY s Global Telecommunications Leader says Telecommunications companies are making bold investments to satisfy customer demands and gain a foothold in new arenas from TV and cloud services to machine to machine offerings But many digital services have a lower margin than traditional services and as a result we re seeing return on capital fall in many regions And while profits remain under constant pressure OTTs show no signs of slowing down They re continuing to innovate across countless digital domains Ovum research highlights just how the industry is evolving Over one third of global connections are expected to move to 4G by 2020 That s a threefold increase over the current 10 of data users Machine to machine and Internet of Things is also set to grow from 2 3 of overall revenues to over 7 of revenues by 2020 OTTs are also diversifying their own service propositions heightening competition around both legacy and new services and already own 10 of industry value chain revenues These advances are adding to operator fears of losing out on more customer ownership Customer experience management is the top priority for 68 of operators and 82 view it as a top three consideration over their organizations over the next three years Adrian Baschnonga EY s Global Telecommunications Lead Analyst says Customer experience is at the heart of all strategic decision making Companies won t see return on investment however until they understand their customer and value proposition That clarity is essential in a world where customers have a widening set of relationships with both telecommunications companies and digital newcomers Operators must develop selective business models that define their digital growth ambitions and capital spending Meeting digital growth ambitions begins with operators reconsidering how they re innovating for the customer Traditional telecommunications companies must consider opportunities to collaborate with disruptive players New ecosystem roles such as technology incubators and digital champions can also help operators unlock cost effective paths to innovation And at the same time attracting and retaining talent to foster innovative ideas from within is crucial Singhal says More than one third of operators see digital accounting for more than 20 of their revenues by 2020 as new services redefine demand scenarios blur the lines between product categories even further and have all players seeking a greater share of wallet And while operator strategies

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/News-EY-global-telecommunications-industry-sees-rise-in-capital-spending (2016-02-10)
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  • News - EY - Despite risks, consumer products and retail leads in job creation in Africa - EY - Global
    remains highly competitive and most developed economies continue to struggle to achieve growth Africa offers an exciting opportunity for investment and growth with 24 economies forecast to grow at a rate faster than 5 through to 2030 Consumer facing businesses in particular are enjoying increased FDI due to ongoing diversification of economic activity and a growing middle class making CPR one of the three largest sectors for investor activity According to EY s Attractiveness survey Africa 2015 Making choices CPR represented 14 1 of all FDI projects in the region in 2014 and created nearly twice as many jobs as in 2013 with the average CPR project now creating 576 jobs 237 in 2013 Derek Engelbrecht EY s Africa Consumer Products and Retail Leader says Sustained growth rates improving business conditions and a rising consumer class are driving increased levels of investment in Africa With its share of global capital investment reaching an all time high the region presents consumer products and retail companies with significant growth opportunities But while the upward trajectory in job creation and investment in Africa is impressive the complexity of fragmented markets and a diverse consumer base present a real challenge to investors Agribusiness holds great potential for early entrants Most of the world s remaining arable land resides in Africa and large multinationals are increasingly looking to invest The producing potential combined with advanced farming techniques to increase yield is significant while population growth positions Africa as a prospective global leader in the sector Indeed 32 of respondents to EY s Attractiveness survey Africa 2015 Making choices stated that they expect agriculture to drive growth in Africa over the next two years While huge cultural variations and trade barriers make for a challenging landscape on the continent there is great potential for early entrants to dominate and capitalize on the shift from subsistence farming to industrialized economies of scale However timing will be critical to success Rob Dongoski EY s Global Agribusiness Leader says Crop variety use of precision agriculture and other advanced farming techniques together with the availability of land all enhance Africa s prospect as a key grower and producer However this potential does not completely overshadow the risks and complexities to execute effectively Fragmented markets bring both risks and latent potential Capturing Africa s potential for profitability remains extremely challenging Amounting to more than a quarter of all independent countries globally Africa is a complex environment in which to do business Many markets in the region are fragmented and immature and the opportunities and risks vary widely pursuant to different regulations and stakeholders Notably traditional trade channels such as open air markets still represent 80 of retail across the continent and will continue to dominate for some time The report sets out five key steps companies should consider when traversing this landscape and seeking to capitalize on the opportunities Develop a clear business purpose incorporating core capabilities and strategies on how to build competitive advantage Make informed choices about which markets

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/news-ey-despite-risks-consumer-products-and-retail-leads-in-job-creation-in-africa-and-is-among-the-leading-sectors-for-investment (2016-02-10)
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  • News - EY - Study shows cfo-cmos collaboration is increasing, but barriers remain - EY - Global
    collaborative in the last three years in many organizations it is not happening quickly enough to adapt to a digital world according to an EY global survey of 652 CFOs and a series of in depth interviews with CFOs and CMOs The findings of the fourth instalment of the Partnering for performance series indicate that a lack of common processes and continued cultural differences remain significant barriers to the relationship Woody Driggs Global Customer Advisory Leader at EY says CFOs and CMOs have traditionally been distant allies Yet in today s digital economy a strong finance marketing relationship can spell the difference between high growth organizations and those that stagnate or are left behind For organizations to remain relevant and thrive the CMO needs to call into question all aspect of the marketing mix and the CFO meanwhile needs to make the strategic investments that will enable established companies to adapt CFOs and CMOs that can overcome historical barriers and really collaborate on these issues will set their organization apart from their competitors Customer intelligence is key Almost two thirds 61 of CFOs surveyed have made customer segmentation and insight a priority less than half 47 feel they make a significant contribution to this activity The knowledge into an organization s customer base lies at the heart of its profitability and competitive advantage According to the report CFOs should play a critical role in turning data into actionable insight while managing significant data risks Digital governance is significant Half of the CFOs surveyed 51 say digital governance is a high or very high priority The CFO has a vital role to play in building a governance model that enables the organization to make the right investment decisions across the competing interests of different business units functions and geographies Of the CFOs who make digital governance a very high priority over half report EBITDA growth of over 10 over the past three years Julie Teigland EY s Europe Middle East India and Africa EMEIA CFO Program Leader says With a European regulatory framework for data management and privacy on the horizon the need for finance and marketing teams to work together closely has increased If a company misuses customer data they may be subject to financial penalties as high as 2 of annual global turnover as well as reputational and criminal damage The CFO needs to work with the CMO as well as the CIO and other members of the executive management board to ensure there is an adequate governance framework in place to protect customer data and comply with legislation in whichever jurisdictions they operate Working together on marketing ROI Increasing marketing spends in response to changing customer demands and channel proliferation in a digital world must be justified by effective measurement methods While just over half 59 of the CFOs in the survey say measuring ROI from marketing is a priority only 13 say that the agendas of finance and marketing are completely aligned on the issue of measurement

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/news-ey-study-shows-cfo-cmos-collaboration-is-increasing-but-barriers-remain (2016-02-10)
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  • News - EY - Global Innovation Center Madrid - EY - Global
    Network Experienced Advisory Assurance Tax Transactions Industries The EY difference Your development Life at EY Joining EY Global Delivery Network Alumni Home Newsroom EY to build 200 strong data scientist team in Madrid to focus on data in financial services EY to build 200 strong data scientist team in Madrid to focus on data in financial services London 13 July 2015 Newsroom News releases PR contacts PR activities Analyst relations Fact and figures Share EY today opens a Global Innovation Center in Madrid that will focus exclusively in managing and analyzing big data in financial services The investment is a key milestone for EY which is growing its offering in data analytics and data mining and is part of the organization s US 500m global investment in analytics The center is based in Madrid a European hub for data innovation but will serve clients across the globe The Global Innovation Center will launch with 50 data scientists and aims to grow to a 200 strong team in Madrid EY also plans to recruit a further 300 data scientists across Europe Only 7 of financial services firms claim to have enough data analysts Andy Baldwin EY s Managing Partner for Financial Services across EMEIA says Financial services has navigated the post crisis regulatory and economic environment It now needs to deal with major technology and business model disruption driven by the rise of digital and the emergence of FinTech We see significant client need and demand to better understand and manage their customer and business data The challenge is to use the information insightfully to create real value for the customer while also identifying ways in which the business can be managed more effectively and efficiently Doing this well is difficult and will require the industry to develop new and enhance existing data analysis skills and capabilities This is why we have decided to expand our existing dedicated Financial Services team of international data scientists to more than 500 over the next few years as part of our commitment to support our clients in this key new capability area The Center will help financial services firms use the vast volume of data they collect and store to improve their products and customer experience The Center will provide Discovery labs to design and create innovative new ways of managing and monetizing big data and creating pioneering new intellectual property IP An analytics factory to build on the successful IP and provide an analytics service to EY s clients A Business Partnership Program which identifies opportunities for collaboration with industry universities and new startups A learning network that connects the center with a wide range of experienced professionals and startups across the world to share and develop cutting edge new technologies The EY Analytics Academy which when launched will offer a one year educational course in big data and advanced analytics Beatriz Sanz Partner and Data Analytics Leader for EY financial services in EMEIA says The sheer volume of information that financial services

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/News-EY-global-innovation-center-madrid (2016-02-10)
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  • News - EY promotes 753 new partners worldwide - EY - Global
    Pricing and Operating Model Effectiveness Strategic Growth Markets How we help Entrepreneurship EY SGM Initial public offering Venture capital Family business services Transactions About Transaction Advisory Services Corporate Development Divestiture Advisory Services Lead Advisory Operational Transaction Services Restructuring Strategy Services Transaction Support Transaction Tax Valuation Business Modelling Specialty Services Climate Change and Sustainability Services CertifyPoint China Overseas Investment Network Family Business Services French Business Network Global Business Network Japan Business Services Careers Students The EY difference Your role here Your development Life at EY Joining EY Global Delivery Network Experienced Advisory Assurance Tax Transactions Industries The EY difference Your development Life at EY Joining EY Global Delivery Network Alumni Home Newsroom EY promotes 753 new partners worldwide EY promotes 753 new partners worldwide London 1 July 2015 Newsroom News releases PR contacts PR activities Analyst relations Fact and figures Share EY today announced the promotion of 753 of its people to partner its largest increase since 2008 and a 12 increase over 2014 This year EY added a record number of women to its ranks of partners accounting for more than 30 of the promotions and an increase of 33 compared to 2014 Emerging markets were another area of growth representing 33 of the promotions and an increase of 33 over 2014 Increased partner promotions at EY reflect strong growth More than 30 of new partners are female and 33 are in emerging markets Mark Weinberger Global Chairman CEO says Today s large scale promotions reflect the caliber of the people coming through our organization as well as our confidence in our growth and that of our clients I am proud of the diversity in gender and geography of this year s class This is a powerful example of the investment we make to develop local and diverse teams It also speaks to these partners ability to out innovate and outperform I extend my congratulations to our new partners along with their families and applaud their achievements Nancy Altobello EY s Global Vice Chair Talent says EY is a major global employer providing high quality jobs that are backed by extensive training coaching and development Today s new partners are leading examples of this and have achieved this significant distinction for their ability to deliver exceptional client service build our business and develop the highest performing teams We look forward to their continued success at EY The new global partner promotions are as follows Promotions by region FY15 Americas 312 Asia Pacific 143 Europe Middle East India and Africa 267 Japan 31 TOTAL 753 By service line Assurance continued to account for the largest number of partner promotions with 42 315 It was followed by Tax with 24 179 Advisory with 22 167 and Transaction Advisory Services with 10 78 Additionally 2 14 of promotions are within business support Female partner promotions are at an all time high this year at 232 more than 30 representing a 33 increase over 2014 EY also added more female partners in all geographies

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/News-EY-promotes-753-new-partners-worldwide (2016-02-10)
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