archive-com.com » COM » E » EY.COM

Total: 2294

Choose link from "Titles, links and description words view":

Or switch to "Titles and links view".
  • News - EY and the International Women's Forum announce call for applications for elite female athletes - EY - Global
    Network has been building a bridge between women in the business world and female athletes guiding them through their transition and helping create and visualize new opportunities for highly successful and ambitious women athletes from around the world According to EY research Making the connection women sport and leadership a background in sport can help accelerate a woman s career Close to three quarters of women 74 believe that a background in sport can help a woman s leadership and career potential The report also notes that ninety four per cent of women executives surveyed had a background in sport More than half of women in the C suite 52 played at the collegial level Nearly seven in ten women 70 had participated in sports as a working adult and 70 are more likely to hire a candidate with a background in sport These figures confirm that participation in sport helps with career advancement Beth Brooke Marciniak EY s Global Vice Chair Public Policy says Elite female athletes develop tremendous leadership skills through their sport Because of this EY created a forum for elite female athletes to develop and expand their unique skills and translate them into their full business potential As the Women Athletes Business Networks inaugural class is underway we look forward to receiving the new round of applications and in turn helping more future women leaders reach their goals Marilyn Johnson CEO International Women s Forum says The International Women s Forum is proud to once again partner with EY to advance our shared commitment in building strong women leaders Through this partnership IWF and its 6 000 global members will be able to guide and nurture the next generation of rising women We have seen determination and exceptional professional growth within the first WABN cohort and the IWF membership is eager to continue the trajectory for these professionals Together we are changing the face of global leadership The selection process looks at the individual s potential to become an impactful leader after having reached a pinnacle in their athletic career In the 2015 inaugural year of the program mentees have been connecting with their mentors as well as with an EY liaison that has been providing access and introductions to EY s internal and external global business networks This structure will also apply to those chosen in the 2016 cohort By helping athletes understand how they can translate their unique skills gained through sport into impactful positions outside of sport IWF mentors have been helping pave the way for these inspiring women into influential future leaders Mentor and mentee pairing include Janice McDonald President of This Space Works and named one of Canada s 100 Most Powerful Women who has been mentoring entrepreneur Barbara Mervin founder of Rugby Apparel and World Cup silver medalist in rugby Mervin says I feel incredibly privileged and honored to have been paired with Janice McDonald She is a successful business tycoon that has the warmth of a loving sister Her

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/news-ey-and-the-international-womens-forum-announce-call-for-applications-for-elite-female-athletes (2016-02-10)
    Open archived version from archive

  • News - EY shines spotlight on Indonesia's growing health care sector through its ripe investment opportunities - EY - Global
    care sector through its ripe investment opportunities EY shines spotlight on Indonesia s growing health care sector through its ripe investment opportunities Jakarta 29 June 2015 Newsroom News releases PR contacts PR activities Analyst relations Fact and figures Share Investors in Indonesia s growing healthcare sector can make good returns and improve the lives of millions an EY report finds Indonesia s 2014 introduction and implementation of JKN the country s universal health coverage UHC program is set to provide significant foreign investment opportunities EY outlines the benefits of these opportunities in its new report Ripe for investment the Indonesian healthcare industry post introduction of universal health coverage The study draws on the insights of local sector players including providers and hospitals and EY s own market analysis The findings of the report were the focus of discussion at a recent press conference hosted by EY at The Financial Jakarta on 25 June 2015 The event conducted by Thomas Wirtz Partner Transaction Advisory Services EY Indonesia featured Dr Trisa Wahjuni Putri Acting Head of Centre of Financing and Health Insurance General Secretariat of Ministry of Health Dr Grace Frelita Managing Director Siloam Group Hospitals Joyce V Handajani Chief Financial Officer Mitra Keluarga Hospitals Group and Sahala Situmorang Lead Advisory Partner EY Indonesia who were invited to discuss the latest development of the implementation of UHC in Indonesia and the challenges and opportunities of investment in the nation s health care sector The recent introduction of UHC as well as the push towards integration in the ASEAN Economic Community AEC offer exciting possibilities for partnerships and investments in the country s health care sector at the early stage of its growth curve as well as opportunities for investors to achieve both healthy capital returns and play a positive role in the nation s future said Wirtz commenting at the event However there are important considerations to be made before entering the Indonesian market For example foreigners are restricted from owning general or maternity hospitals One of the major obstacles to creating a quality health care system for the whole country is the severe lack of qualified specialists and nurses especially in rural areas The Indonesian Government has not yet enabled the development of qualified medical personnel specialists general physicians and nurses and instead introduced new non tariff barriers to protect the monopoly of local doctors Foreign doctors are also prevented from practicing in Indonesia until the end of 2015 Several hospital operators interviewed by EY Indonesia concurred that the shortage of qualified personnel is a huge problem especially in high skill fields such as radiology Some hope that the ASEAN Economic Community will eventually open Indonesia up for foreign doctors but this will probably take another few years Yet challenges are ripe for conversion into opportunities for the right players Foreign investors with industry expertise can make a difference especially in partnerships with local players to help grow a severely underdeveloped sector as well as realize healthy gains Wirtz said that

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/News-EY-shines-spotlight-on-indonesias-growing-health-care-sector (2016-02-10)
    Open archived version from archive

  • News - BNP Paribas Securities Services choses EY's Global Fund Distribution offering - EY - Global
    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 BNP Paribas Securities Services choses EY s Global Fund Distribution offering BNP Paribas Securities Services choses EY s Global Fund Distribution offering London 29 June 2015 Newsroom News releases PR contacts PR activities Analyst relations Fact and figures Share EY today announces that BNP Paribas Securities Services has chosen the EY Global Fund Distribution offering EY GFD to enhance its cross border fund distribution support for global asset managers As part of this new service BNP Paribas Securities Services clients will now benefit from EY GFD which grants them access to a broad range of information on the markets in which they want to distribute their funds Jean Devambez head of asset and fund solutions at BNP Paribas Securities Services says We want to help our clients determine which product to distribute in which jurisdiction to which category of investors and through which distribution channels This partnership will help us do that giving our clients access to a wealth of information at the click of a button Laurent Denayer Partner in EMEIA Financial Services at EY says The strength of our offering EY GFD is its potential to help asset managers better understand the markets where they are not currently present and use that information to take decisions around their distribution strategy We have developed a tool that can give named competitive intelligence per market and per fund type EY GFD is a set of services developed to help asset managers with the cross border distribution and registration of their UCITS Alternative Investment Funds and other Collective Investment Schemes For example EY GFD Interactive Market Analytics offers users access to monthly refreshed quantitative market data based on fund flows assets under management and share classes with extended tables and charts generation functionalities It also offers market and regulatory intelligence on the main distribution markets EY GFD covers all key distribution markets in Europe Asia Latin America Africa and the Middle East and is based on Morningstar data The tool will be available to BNP Paribas Securities Services clients on a global basis from 1 July 2015 Ends Notes to Editors About EY EY is a global leader in assurance tax transaction and advisory services The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over We develop outstanding leaders who team to deliver on our promises to all of our stakeholders In so doing we play a critical role in building a better working world for our people for

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/news-ey-bnp-paribas-securities-services-choses-ey-global-fund-distribution-offering (2016-02-10)
    Open archived version from archive

  • News - EY - Global leaders meet at Global Sustainability Summit - EY - Global
    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 Global leaders from business academia and politics meet at Global Sustainability Summit Global leaders from business academia and politics meet at Global Sustainability Summit Madrid 29 June 2015 Newsroom News releases PR contacts PR activities Analyst relations Fact and figures Share Global policymakers business leaders and academics will convene this week at the fourth Global Sustainability Summit being held in Madrid between 1 2 July Hosted by EY and the Ibero American General Secretariat SEGIB the Summit will discuss how in today s economy value creation is driven not just by a focus on financial capital but also by the need to drive change that is good for society and communities as well as being good for business and the economy Boundaries between sustainability considerations and mainstream business decisions are eroding The Summit will bring together thought leaders from business and the public sector to exchange ideas about key areas of concern for today and the future Discussion will focus on how the most successful and progressive businesses are innovating to address the most pressing problems we face and the role that business investors government and the third sector need to play in order to see transformational change that drives sustained and sustainable value globally Juan Costa Climent Global Leader for Climate Change and Sustainability Services at EY says In today s business environment a company s current and future success is based on the ability to assess the economic social and environmental impact of its activities at a local and global level The financial value of the firm has become more than about the balance sheet The emphasis is now on how to build a better working world that consumers investors and the wider public relate to and engage with The Summit will place special emphasis on what can be done to drive truly transformative change Rebeca Grynspan Ibero American Secretary General says Companies are part of the equation to deliver sustainable solutions for development and progress We need to scale up public private partnerships to create fertile ground for economic social and environmental sustainability To follow the conference on Twitter EY Sustainable EYSustainability ends Notes to Editors About EY EY is a global leader in assurance tax transaction and advisory services The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over We develop

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/news-ey-global-leaders-from-business-academia-politics-meet-at-global-sustainability-summit (2016-02-10)
    Open archived version from archive

  • News - EY - Future growth becomes the top business risk for mining and metals companies - EY - Global
    The switch to growth is looming and assets are now still relatively cheap Given the long lead time to develop new supply decisions to invest for future growth have to be made now or long term returns will be lowered Productivity and access to capital both maintained a top three ranking on the risk list at number two and three respectively each down one spot from last year New entrants to the top 10 risk list include cybersecurity and innovation Top 10 risks 2015 2008 peak of the super cycle 01 Switch to growth 01 Skills shortage 02 Productivity improvement 02 Industry consolidation 03 Access to capital 03 Infrastructure access 04 Resource nationalism 04 Social license to operate 05 Social license to operate 05 Climate change 06 Price and currency volatility 06 Rising costs 07 Capital projects 07 Pipeline shrinkage 08 Access to energy 08 Resource nationalism 09 Cybersecurity 09 Access to energy 10 Innovation 10 Increased regulation Productivity remains a focus for CEOs During the mining super cycle productivity in the sector fell to its lowest rate in 30 years While most miners moved from outright cost cutting to productivity improvement measures in 2014 the need for sustainable enduring productivity improvements is a two to three year transformation Boards and CEOs recognize that regaining lost productivity is critical for long term return on capital employed there is still a long way to go in cementing productivity measures in most mining operations says Elliott While number two in our ranking productivity will remain the top operational focus of CEOs throughout 2015 2016 Access to capital Capital raised by the mining industry fell 15 year on year in 2014 in part a reflection of the lower appetite for spending by producers but also a reflection of the challenging market conditions Most of the debt raised in 2014 went into refinancing with very little new debt or equity going into the sector Producers are focused on restoring stretched balance sheets and improving profitability through asset sales and capex reductions distressed mid tiers are restructuring debt and juniors are struggling to access the equity needed to sustain their activities says Elliott Equity raised by junior minors has fallen year on year since 2012 with more than half of the issues by junior companies in 2014 raising less than US 1m and about a third of those companies returning to the market more than once to raise additional funds some as many as 6 8 times Elliott says Leverage remains a key concern for juniors particularly in the iron ore and coal sectors with little prospect of near term turnaround for smaller higher cost producers and a cumulative US 14b of debt maturing in the next three years in the relatively small US high yield sector alone Conditions are arguably ripe in certain sectors of the industry for distressed debt hedge funds looking to take advantage of buy to own opportunities While companies with funding issues often faced limited choices they need to carefully

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/News-EY-future-growth-becomes-the-top-business-risk-for-mining-and-metals-companies (2016-02-10)
    Open archived version from archive

  • News - EY launches Diversity and Inclusiveness microsite - EY - Global
    Transactions Industries The EY difference Your development Life at EY Joining EY Global Delivery Network Alumni Home Newsroom EY launches Diversity Inclusiveness microsite EY launches Diversity Inclusiveness microsite New York 26 June 2015 Newsroom News releases PR contacts PR activities Analyst relations Fact and figures Share Multimedia Diversity Inclusiveness reference tool to support inclusiveness efforts across broader marketplace EY announced the launch of its Diversity Inclusiveness D I microsite ey com differencesmatter a change management tool that was developed to accelerate a cultural evolution within EY globally and share insights with other companies as they initiate their own D I journeys or enhance ongoing efforts Karyn Twaronite EY Global Diversity Inclusiveness Officer says Leaders are seeing that diversity and inclusiveness is the key to unlocking the full potential of their organizations When D I emerged more than two decades ago it was grounded in only doing the right thing Today it is widely recognized as a smart thing to do as well as a key business imperative for organizations that want to stay competitive in a global marketplace According to the Corporate Leadership Council a global membership of senior executives with a shared commitment to steward enterprise wide human resources management organizations that are rated highly for D I ranked 57 higher for collaboration and have 19 higher retention Additionally EY s own research found that EY groups with high employee engagement have better retention stronger revenue growth and higher profitability and that the ability for people to be themselves at work was a key driver of engagement Mark Weinberger EY s Global Chairman and CEO says Diversity Inclusiveness is a key component of EY s growth strategy and championed by the highest levels of firm leadership The only way to be our best is to include our best That means we need to include the whole world not just pieces of it That all starts with diversity and inclusiveness It s the smart thing It s the right thing And it s the only way to succeed in today s global economy The microsite is an outcome of the organisation s strategic D I framework and approach to culture change which has given EY s global leaders a detailed blueprint for building inclusive high performing teams by focusing on both the work environment and individual growth The D I microsite will enable EY s 210 000 people around the world to deepen their understanding of EY s strategic D I framework and have access to the best of the best of thought leadership academic research and videos that speak to the personal and business impact of D I We initially designed this tool to show current and prospective employees how EY will leverage their differences to reach our potential while also giving our people the strategies they need to execute these concepts in their day to day work says Twaronite We are pleased to share our learnings with the broader marketplace so that leaders and HR professionals can maximize

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/news-ey-launches-diversity-and-inclusiveness-microsite (2016-02-10)
    Open archived version from archive

  • News - EY - Global IPO patterns changing as activity moves to private markets and to Asia - EY - Global
    last year As a result NASDAQ is now the third busiest exchange globally and NYSE the fourth while Shenzhen Stock Exchange and Shanghai Stock Exchange are first and second respectively by deal numbers In the first half of 2015 US IPO activity has not matched the pace of 2014 the busiest year since 2000 says Pinelli There is no doubt that the growing appetite for and availability of private financing is having an impact on the flow of IPOs especially in the technology sector as investors look for returns in innovative businesses However the pipeline is refilling across a range of sectors We have seen strong activity in the second half of June and expect this momentum to continue is 2H15 China leads Asian IPO boom With 355 IPOs raising US 48 4b in the first half of 2015 up 66 and 48 on the same period last year Asia Pacific was the most active region by both number of new listings and capital raised A number of countries including Japan Australia Thailand and Malaysia have seen companies raising capital on the public markets but China has been the key driver So far this year there have been 239 IPOs raising US 40 0b on Greater China exchanges an increase of 132 in deal number and 141 by proceeds compared to 1H14 In 2015 Greater China exchanges have accounted for 38 of global IPOs by number of deals and 38 by capital raised with the Shenzhen and Shanghai exchanges ranking first and second in the world in 1H15 by number of deals Strong capital markets and positive market sentiment are driving activity in Greater China and as new regulations open up China s markets we expect the number of IPOs to reach an all time high by the end of the year says Pinelli With Japan also on course to see a record number of new listings in 2015 and momentum building on ASEAN exchanges the breadth of investment opportunities in Asia Pacific is unprecedented Europe drops back due to increased uncertainty Although EMEIA led the world in terms of capital raised in the first quarter figures for the half year were subdued With US 34 7b raised in a total of 165 IPOs the region ranked second globally on both measures but was 29 down by proceeds and 24 down by number of deals compared to 1H14 Europe and in particular the UK has driven this slowdown with proceeds down 32 and 67 and deal numbers down 27 and 51 respectively Despite this EMEIA exchanges hosted four of the global top 10 deals in 1H15 three in 2Q15 while valuations held up Some 99 of IPOs in EMEIA main markets priced within or above expectations and delivered on average a 12 7 first day pop 2 After a slow start to the second quarter the first half of the year has been subdued overall says Pinelli IPOs are likely to come under increasing scrutiny as an exit option as

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/news-ey-global-ipo-patterns-changing-as-activity-moves-to-private-markets-and-asia (2016-02-10)
    Open archived version from archive

  • EY news – higher aggregate costs and new competition have cut investment bank ROE in half over past 10 years - EY - Global
    from US 148b in 2005 to US 185b in 2014 a 25 increase resulting from a more stringent regulatory environment litigation and fines and trading losses due to control failures If costs had remained at 2005 levels 2014 return on equity ROE would have averaged 4 5 percentage points more at 12 3 instead of 7 8 according to EY data on investment bank performance Many banks now are targeting a 10 ROE barely above their cost of equity Achieving 12 to 15 ROE is possible but banks cannot do it on cost reduction or revenue growth alone They must focus on optimizing assets and operations transforming culture becoming client centric and investing in technology to hit an ROE above 12 Steven Lewis Director Global Lead Analyst EY Banking Capital Markets says Investment banks have found themselves in protect and survive mode for the past several years making incremental changes to fix issues around profitability productivity culture controls and trust These piecemeal reforms have done little to rebuild the industry and only a comprehensive transformative approach will help investment banks thrive again A cost and productivity crisis is harming the industry Many institutions have taken initial steps to simplify their business rebalancing their focus across portfolios and exiting non core or poorly performing business lines Further legal entity rationalization of both special purpose vehicles and booking entities can save banks millions each year EY estimates that each legal entity costs a bank up to US 600 000 annually meaning rationalization can yield significant savings and reduce risk and complexity when investment banks are operating hundreds or thousands of entities Existing asset optimization initiatives will gather pace but they are insufficient to improve performance substantially EY has found that even when institutions have delivered risk weighted asset RWA optimization programs further savings of 15 to 20 of RWAs can still be made by improving data models and regulatory and business processes Roy Choudhury EY Americas Capital Markets Operations Leader says To deal with a challenging ROE environment investment banks will need to reassess their customer product and service profitability factoring in a range of market and regulatory constraints Cost optimization in Capital Markets Operations likely will be an area of heightened focus for banks and firms are in the early stages of assessing utility type solutions to improve cost efficiency in securities operations Taken together these changes will help enhance efficiency productivity and profitability Three quarters of banks are not yet using compensation to drive cultural change Weak controls and employee behavior that is unaligned with delivering client and shareholder value have proven costly Banks should identify what drives behavior focusing on employee incentives While 74 of banks globally are focusing on enhancing communications about behavior only 26 are thinking about adapting compensation to reflect softer cultural issues EY analysis shows there is little correlation between staff cost per employee and revenue per employee between fiscal years 2012 and 2014 The report says banks should consider redefining employee behavioral expectations and

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/news-ey-higher-aggregate-costs-and-new-competition-cut-investment-bank-roe-in-half (2016-02-10)
    Open archived version from archive



  •