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  • News - EY announces two partner appointments to its Global Immigration - EY - Global
    Global Trade Global Compliance and Reporting Human Capital Private Client Services Law Tax Accounting Tax Performance Advisory Tax Policy 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 two partner appointments to its Global Immigration practice EY announces two partner appointments to its Global Immigration practice London 1 June 2015 Newsroom News releases PR contacts PR activities Analyst relations Fact and figures Share EY today announced the appointment of Anjali Greenwell to EMEIA Immigration Leader and Monica Tull to EMEIA Immigration Operations Leader further bolstering its global Human Capital practice EY s Global Immigration practice is a core part of its Human Capital offering with coverage across 179 countries and comprising more than 1 100 immigration professionals Anjali joins from PWC Legal where she was an Immigration Partner driving global accounts and mobility strategies for multinationals She will lead global immigration teams across EMEIA and deepen EY s financial services sector focus Anjali is also an Officer of the Immigration and Nationality Law Committee of the International Bar Association Monica joins from Accenture where she led end to end global mobility projects as APAC Managing Director for People Mobility Employee Tax and Immigration She will focus on reinforcing EY s global immigration operational model to support clients working in mature and developing markets Both Anjali and Monica will be based in London Dina Pyron EY s Global Human Capital Leader says We are delighted that Anjali and Monica have joined EY Their extensive experience in immigration and mobility will be great assets to our practice Talent is at the heart of our work so we are proud to welcome two leaders in their fields This is an exciting time for our Global Human Capital team as we continue to strengthen our world class global mobility offering 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 our clients and for our communities EY refers to the global organization and may refer

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/News-EY-announces-two-partner-appointments-to-its-global-immigration-practice (2016-02-10)
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  • News - EY - Close to half of global financial services firms expect to pursue mergers and acquisitions in next 12 months - EY - Global
    as a whole where 46 of executives expect to pursue acquisitions in the next 12 months The view of the global economy is one reason for the increased interest in M A as 80 of banking executives feel optimistic compared to 70 six months ago Seventy eight percent also expressed confidence in corporate earnings David Barker EY Transaction Advisory Services Leader for Global Banking Capital Markets says An increase in the number and quality of opportunities and an increased likelihood that deals will close is bolstering confidence Compressed interest rate margins and regulatory capital pressure may result in further industry consolidation and asset sales while the need to keep pace with innovation is fueling acquisition With an upswing in M A activity in 2014 we expect a strong market to continue through 2015 Sixty five percent of banking executives said they will focus M A strategies on cross border deals in their immediate region compared to 15 focusing on domestic deals and 20 on global transactions The United Kingdom India Germany Russia and South Africa are the top investment destinations for banking in 2015 With banks needing to take advantage of new technologies to remain competitive 59 of M A activity will be in the form of innovative investment that could shift the scope of their business such as entering another industry sector Sixty five percent of M A activity across all financial services sectors will be in the form of innovative investment Insurers overwhelmingly look toward global deals Insurance executives are taking a global approach to M A in 2015 with 61 focusing their M A strategy on global deals in 2015 compared to 27 across all financial services sectors Thirty nine percent of insurers intend to pursue acquisitions in the next 12 months either domestically within their immediate region or globally The United Kingdom China Australia the United States and Japan are the top investment destinations for insurers David Lambert EY Transaction Advisory Services Leader for Global Insurance says The current economic environment makes acquisitions an attractive option The anticipation of Solvency II is requiring insurance companies to improve the overall structure of their operations and balance sheets Meanwhile reinsurers face pressure to enhance value for investors leading executives to turn their eyes toward M A Insurers are feeling more optimistic about the global economy with 79 expressing a positive outlook compared to 65 six months ago Seventy percent have confidence in corporate earnings compared to 75 across all financial services sectors With insurers looking to enhance their operational efficiency meet new regulatory requirements and remain competitive 85 of M A activity will be in the form of innovative investment Half of wealth and asset managers expect M A pipeline to increase While 22 of wealth and asset management executives intend to pursue deals in the next 12 months 50 expect their M A pipeline to increase compared to financial services industry averages of 46 and 58 respectively Half of all wealth and asset management executives are focusing

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/news-EY-close-to-half-of-global-financial-services-firms-to-pursue-mergers-and-acquisitions-in-12-months (2016-02-10)
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  • News - EY - Oil and gas needs focused portfolio management to address decade-long decline in return on capital - EY - Global
    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 Oil and gas needs focused portfolio management to address decade long decline in return on capital Oil and gas needs focused portfolio management to address decade long decline in return on capital London 28 May 2015 Newsroom News releases PR contacts PR activities Analyst relations Fact and figures Share Global oil and gas companies must evolve their approach to portfolio management to improve return on capital ROC and remain resilient in today s increasingly challenging market according to EY s Portfolio management in oil and gas building and preserving optionality Top international oil companies return on capital halved over the last 10 years Stakeholder demands push companies to improve portfolio management Improving return on capital depends on flexibility and adaptability The report the third in EY s Oil and gas capital projects series highlights how the average ROC of the top 10 international oil companies IOCs has dropped by 50 in the last 10 years Andy Brogan EY s Global Oil Gas Transaction Advisory Services Leader says Over the last few months we ve seen stakeholders demand even greater capital discipline amidst ongoing oil price volatility and geopolitical concerns Companies have responded by divesting non core assets and postponing riskier and uncertain investments But active portfolio management alone can fail to improve returns More than ever before companies must marry portfolio management with flexible and adaptable operating and financial models Improving ROC depends on the speed at which companies can identify and respond to opportunities and threats Companies that establish a portfolio with built in flexibility or optionality will be better positioned for success Optionality enhances companies ability to manage risks and redeploy resources It also enables companies to reconcile the sector s long term investment horizon with sudden changes in the market Brogan says Moving forward the world is going to be a more volatile and unpredictable place Companies that have optionality can better manage their stakeholder s requirements and deliver better returns The report identifies a variety of approaches to build and preserve optionality given the long term planning cycle inherent to much of the sector s activity It also identifies key leading practices that can be deployed to improve performance in this critical area Brogan says The drop in oil price came quickly and took many in the sector by surprise Companies have turned to portfolio management to withstand this period of uncertainty but it s those who look ahead and embed optionality into their business models that will come out on top There will be winners and losers and the ability to respond quickly to unexpected market changes is crucial Companies can t afford to be caught unprepared in today s competitive marketplace Ends Notes to Editors About EY EY is a global leader in assurance tax transaction and advisory

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/news-EY-oil-and-gas-needs-focused-portfolio-management-to-address-return-on-capital (2016-02-10)
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  • News - EY - Mergers and acquisitions appetite among global automotive companies reaches six-year high - EY - Global
    A in the automotive sector in the next 12 months according to EY s Automotive Global Capital Confidence Barometer The biannual survey gauges the corporate confidence and acquisition intentions of global executives and reveals that automotive companies appetite for M A is at an all time high with 70 of executives expecting to pursue acquisitions in the next 12 months highest since the survey began in 2009 The growing importance of product innovation and access to emerging technologies such as driverless cars and advanced materials are motivating factors behind a significant number of deals within the automotive sector 70 of automotive executives globally expect to pursue acquisitions in the next 12 months with an increased focus on innovative investment for competitive advantage Upper middle market deals see s significant growth by nearly 50 Geopolitical uncertainty and cybersecurity continue to be a primary concern for automotive executives Deals under US 250m continue to dominate executives plans However since the last Barometer in October 2014 the most significant growth has been in upper middle market deals those between US 250m and US 1b in size This category has increased by nearly 50 Mark Short EY s Global Automotive and Transportation Industry Leader Transaction Advisory Services says Anticipation of transactions has never been higher in the automotive sector Acquisitive appetite has increased with cash rich balance sheets combined with easier access to debt financing opportunities The majority of acquisitive companies are now focusing on M A to strengthen their core business with an eye to boosting market share managing costs and improving margin growth The need for new market strategies coupled with increasing the mix of new products and services are key criteria for selecting the most suitable partners for business sustainability Ongoing geopolitical issues from Eastern Europe to the Middle East and cyber attacks are a growing risk to rebounding M A market Half 50 of the respondents are proactively guarding against cyber breaches in their M A processes The vast majority 83 of automotive executives now see the global economy as improving up strongly from a year ago 58 Unlike in 2014 there is broad based confidence across all geographies with multiple engines powering the global economy While significant downside risks remain geopolitical uncertainty fall in commodity prices and volatility in currencies executives are increasingly focused on capturing the potential upsides of global economic growth Mark Short concludes An overwhelmingly positive outlook for the global economy and a continued robust outlook for corporate earnings and other leading market indicators including credit availability should combine to support a healthy M A environment over the next 12 months Other key highlights are 74 of automotive respondents expressed confidence in access to credit a big jump from 48 a year ago 58 of automotive executives say they are maintaining their workforce size Click here to access the Global Capital Confidence Barometer Automotive Ends Notes to Editors About EY EY is a global leader in assurance tax transaction and advisory services The insights and quality

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/news-EY-mergers-acquisitions-appetite-among-global-automotive-companies-reaches-six-year-high (2016-02-10)
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  • News - EY - Western Europe overtakes China and North America as number 1 investment destination with FDI projects - EY - Global
    about the emerging markets and their ability to continue delivering the growth rates achieved over the past decade Lower energy prices a weaker euro and quantitative easing have all added impetus to Europe s investment appeal and resulted in almost 200 thousand new jobs created across the continent which is a very encouraging figure as employment is one of the key drivers of economic growth Country and city ranking Who is winning the European attractiveness race More than half 52 of FDI projects and 30 of jobs created by investments into Europe were captured by the top three destinations the UK Germany and France The UK is still the number one destination in terms of FDI projects and jobs Turkey is a new entrant into the top 10 countries by FDI projects at the ninth position replacing Finland The remaining positions are taken by Spain Belgium Netherlands Poland Russia and Ireland The capability to restore economic growth competitive edge the ability to nurture new age companies and commercialize ideas for changing the lives of millions are a few reasons why European cities attract FDI with London at the number one position followed by Paris and Berlin The top 10 includes three in Germany Berlin Frankfurt and Munich as well as two cities in Spain Barcelona and Madrid Central and Eastern Europe Russia and Turkey account for more than half 52 of Europe s total jobs created by FDI at 96 087 jobs outpacing Western Europe Slovakia is a new entrant into the top 10 countries by FDI jobs creation at the ninth position replacing Serbia The top 10 also include the UK Russia Poland France Germany Romania Spain Turkey and Ireland Key sectors for FDI in Europe An economic recovery a depreciating euro and falling energy prices have all helped revive the appeal of manufacturing in Europe Taken together they underpin a 20 surge in FDI manufacturing projects and jobs Logistics operations also blue collar rose 27 driven by this industrial resurgence and a boom in e commerce Services had a mixed year software projects 27 increase financial intermediation 37 increase and back office operations 15 increase all grow strongly while business services 24 decrease and research and development 1 decrease slide The biggest investors Although European companies account for half 51 of FDI projects into Europe itself and US multinationals a full quarter 25 Chinese companies passed Japanese companies to become the fifth largest FDI investors into Europe in 2014 With 210 projects up by almost 40 from a year ago Chinese investment into Europe shows the effect of the Chinese Government promoting outward investment as a means to acquire technology brands and resources overseas to boost domestic high value manufacturing and services A bumpy road ahead The survey reveals 59 of investors are confident about Europe s prospects in the upcoming three years but only 32 of executives have plans to establish or expand operations in Europe over the next year while 64 do not have any plans

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/news-ey-western-europe-overtakes-china-and-north-america-as-number-1-investment-destination (2016-02-10)
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  • News - World's leading entrepreneurs gather for 15th EY World Entrepreneur Of The Year - EY - Global
    EY World Entrepreneur Of The Year Hall of Fame joining the 572 previous country finalists since the global event started in 2001 The World Entrepreneur Of The Year winner will be announced at a gala ceremony on the evening of Saturday 6 June at Salle Des Étoiles The ripple effect of World Entrepreneur Of The Year winners Maria Pinelli EY s Global Vice Chair of Strategic Growth Markets says In the 15 years since the global event started it has become increasingly influential as we have welcomed more and more countries into the competition World Entrepreneur Of The Year winners now occupy a truly global footprint In its first year there were 19 finalists representing 63 of global GDP There have since been a total of 572 finalists across 73 countries which now represent 90 of global GDP Notably almost half of NASDAQ 100 listed companies are run or were founded by EY Entrepreneur Of The Year winners It truly is a program with reach and impact Entrepreneurs are creating a better world and we are honored to play a part in this transformative force This year s finalists include Lateefa Alwaalan of Yatooq Saudi Arabia Ernesto Antolín Arribas of Grupo Antolín Spain Dr Cyrus S Poonawalla of Serum Institute of India Ltd India Joe Davenport and Owen Kerr of Pepperstone Australia Jüri Raidla of Raidla Lejins Norcous Estonia Rosemary Squire of Ambassador Theatre Group United Kingdom and David Hung of Medivation United States Belarus Croatia Peru and Romania will be represented for the first time This year s finalists are some of the most successful entrepreneurs in the world and together they have Combined revenues of approximately US 38b Average revenues of US 720m Combined revenue growth of 42 in the last three years 2011 14 Average annual revenue growth of 12 334 000 employees combined with job growth of 48 in the last three years 2011 14 A full list of the 65 country winners is available at www ey com weoy The overall winner is chosen by an independent judging panel of distinguished former EY Entrepreneur Of The Year winners and other leading entrepreneurs The award is given on the basis of six criteria giving all country winners an equal opportunity to compete entrepreneurial spirit financial performance strategic direction global or community impact innovation and personal integrity influence The independent judging panel will be chaired by Rebecca MacDonald of Just Energy Group Canada Joining her will be Fadi Ghandour of Aramex and Wamda Capital UAE Nobuyuki Idei of Quantum Leaps Corporation Japan Tan Sri Liew Kee Sin of EcoWorld Development Group Berhad Malaysia Michael Wu of Maxim s Caterers Limited China Dr Ruth Oltjer of Chemi Pharm AS Estonia Ewald Raben of Raben Group Poland Business leaders meet to discuss the global impact of entrepreneurs As well as the awards this year s program includes a series of keynote speeches panel discussions and events of special interest to entrepreneurs and influential business leaders in attendance including EY

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/News-EY-worlds-leading-entrepreneurs-gather-for-15th-ey-world-entrepreneur-of-the-year (2016-02-10)
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  • News - EY - Businesses must augment tax transparency readiness to mitigate increasing reputation risk - EY - Global
    demands Tax reputation risk is high on the C suite agenda with 83 of tax directors regularly briefing the CEO CFO about the subject Companies increasingly looking to have the data available to explain where and how they pay taxes globally Tax transparency is becoming the new norm as the OECD European Commission and national governments demand more data from businesses However many companies do not have systems or resources in place to meet new requirements according to EY s report A new mountain to climb tax reputation risk growing transparency demands and the importance of data readiness The report is the third instalment of the 2014 15 Tax risk and controversy survey series which surveyed 962 tax and finance executives in 27 jurisdictions Reputation risk elevated in the boardroom Amid increasing scrutiny of business tax arrangements by government and other groups companies are more focused than ever on tax risk and controversy with 83 reporting that they regularly brief the CEO or CFO about the issue For many tax professionals normally accustomed to primary focus on meeting legal and regulatory requirements this heightened scrutiny is a new and unfamiliar challenge The global drive for transparency is one key outcome of the debate on what constitutes a fair share of tax and companies now must assume that tax data reported in one country will be available to tax administrators in others particularly given the advent of the OECD s Base Erosion and Profit Shifting BEPS Action 13 1 Notably 94 of the largest companies having an opinion on the matter interviewed think that global disclosure and transparency requirements will continue to grow in the next two years Not surprisingly 71 of all respondents expressing an opinion said that they would need additional resources in order to gather and provide the information required Jay Nibbe EY s Global Vice Chair of Tax says We are at a critical stage as the global tax environment evolves Increasing transparency readiness presents an opportunity not only to comply with new disclosure demands but also to proactively work to mitigate reputation risk Getting prepared will require some additional investment in technology data extraction capabilities and new skills in people resources It also involves increased awareness on how you think about your tax position and how it could be perceived by a wide range of stakeholders Transparency readiness can mitigate reputation risk Greater transparency has the potential to provide benefits to companies including reducing the number of taxpayer authority disputes and helping to foster cooperative compliance relationships But to meet new demands tax professionals may need to change the way they report and track information related to the taxes they pay and most certainly a need to re align their IT systems to make sure that data can be collated quickly and easily The survey sets out the steps companies can take now to enable transparency readiness and thereby also prepare the data that can help them manage reputation risk Closely monitor public interest and regulatory

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/news-ey-businesses-must-augment-tax-transparency-readiness-to-mitigate-increasing-reputation-risk (2016-02-10)
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  • EY news - Economic confidence and financial strength drive media and entertainment deal making to highest levels - EY - Global
    the world s leading media and entertainment M E companies is at its highest point since the global financial crisis This wave of confidence is fueling their deal pipelines and creating an expected record number of mergers and acquisitions according to a recent survey of more than 1 600 senior executives of which 70 were from M E companies in more than 60 countries conducted by EY for the 12th Global Capital Confidence Barometer When asked their perspective on the state of the global economy an overwhelming 77 of executives surveyed said it was improving with 21 indicating it is stable and only 2 that it is declining This is a significantly better outlook from six months ago when only 52 of executives said the global economy was improving 45 that it was stable and 3 that it was declining A vast majority of executives see the global mergers and acquisitions market remaining strong for the remainder of the year with 96 indicating it will either improve or remain stable and only 4 that it will decline Half of all respondents expect to actively pursue acquisitions in the next 12 months compared with less than half of that 23 two years ago Companies have meaningful deal pipelines with 29 indicating they have five or more deals in their pipeline right now and 60 of respondents expect their number of deals to increase during the next 12 months Additionally long term opportunities from ongoing growth resulting from global digital media adoption combined with overwhelming confidence in the economy are driving a significant increase in the number of deals in the pipeline and companies intentions to invest Tom Connolly Global Media Entertainment Transaction Advisory Services Leader at EY says Media and entertainment companies have set their sights on aggressive growth both organically and through mergers and acquisitions Companies are looking for deals that will both complement and enhance their digital capabilities More than 10 billion of deals are projected and the number of executives expecting to make an acquisition during the next year has more than doubled indicating not only confidence in the economy but an enthusiasm for the future The report is a survey of senior executives from large media and entertainment companies around the world that gauges corporate confidence in the economy identifies boardroom trends and provides insight into companies capital agenda Other key findings include Executives remain confident in key economic indicators and the performance of their businesses Eighty two percent are confident in corporate earnings 76 credit availability 76 short term market stability and 44 equity valuations and stock market outlook The greatest economic risks to media and entertainment businesses are political instability 39 volatility in commodities and currencies 27 slowing growth in key emerging markets 13 economic situation in the Eurozone 11 regulatory environment 9 and deflation 1 Despite the high level of confidence in the global economy cost cutting ranked highest 34 when executives were asked to list areas of focus in their boardroom followed by

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/news-ey-economic-confidence-financial-strength-drive-media-entertainment-deals-to-highest-levels (2016-02-10)
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