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  • EY - Ernst Young LLP named a leader in business consulting services - EY - Global
    services Ernst Young LLP named a leader in business consulting services New York 9 July 2014 Newsroom News releases PR contacts PR activities Analyst relations Fact and figures Share EY firm rated high in delivering value creating innovation managing risk and identifying and implementing options for growth Ernst Young LLP announced today that it was recognized as a leader in the IDC MarketScape Americas Business Consulting Services 2014 Vendor Assessment doc 246639 February 2014 According to IDC the firm is seen as most capable of all firms at integrating appropriate analytics into an engagement and at maximizing the value of a project We are honored to be named a leader in business advisory services and to be viewed as among the most capable at delivering value creating innovation and driving innovation through an organization said Bob Patton Americas Advisory Vice Chair for the global Ernst Young organization EY is taking a thoughtful aggressive approach to enhancing our client delivery capabilities through strategic investments enhanced global alignment and the establishment of centers of excellence in regions around specific services EY is considered to be better than many of its peers in the Americas at delivering value creating innovation said Cushing Anderson Vice President Business Consulting Services IDC In addition EY is seen as better than many of its peers at helping clients manage risk identify and implement options for growth expand into new markets or geographies and comply with new or existing regulations EY is also perceived to be better than many of its peers at integrating risk awareness and solutions within other consulting engagements The IDC MarketScape report also noted global EY organization s emphasis on delivering through sectors and its deep investment in sector specific process and risk models to deliver sector specific value propositions EY s 14 global industry centers of excellence including centers for supply chain customer finance transformation risk transformation IT transformation and information security further industry service development According to the report EY is well regarded worldwide by clients for providing excellent services To read the report please go to http www ey com GL en Newsroom Analyst Relations About IDC MarketScape IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of IT telecommunications or industry specific suppliers in a given market The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor s position within a given market IDC MarketScape provides a clear framework in which the product and service offerings capabilities and strategies and current and future market success factors of IT telecommunications or industry specific vendors can be meaningfully compared The framework also provides technology buyers with a transparent foundation to allow companies to independently compare the strengths and weaknesses of current and prospective vendors About EY s Advisory Services Improving business performance while managing risk is an increasingly complex business challenge Whether your focus is on broad business transformation or more

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/news-ernst-young-llp-named-a-leader-in-business-consulting-services (2016-02-10)
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  • EY Actively managed funds and solution-based products expected to drive 9% annual growth in regulated funds over the next five years - EY - Global
    regulated funds across North America Europe select Latin American markets and Asia were interviewed Managers look to actively managed funds and solution based products to drive growth Significantly more managers expect growth to come from increasing their penetration in current markets 54 than from taking their existing products into new markets 22 Whereas managers in Europe are more likely to see geographic expansion as an opportunity managers in North America and Asia are more likely to seek growth from adding distribution channels When asked which products they expect to drive growth managers rank actively managed equity or fixed income funds at the top 59 said actively managed funds had the most potential to drive growth and 90 ranked it in the top three However solutions based products come a close second with 80 of managers ranking it in their top three drivers of growth Matt Forstenhausler EY Americas Regulated Funds Leader says Managers still see growth potential in their existing products but many are looking to solutions based products as additional sources of growth As direct to consumer looms large on the horizon managers are focusing on the competitive advantage that can be gained in their existing markets if they can develop products that play to the expectations of customers and their desired outcomes such as absolute return strategies lifestyle products and guaranteed capital products In today s low interest environment if managers can create and successfully market products that will outperform traditional savings products they stand to gain meaningful market share Retail investors low understanding of investment products to hamper growth Most regulated fund managers are targeting growth from a combination of retail and institutional clients Growth could therefore be hampered by the fact that roughly 60 of managers believe that retail investors have a relatively low awareness and understanding of their products This is particularly true of smaller managers nearly three quarters of whom say retail investors have a relatively low understanding of their products The level of awareness or understanding of investment products by European retail investors lags global levels significantly No European manager was prepared to say that investors had a relatively high understanding of products compared to 55 in North America and 50 in Asia and Latin America Given the importance of retail investors as a customer base this presents a significant challenge for manager s growth aspirations especially for smaller managers who don t have such large marketing budgets says Michael Fergusson EY EMEIA Regulated Funds Leader Sixty three per cent of managers believe that social media will influence product and distribution strategies in five years although managers in Europe and Asia are more bullish about this than those in North America Managers are hoping that social media will help to develop investor knowledge as well as brand and product awareness among the retail investor audience However in markets like Europe the shape of the distribution model means that the ultimate investor relationship is further down the value chain social media may help but

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/news-EY-actively-managed-funds-and-solution-based-products-expected-to-drive-9-annual (2016-02-10)
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  • EY – Business transformation needed to address mining productivity - EY - Global
    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 Business transformation needed to address mining productivity Business transformation needed to address mining productivity Sydney 3 July 2014 Newsroom News releases PR contacts PR activities Analyst relations Fact and figures Share The decade long decline in productivity in the global mining sector will require complete business transformations to reverse according to a new EY report Commenting on the release today of Productivity in mining A case for broad transformation EY Global Mining Metals Advisory Leader Paul Mitchell says early efforts to address the issue have failed and cost reduction programs may have in fact undermined productivity On a volume and cost basis productivity has been declining since 2000 as miners chased production growth during the commodity boom says Mitchell Mitchell says an indication of the scale of the issue is evident in Australian Bureau of Statistics multi factor productivity measure which includes common factors such as labor capital and materials This shows that mining productivity in Australia has declined by about 50 since 2001 Australia is not alone Productivity has declined across the sector globally in both developed and emerging markets The issue has been escalated to the CEO agenda of mining companies globally says Mitchell In the US coal sector labor productivity declined by nearly 30 from 2009 to 2012 while in the South African gold sector labor productivity is estimated to have declined 35 since 2007 Despite massive investment in new equipment and automation capital productivity has also fallen over the last decade In Australia alone capital productivity has declined by 45 since 2000 versus 22 in all industries 1 Mitchell says while many mining companies have achieved significant cost cuts in the past two to three years through conventional means making productivity gains isn t as simple as further cost reduction efforts The supercycle lasted for so long it had the impact of altering the DNA of mining companies to adapt the processes performance measures and culture solely toward growth This transformation has occurred by stealth and the counter transformation will need to be far more radical he says The size of the problem is too large for conventional solutions to work Real productivity gains will only come from a whole of business end to end transformation A narrow focus on point solutions or continuous improvement won t solve the problem and could even be counterproductive Long term change required Mitchell says there is a risk that point solutions may simply move the problem along the supply chain It is critical that all the systems processes interfaces and interlinks are well understood so informed decisions can be made he says Good data is needed to understand what good performance and good productivity looks like Understanding the volume variety veracity and velocity of the relevant data is essential An end to end solution requires A clear strategy based on a

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/news-business-transformation-needed--to-address-mining-productivity (2016-02-10)
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  • EY announces 675 new partners worldwide - EY - Global
    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 675 new partners worldwide EY announces 675 new partners worldwide London 1 July 2014 Newsroom News releases PR contacts PR activities Analyst relations Fact and figures Share EY has today announced that 675 of its people will become partners across the member firms of its organization an increase of 33 compared to 2013 and the highest promotions to partner ever at EY Record partner promotions as economic growth and sentiment improves Overall headcount grows to 190 000 Mark Weinberger Global Chairman CEO of EY says I am very proud of our new member firm partners and would like to congratulate all of them Each of them has demonstrated great success in delivering exceptional client service strengthening our business building highest performing teams and helping play our role in building a better working world We have many very talented people at EY and this year s marked increase in new partner numbers reflects both the strength of the people we have coming through the ranks at EY and our confidence in the future growth of our organization and of the clients that we serve New partner promotions globally were as follows Americas 295 up from 240 in 2013 a 23 increase EMEIA 237 up from 162 in 2013 a 46 increase Asia Pacific 115 up from 80 in 2013 a 44 increase and Japan 28 up from 27 in 2013 a 4 increase Weinberger comments We continue to grow our teams in all regions and we are particularly pleased by the growth of our partner numbers across the emerging markets We had 28 of new partner promotions within the emerging markets demonstrating the talent success and growth potential in these countries Across service lines the largest volume of new partner numbers was in Assurance at 37 253 of all promotions followed by Tax with 27 183 Advisory with 24 159 and Transaction Advisory Services with 10 64 There were 2 16 of promotions within business support Women also feature prominently in the promotions making up 26 of new partners Two more women have been appointed to the Global Executive board the firm s most senior management body Weinberger says At EY we have long been champions of women in the workplace and the benefits of greater gender balance is proven Overall headcount grows to 190 000 In fiscal year 2014 overall people numbers rose from 175 000 to 190 000 globally Weinberger continues Our success depends on attracting the best people to our organization We invest in nurturing their natural talent and helping to develop them into our next generation of leaders We plan to be a very active recruiter at all levels as we strengthen our integrated services offering to our clients worldwide A year

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/news-EY-announces-675-new-partners-worldwide (2016-02-10)
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  • EY expands to offer assurance services in Myanmar - EY - Global
    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 expands to offer assurance services in Myanmar EY expands to offer assurance services in Myanmar Singapore 1 July 2014 Newsroom News releases PR contacts PR activities Analyst relations Fact and figures Share Leading professional services organization EY expands in Myanmar to offer assurance services through the admission of new member firm to be named EY UTW Myanmar Limited This adds to the multidisciplinary suite of tax transaction and advisory services that EY has been offering since April 2013 to companies that are seeking to invest and grow their business in Myanmar The 60 strong EY UTW Myanmar Limited will be connected with EY s other member firms across Asia Pacific leveraging EY s global strength scale and experience in helping clients do business in Myanmar Max Loh Asean and Singapore Managing Partner at EY says This is an important development for us as we are now even more connected and responsive to the evolving needs of our clients who have increasingly expressed interest in this new frontier market By adding assurance to our existing tax advisory and transactions services we seek to help our clients provide confidence to their stakeholders and build trust in the capital markets and such trust and confidence will be core to sustaining the economic health and growth of the country which resonates with our purpose of helping to build a better working world U

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/news-EY-expands-to-offer-assurance-services-in-myanmar (2016-02-10)
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  • KPMG International and EY Global Limited announce that they have reached agreement - EY - Global
    Tax Services Country Tax Advisory Cross Border Tax Advisory 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 KPMG International and EY Global Limited announce that they have reached agreement KPMG International and EY Global Limited announce that they have reached agreement 27 June 2014 Newsroom News releases PR contacts PR activities Analyst relations Fact and figures Share Schedule 3 Agreed public statement KPMG International and EY Global Limited announce that they have reached agreement on all outstanding issues associated with their respective Danish practices The agreement includes mutually satisfactory terms which amongst other things provides that as of 1 July 2014 KPMG 2014 and Accura Tax become the Danish KPMG practice and KPMG Denmark exits KPMG and joins EY All other terms of the settlement remain confidential Media Enquiries Tehira Taylor Global Media Relations Team Leader Ernst Young Global Limited Becket House 1 Lambeth Palace Road SE1 7EU Tel 44 207 980 0703 Mob 44 7920 577549 Ends About EY EY is a global leader in assurance

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/news-KPMG-International-and-EY-Global-Limited-announce-that-they-have-reached-agreement (2016-02-10)
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  • EY – The smart consumer: 30,000 consumers from 34 countries reveal new global trends - EY - Global
    Your development Life at EY Joining EY Global Delivery Network Alumni Home Newsroom The smart consumer 30 000 consumers from 34 countries reveal new global trends The smart consumer 30 000 consumers from 34 countries reveal new global trends London 26 June 2014 Newsroom News releases PR contacts PR activities Analyst relations Fact and figures Share Today s new consumer does more research before making a purchase Rising brand loyalty shows companies building trust and delivering first class customer experience Online consumers in emerging markets leading the way with digital purchase Consumers more wary of social media The vast majority of people 62 are now digital consumers rational and adept at using technology to filter information and make purchasing decisions Companies must target digital hypertaskers 1 the shoppers of the future and the most sophisticated and challenging of digital shoppers to create competitive advantage in the long term This is the topline finding of an EY report launched today Consumers on board how to copilot the multichannel journey featuring the results of a global survey of 30 000 consumers in 34 countries and in depth interviews with business executives EY s second international survey of the new consumer reveals how behavior is evolving and the size and nature of the task that lies ahead if businesses are to prosper Compared to the previous survey in 2012 Buying online is becoming more commonplace The only categories to remain stable in store are purchases relating to cars telephone and mobile contracts and consumer loans While price remains the top criterion in the buying decision it has lost ground to factors such as quality and product warranty Younger consumers age 15 to 29 lead the way in product and service development They are three times more likely to engage in co creation activities tapping into the insights of the consumers at the right points in the innovation process than the 50 age group But some marketers risk ignoring this older baby boomer demographic which is often labeled the richest generation Price and quality are the factors that most influence the buying decision however rising brand loyalty across all markets underlines the appeal of brands that have invested in building trust and delivering an engaging customer experience Woody Driggs EY s Global Advisory Customer Leader says Our previous report two years ago painted a picture of consumers who wanted products and services to be designed sold delivered serviced and purchased in a way that suits them Today they are even more knowledgeable and self confident doing more research before buying than ever before Change on this scale demands attention In the age of the smart consumer it s vital to realize that consumers consider themselves as copilots when setting off with the intention of buying We see evidence of active cooperation being offered in the development phase for new products in every category we looked at The growth of the digital purchasing journey emerging market online users leading the way and consumers wary of

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/news-30000-consumers-from-34-countries-reveal-new-global-trends (2016-02-10)
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  • EY – Global IPO activity up despite heightened investor caution - EY - Global
    IPOs while energy raised the most capital through IPOs in the first six months of 2014 US 17 6b Maria Pinelli EY s Global Vice Chair of Strategic Growth Markets says The IPO market is very strong across a number of regions and sectors and all the indicators are that this upward trend is sustainable Pricing is now starting to come under pressure in some markets suggesting that investors are displaying a savvy and commendable level of caution They are not prepared to invest in deals that are over valued which means that now more than ever those companies which come to market at the right time with the right growth story will only attract investor interest if they are priced right Europe displays strength and breadth Europe has seen 162 IPOs raising US 44 5b in 2014 so far an increase of 131 in deal numbers and 351 in capital raised compared to the same period a year ago and the best since 2007 London was the region s standout performer with its main and junior markets hosting a combined total of 71 IPOs raising US 18 5b accounting for 12 of global deal volume in 2014 so far Other markets also featured strongly with the Euronext Paris Amsterdam Brussels and Lisbon posting 19 deals which raised US 8 6b while Borsa Italiana Milan NASDAQ OMX Copenhagen and Stockholm and Bolsa de Madrid none of which normally feature among the top 10 global exchanges hosting 11 IPOs raising US 2 5b 10 deals via US 4 3b and 5 deals via US 5 6b respectively Pinelli says The European IPO market is back with a vengeance in 2014 With an increasingly positive economic environment and supportive monetary policy from central banks the IPO window is wide open We are seeing high levels of activity in the traditional UK and French hotspots with a key driver being financial sponsors looking to exit investments We also see activity spreading out to other mainland European exchanges as the economic recovery takes hold which is a very promising sign for the strength of the European IPO market US exchanges post 10 year high For the first time in more than 10 years Q214 was the third consecutive quarter with more than 70 IPOs on US exchanges marking a standout first half of the year NYSE and NASDAQ accounted for a combined total of 162 IPOs raising US 35 0b in capital in the first half of 2014 including seven deals with IPO proceeds above US 1b With stock markets continuing to hit record highs and volatility at its lowest levels since the financial crisis an unprecedented number of companies are seeking to go public in the US says Pinelli However although average first day returns for IPOs in the second quarter were solid at an average of 9 8 this was down from the first quarter level of 12 3 Valuations were also less favorable with 56 of IPOs in Q214 being priced

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/news-global-ipo-activity-up-despite-heightened-investor-caution (2016-02-10)
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