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  • EY launches annual 2013 Young Tax Professional of the Year Award - EY - Global
    Transactions Industries The EY difference Your development Life at EY Joining EY Global Delivery Network Alumni Home Newsroom EY launches annual 2013 Young Tax Professional of the Year Award Press release EY launches annual 2013 Young Tax Professional of the Year Award London 20 February 2013 Newsroom News releases PR contacts PR activities Analyst relations Fact and figures Share EY is delighted to announce the launch of its third consecutive international competition Young Tax Professional of the Year This award allows successful students who are chosen from more than 30 countries to compete through demonstrating their tax technical and professional skills to a panel of expert judges Stephan Kuhn EY EMEIA Tax Leader says We have created the Young Tax Professional of the Year program to bring together the tax talents of the future We want to show them how much the tax profession has changed today how business is managed in different cultures as well as exposing them to the skills required for tomorrow s leaders This award offers students the opportunity to learn and share experiences with people from a diverse range of backgrounds Engaging in constructive dialogues with and being inspired by high level professors and global business leaders will facilitate greater knowledge about the rewards of becoming a tax professional comments Karen Wauters EY EMEIA Tax People Leader Award participants will have access to invaluable global leadership training and one on one technical coaching as well as the opportunity to network with leading figures from global organizations The program spans almost 250 universities in more than 30 countries This year Kenya Austria Brazil China Finland Italy Ireland Luxembourg Norway and Romania are participating in the program for the first time More than just a competition The Young Tax Professional of the Year is split into two stages local and international The judges will be looking for evidence of creative and analytical strengths as well as practical skills Stage 1 Local competition During the initial competition in the home country we will challenge both the candidates technical abilities and their wider commercial strengths Stage 2 International final Taking place in Copenhagen Denmark during the 67 th International Fiscal Association Congress in August 2013 successful country finalists will have the chance to work closely with a diverse range of professionals They will face challenging case studies and interviews to demonstrate their expertise before the award judges That panel will then confirm the three winners of the Young Tax Professional of the Year Award The awards ceremony The finalists will be invited to a prestigious awards ceremony where after a review of everyone s performance throughout the competition the winners will be announced More than just a trophy In recognition of the technical skills and professionalism demonstrated in front of the jury the three award winners will be presented with prizes that provide an opportunity for personal experience as well as connection to and understanding of the various tax markets First prize a 30 day round the world business

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/News_EY-launches-annual-2013-Young-Tax-Professional-of-the-Year-Award (2016-02-10)
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  • Institutional investors feeling positive about 2013 IPO market - EY - Global
    expensive with 72 of investors saying the risk is higher and 41 believing valuations are higher Risk perceptions are strongest among North American investors Maria explains With deep and liquid capital markets at home US investors may feel less need to take on this additional risk Investors do not believe PE VC backed IPOs are less attractive The popular perception that PE and VC backed IPOs leave less value on the table for future investors appears to be a myth according to the survey results Investors have varied perceptions on the price of financial sponsor backed IPOs versus other IPOs Just over 40 of institutional investors believe they are more expensive leaving around 60 who say that such IPOs are the same or cheaper implying higher returns for new investors However as Maria comments The differences in regional perceptions regarding the value that PE VC brings to IPOs are quite startling Those in Central and South America are overwhelmingly positive in direct contrast to other rapid growth regions Africa and the Middle East In North America the historic core of PE and the VC industry expectations of a better price performance post listing are alarmingly low In North America only 19 of investors thought PE VC stocks would perform better Financial services have universal appeal The survey highlights that financial services is the industry with the highest appeal in every region Overall 51 of investors currently have it as one of the top three sectors in their portfolio The next highest ranking sectors are consumer retail 35 consumer products 27 oil and gas 26 and technology 21 Investors are attracted to financial services due to high demand for financial services globally and a rise of innovative service says Maria Consumer industries are particularly strong in fast growth markets where populations are young and expanding and where incomes are rising Preparation is critical IPOs need right team right story and right price Right price featured in 91 of investors top three critical factors influencing IPO success across all geographic regions and investor types This was followed by the right story which was cited in the top three by 65 of investors and right team by 57 For an equity story to be compelling companies need to provide the evidence that the business model has performed well in recent years and that there is a solid track record of growth and an actionable plan to sustain it explains Maria The findings underline the fact that good quality companies led by the right team offered at the right price and with a good story to tell will always command the attention of the market Companies that are well prepared will be able to launch when the window opens up Overpricing is the biggest threat to a successful IPO Reflecting the importance of launching at the right price with the right management team over pricing ranks as the top challenge to IPO success cited by 85 of investors followed by having the wrong team

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/Institutional-investors-feeling-positive-about-2013-IPO-market (2016-02-10)
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  • State-backed and financial investors to drive 2013 mining deals - EY - Global
    and capital raising in mining and metals 2012 trends 2013 outlook released today shows there were 941 completed deals with a total value of US 104b in 2012 down 7 and 36 respectively on 2011 The annual report shows it is the lowest number of deals since 2008 and the smallest by value since 2009 at the height of the financial crisis EY s Global Mining Metals Transactions Leader Lee Downham says deal activity will pick up in 2013 We will see the continued rise of strategic and financial buyers in the sector throughout this year motivated by the need to secure long term sources of mineral supply and the prospect of quick returns respectively he says A new class of investor Downham continues Traditional M A and financing has become increasingly marginalized post financial crisis as access to capital via debt and equity markets became increasingly constrained Corporates are now focused on cost reduction and recycling capital via divestments and have been less focused on pure M A Our analysis shows that the share of deal value by non traditional acquirers has grown year on year to account for 31 of total deal value in 2012 compared with just 21 in 2011 State backed and financial investors account for 69 and 15 of this proportion respectively Downham says financial investors private capital investment funds sovereign wealth and real estate holding companies are typically taking toehold investments of 10 15 while the increasingly commercially focused state backed strategic investors state owned enterprises are commonly adopting a larger investment strategy Capital strike and divestments The capital strike by many mining and metals companies in the face of rising costs and softer prices in 2012 will continue until commodity prices recover sufficiently to encourage new investment The renewed focus by miners on cost savings and capital optimization will also see continued divestment of non core or under performing assets that began in late 2012 he says Leaner business models and stronger balance sheets will emerge during the second half of this year We anticipate that companies will look to re focus on growth in late 2013 as the pressure to replace depleting reserves and maintain production mounts The expected shift back to growth will likely be through M A rather than organic growth with lower valuations and large cost overruns likely to swing the pendulum back to buy over build Downham says long term demand for the sector will continue to be driven by China other BRIC countries and developing nations The rapid cut back of expansion and capital spending by many organizations is expected to slow long term supply and prolong a super cycle scarcity premium Consequently those with access to capital and a long term view will seek to invest 2012 capital raising down For the first year since 2009 there was an overall decline in the amount of capital raised by the sector despite an all time record US 113b raised from corporate bonds 35 more than in 2011

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/Newsroom---2013-mining-M-A (2016-02-10)
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  • 54 of entrepreneurs to increase their workforce in 2013 - EY - Global
    February 2013 Newsroom News releases PR contacts PR activities Analyst relations Fact and figures Share Despite the uncertain global economic environment and at a time of high levels of unemployment many of the world s most successful entrepreneurs continue to grow their business and are expanding their workforce According to new research from EY Global jobs creation more than half of the 600 plus major entrepreneurs across the world surveyed say they expect to increase their work force in 2013 with the numbers showing remarkable similarity around the world Americas Asia Pacific and Europe Middle East India and Africa Nearly three quarters of the entrepreneurs who are all former EY Entrepreneur Of The Year winners and had a collective 18 revenue growth rate in the past two years as well as employing over 304 000 people in 51 countries reported they had raised headcount in 2012 Innovation is key factor in beating the competition Innovation plays an essential role in helping entrepreneurs create new jobs and beat the competition Nearly 90 of respondents across a wide numbers of industries agreed that innovation was the one genuine differentiator and advantage they have over the competition In addition more than half of those surveyed 54 said they expect growth to continue in 2013 and nearly half 44 say they have a structured process in place to drive innovation while 41 said innovation is an unstructured spontaneous process Clearly entrepreneurs are not taking a wait and see attitude to growing their businesses but moving right ahead says Maria Pinelli Global Vice Chair Strategic Growth Markets for EY It s fascinating to see this type of success across the board at a time when just about every leading global economic indicator reports modest or no growth New market drives Forty three percent of the respondents say that a passion for their product or service was the driving force behind their entry into a given market Improving an existing product or service came second at 36 while tapping into niche markets was third at 33 Not surprisingly since The Next Big Thing is around every corner in the IT and technology sectors this group registered highest when it came to zeal for its products Entrepreneurs in the manufacturing sector said they were more focused on improving an existing product or service while pharmaceutical and biotech executives said they re searching for new niche markets says Pinelli Filling the unemployment gap Despite all the bullish news entrepreneurs said they are in desperate need of attracting individuals with the right skills and talent to fill their needs Specific skills in greatest demand are industry knowledge 57 sales and marketing 25 and management leadership 22 Interestingly there is less interest in candidates with the narrow functional backgrounds such as engineering finance and human resources This trend was most obvious in Ireland where 68 of the respondents confirmed that they hired specific industry skills followed by Australia 61 Canada 61 the US 56 and the UK 43 Ironically Pinelli

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/News_54-of-entrepreneurs-to-increase-their-workforce-in-2013 (2016-02-10)
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  • Technology M&A Q4 2012 - EY - Global
    of specific industries while other industries rapidly adapt to the evolving possibilities that technology enables Both corporate and private equity PE deal making declined The aggregate disclosed value of PE deals declined by nearly half down 47 to US 18 5b in 2012 from US 34 8b in 2011 Aggregate value of corporate deals declined 32 to US 95 6b in 2012 from US 140 9b in 2011 The average value of deals that had disclosed values was US 188m down 14 from US 218m in 2011 Joe Steger Global Technology Industry Transaction Advisory Services Leader at EY says The macroeconomic pressures that returned in late 2011 held down global technology M A activity in 2012 But that pressure also helped clarify what s important We saw growth in the strength of transformative megatrends social mobile cloud big data analytics and accelerated adaptation while the really big ticket deals pulled back Heading into early 2013 the short term outlook suggests a soft couple of quarters but the long term outlook for technology M A remains strong as both technology and non technology industries have an ongoing need to adapt to disruptive technology innovation Deal drivers Cloud computing Software as a Service SaaS deals dominate M A landscape Largely on the strength of SaaS growth the cloud SaaS megatrend ran away from the rest of the pack of deal driving trends in 2012 growing to more than 15 of global technology M A deal volume Cloud SaaS deals ranged from supply chain management marketing and retail SaaS to cloud oriented networking gear Big data analytics deal volume saw similar growth but from a smaller base Non technology companies buying technology outpaces other deal types To help accelerate their adaptation to the innovation that technology is enabling in many industries non technology buyers increased technology buying activity all year ending with 10 of full year aggregate value and 12 of volume Megatrends drive increasing share of deals In addition to cloud SaaS and big data analytics smart mobility social networking advertising and marketing security mobile e payments and health care information technologies HIT all drove a larger number of deals in 2012 than in 2011 even as overall deal making held steady Thus their footprint in the global technology M A landscape increased Cross border deals decline for first time in three years Cross border deal volume declined for the first time in three years to 970 deals in 2012 from 999 deals in 2011 down 3 The full year 2012 value of cross border deals fell 32 to US 47b from US 68 9b in 2011 Because that decline was less than the overall 35 drop cross border aggregate value rose to 41 of overall aggregate value from 39 in 2011 But cross border deal making followed the same pattern we saw in 2011 it climbed in the first half of the year and fell in the second half In 4Q4 2012 cross border value fell to US 8b or 27

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/News_Technology-M-A-Q4-2012 (2016-02-10)
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  • EY cited as a leader with “exceptional strategy" in information security consulting services - EY - Global
    leader with exceptional strategy in information security consulting services Strong service offering and exceptional strategy allow EY to take high honors Report highlights EY receives very positive feedback from clients on the expertise of its staff its exceptional quality control and its focus on client relationships Areas of strength include business continuity disaster recovery regulatory compliance data loss protection and fraud investigation EY has been cited as a leader by Forrester Research Inc for information security consulting services in the February 2013 report The Forrester Wave Information Security Consulting Services Q1 2013 To assess the state of the information security market and see how the vendors stack up against each other Forrester evaluated the strengths and weaknesses of top service providers The report highlights that EY has excellent client references and that the organization s heavy investment in its security business is bringing strong results EY s strong service offering and exceptional strategy in information security allowed it to take high honors within the report Forrester identified that EY receives very positive feedback from clients on the expertise of its staff its exceptional quality and control and its focus on client relationships As a result EY has a high level of repeat business in excess of 90 EY has been cited as a leader by Forrester Research Inc for information security consulting services in the February 2013 report The Forrester Wave Information Security Consulting Services Q1 2013 Paul van Kessel EY Global IT Risk and Assurance Leader comments We feel that this report recognizes the expertise of our staff our exceptional quality control and our focus on client relationships It is further proof to us that our information security specialists around the world are leading the way in delivering exceptional client service and developing innovative services for our clients EY s global team of over 3 600 information security professionals deliver a broad range of services The areas of strength highlighted within the report include business continuity disaster recovery BC DR regulatory compliance data lost protection DLP and fraud investigation The company s well established processes also ensured that EY performed very well in planning delivery and quality Ken Allan EY Global Information Security Leader adds We believe our strategy of producing consistently strong thought leadership content such as our annual Global information security survey which is now in its 15th year has helped cement our position as market leaders which we feel is reflected in EY receiving the highest score for strategy of all the vendors included within the report Other notable positive factors in the report included EY s deep commitment to innovation and thought leadership its strong strategy for the future and a global vision that seeks to sidestep internal competition for business and give the client a single global experience Client references were very positive and the report concludes in its profile of EY that companies looking for a long term partner with a solid suite of services and a great strategy for the future should

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/News_EY-cited-as-a-leader-with-exceptional-strategy-in-information-security-consulting-services (2016-02-10)
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  • EY recognized for its sustainability services within global brands survey - EY - Global
    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 recognized for its sustainability services within global brands survey Press release EY recognized for its sustainability services within global brands survey London 7 February 2013 Newsroom News releases PR contacts PR activities Analyst relations Fact and figures Share Seventy six percent of sustainability leaders have reported that they have information on EY s global sustainability consulting capabilities representing the highest brand awareness of the nine global professional services firms in the Global sustainability leaders survey brands by the independent analyst firm Verdantix EY scored the highest in terms of the sustainability leader s perception of which company has the strongest capabilities to advise on global sustainability strategy Thirty nine percent of respondents said that they have engaged would engage or consider engaging with EY to advise on their sustainability strategy EY also has the largest stake in sustainability assurance engagements with 14 of respondents reporting that they have already engaged with the company and an additional 6 reporting likely future engagement with EY The survey canvassed the opinion of 250 sustainability decision makers representing companies with revenues of at least US 250m from 21 industries in 13 countries including Australia Brazil Canada China France Germany India Mexico Middle East Russia South Africa UK and the US Juan Costa Climent EY s Global Climate Change and Sustainability Services CCaSS Leader comments This recognition indicates that our CCaSS services are increasingly relevant to markets across the globe Our clients and prospective clients increasingly believe we have the relevant skills and expertise to help them with the complex area of sustainability in today s fast moving business environment Ends Notes to Editors Verdantix interviewed 250 sustainability decision makers and budget holders at US 250 million plus firms representing 13 countries and 21 industries Access the full report Verdantix asked survey participants about current and future engagement awareness and perceptions of 52 sustainability consulting firms assurance providers software vendors and not for profit organizations About EY s Climate Change and Sustainability Services EY helps clients navigate their climate change and sustainability journey from understanding business and regulatory threats and opportunities delivering strategy exploring commercial transactions monitoring performance and adding rigor to public disclosures on progress EY has a global network of professionals who work

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/News_EY-recognized-for-its-sustainability-services-within-global-brands-survey (2016-02-10)
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  • EY Germany acquires J&M Management Consulting AG - EY - Global
    6 February 2013 Newsroom News releases PR contacts PR activities Analyst relations Fact and figures Share The professional services firm Ernst Young GmbH Wirtschaftsprüfungsgesellschaft EY Germany has announced the acquisition of Mannheim based J M Management Consulting AG an international consultancy specializing in supply chain management and the optimization of supply chains and operational processes EY Germany expands its supply chain advisory portfolio Acquisition builds EY s team to 1 400 advisory professionals in Germany Switzerland and Austria GSA J M Management Consulting AG has 320 employees across Europe and generated an annual turnover of approximately 50m in 2011 of which around 80 was earned in Germany The firm will be integrated into EY as part of the acquisition and the J M brand will be maintained until the end of 2013 Subject to approval by the anti trust authorities the integration should be completed by June 2013 The executive board members of J M Management Consulting AG the two founders Frank Jenner and Andreas Müller and Christoph Kilger will become partners of EY Germany The acquisition will increase EY s advisory capability to 1 400 professionals in GSA which currently provides business performance improvement risk and IT advisory services and generates an annual turnover of 230m Markus Schweizer EY Advisory Leader for GSA comments With the acquisition of J M Management Consulting AG we have enhanced our position in the important supply chain market which means we can offer our clients and J M s existing clients a more comprehensive set of advisory capabilities Georg Graf Waldersee Managing Partner of EY Germany and Managing Partner of GSA adds In step with our multidisciplinary practice this addition to our advisory services puts us in a significantly better position to support our clients in optimizing their business models around the globe and along the entire value chain This is another important step in the strategic expansion of our advisory services and J M s people will also be able to tap into EY s global knowledge base professional development and career opportunities Frank Jenner Spokesman of the Board of Directors at J M Management Consulting AG concludes EY and J M complement each other perfectly Together we will be a consulting partner for companies in industry and trade we have the relevant expertise to cover the entire value chain in all relevant industries from strategic consulting to IT enabled implementation Ends Notes to Editors About J M Management Consulting J M Management Consulting AG supports companies in industry and trade in optimizing their entire supply chain from product development and sourcing through production and logistics right up to sales and service J M consultants combine management consulting with IT competence and industry know how This makes us strong in transformation and provides a measurable boost to our clients in their operational business J M is a multiple award winner in supply chain management SCM e g as a Hidden Champion J M is headquartered in Mannheim At the end of 2011

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/News_EY-Germany-acquires-J-M-Management-Consulting-AG (2016-02-10)
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