Economist ranks swell at EY
Monday, 28 February 2011 — Public and private sector demand for robust economic analysis to underpin infrastructure spending is fuelling the growth in economic advisory in the professional services sector.
EY has doubled the size of its Economic, Regulatory and Policy team in the past 12 months and expects to double it again in the next 12 months, according to EY’s Oceania Transaction Advisory Services Leader, Graeme Browning.
“Traditionally this type of work has been the realm of a select number of niche economic advisory firms but the growth in demand and the complexity of the work has opened the way for firms like EY,” says Browning.
“We have always had economic advisers in our firm that work with our project finance team, but as demand has grown we’re rapidly built up the size of our team.”
“The advantage professional services firms’ have is the breadth and depth of knowledge, both technical and sector, particularly in relation to infrastructure, that we have in addition to our economic advisers.”
EY’s Economic, Regulatory and Policy practice numbers have grown to over 30 this week with Brisbane’s Energy Advisory Services’ managing director Matthew Rennie and his team of five joining the firm.
Rennie says: “We are very pleased to be joining one of the leading economics and regulatory practices in the region”.
The EY Economic, Regulatory and Policy team, led by David Cochrane in Melbourne, work across Australia and New Zealand, come from a range of regulatory and policy backgrounds, and work in a range of sectors, particularly energy, water, transport, health, education and the environment.
Browning says the addition of the Brisbane based regulatory services along with additional policy and regulatory skills in Sydney and urban economic skills in Melbourne further expands the ability of the firm to provide a comprehensive economic service to clients.
“The demand for comprehensive, evidence-based advice for large infrastructure projects along with other government policy initiatives will continue to increase as governments and the private sector seek robust analysis to assist expenditure decisions.”
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