Ernst & Young launches integrated Asia-Pacific Financial Services Organization
Hong Kong, Friday 1 July 2011 — Ernst & Young today announces the launch of the newly-integrated Asia-Pacific Financial Services Organization (FSO). The first of its kind in the region, the Asia-Pacific FSO will enable Ernst & Young people to work seamlessly across borders to provide improved service to financial services clients.
The integration brings together 2,500 of Ernst & Young's existing financial services professionals in the region to focus on three sectors – banking and capital markets, asset management and insurance in major and fast growing financial centres including Hong Kong, Mainland China, Australia, Korea, Singapore and Vietnam. Asia-Pacific FSO links seamlessly with Americas, EMEIA and Japan FSOs. And with strong growth ambitions, the FSO is expected to generate more than 1,500 new permanent jobs in the region over the next five years.
Lou Pagnutti, Ernst & Young's Asia-Pacific Area Managing Partner, says: "By providing our Asia-Pacific financial services clients with multi-disciplinary teams from around the world we can deliver more global perspectives, experiences, people and services. Asia-Pacific FSO demonstrates Ernst & Young’s commitment to being the most globally-integrated professional services organization."
Keith Pogson is appointed as Ernst & Young’s Asia-Pacific Financial Services Leader.
Pogson says: "Our Asia-Pacific FSO brings together our geographic, service, sector and regulatory strengths in financial services. It enables us to better serve our clients through a structure that reflects the way our clients do business seamlessly across borders. We are able to deliver more connected, speedy, seamless and high quality client services in Asia-Pacific and globally.”
Ernst & Young prides itself on our People culture and we continue to invest heavily in people. Asia-Pacific FSO will provide our professionals with even more diverse career opportunities working and teaming with a broader range of people in different locations with different cultures. We also provide tailored world-class training and learning which allow them to become outstanding financial services industry specialists in the market.
Pogson concludes: "Our integrated organization across Asia-Pacific is a key differentiator in the marketplace. Our clients tell us that the multi-disciplinary, cross-border approach is delivering real value and enabling them to quickly make informed and commercially astute decisions. We will continue to be connected, responsive and insightful to provide unmatched client services."
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Notes to editors
Facts and figures of the newly integrated Asia-Pacific Financial Services Organization (FSO):
Our key cities and markets will be:
- ASEAN (Singapore, Hanoi, Ho Chi Minh City)
- Australia (Sydney, Melbourne)
- China (Beijing, Hong Kong, Shanghai)
- Korea (Seoul)
Our people:
- 2,500 financial services professionals
- 170 financial services partners
Our leaders:
- Keith Pogson, Sub-Area Managing Partner
- Craig Griffin, Accounts and Business Development Leader
- Nam Soon Liew, Advisory Leader
- Don Bailey, Assurance Leader
- Rowan Macdonald, Tax Leader
- Winston Ngan, Asean Leader
- Jack Chan, China Leader
- Sung-Ho Shin, Korea Leader
- Andrew Price, Oceania Leader
- Mike Buxton, Asset Management Leader
- Steve Ferguson, Banking and Capital Markets Leader
- Paul Clark, Insurance Leader
About Ernst & Young
Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 141,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.
Ernst & Young refers to the global organisation of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information on our organisation, please visit www.ey.com.
This news release has been issued by Ernst & Young Australia, a member firm of Ernst & Young Global Limited.
Liability limited by a scheme approved under Professional Standards Legislation.
Contact details:
Kate Hamilton
Ernst & Young Australia
Tel: +61 02 9248 5599 or 0402 246 825