Ernst & Young announces five senior appointments in Asia Pacific Asset Management
Hong Kong, 8 November 2011 — Ernst & Young today announces the appointment of Roy Stockell as Head of Asset Management for Asia Pacific.
Roy brings with him 25 years experience in the Asset Management industry both in an advisory capacity and as an industry practitioner. Prior to this appointment, he led Ernst & Young's Asset Management group for Europe, Middle East, India and Africa. Before rejoining Ernst & Young in London, Stockell held senior positions in the Asset Management industry with J.P. Morgan Asset Management and Invesco.
Based in Hong Kong, Roy will be responsible for overseeing the development and management of the Asia Pacific Asset Management team, as part of Ernst & Young's Financial Services Organization (FSO) in Asia Pacific, leading our plans for expansion in Asia Pacific. Roy will continue to be a member of Ernst & Young's Asset Management Global Advisory Board with the additional specific responsibility to coordinate the firm's Asset Management Advisory business internationally.
The Asia Pacific Asset Management function
Other new senior appointments in the Asset Management function at an Asia-Pacific level include Elliott Shadforth, George Saffayeh, Teresa Tso and Christine Lin.
Elliott Shadforth brings with him 16 years of experience and industry knowledge from serving major financial institutions and investment funds in audit, internal control reviews, transaction support and advisory roles. His expertise lies across a broad spectrum of asset classes including private equity, real estate and infrastructure. Prior to relocating to Hong Kong, Shadforth was a Partner in Ernst & Young's Oceania FSO.
George Saffayeh joins the group from Ernst & Young's Americas FSO in New York, bringing with him more than 15 years experience delivering accounting, advisory and auditing services to various investment funds. His experience ranges from servicing start-ups to large, global multi-billion dollar hedge funds of varying structures and strategies.
Teresa Tso has over 18 years of experience in financial services, focusing on assurance and advisory services to both Hong Kong and Mainland China clients. Christine Lin joined Ernst & Young Hong Kong in 1997 and has over 7 years of experience serving clients in the financial services industry.
Commenting on the new appointments, Keith Pogson, Managing Partner, Asia Pacific Financial Services for Ernst & Young said, "The Asia Pacific Asset Management market continues to grow and it is important we should further develop our expertise to serve our clients with world class talent. These appointments underline the importance of Asia Pacific for Ernst & Young and our commitment to expand our financial services business in the region."
"This is an exciting opportunity for our people to lead our growth in one of the most important asset management markets in the world," commented Ratan Engineer, Global Asset Management Leader of Ernst & Young. "Our clients value our ability to execute on their behalf seamlessly across borders and recognize Ernst & Young as one of the most globally integrated professional services organizations in the world."
"We aim to introduce additional services to our clients by working as an integrated account-centric team. My focus is to identify those account teams who work with Asset Management clients, bring them together as an integrated network and harness our combined skills to accelerate our growth." said Stockell.
Notes to editors:
Integrated Asia Pacific creates market leadership
Ernst & Young's integrated Asia-Pacific practice is the most rapidly-growing professional services globally, with an addressable market for Financial Services estimated to reach US$12 billion by 2014*. The Asia Pacific banking, insurance and asset management sectors are projected to continue to grow strongly across this diverse region. Ernst & Young announced its Asia Pacific Area Integration in July 2010. The integrated approach makes Ernst & Young the market leader in the industry, extending beyond the country based Partnership boundary to reflect more perfectly the business, operations and activities of how clients operates.
*Financial Services Consulting Marketplace 2009-12, Kennedy Consulting Research and EY estimates.
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