Ernst & Young top for financial services risk management
London, 18 November 2009: Ernst & Young has been voted the best financial services risk management advisory business by over 300 operational risk and compliance professionals in this year’s OpRisk & Compliance magazine annual consultancy survey.
In addition to placing Ernst & Young first overall, the global professional services organization also secured the top spot in 6 of the 13 categories: Operational Risk; Compliance Effectiveness; Operational Risk Software Selection, Implementation; Compliance Software Selection, Implementation; Business Process Improvement; and Financial Crime Prevention. Ernst & Young was ranked in the top 3 in all other categories.
Hank Prybylski, leader of the Global Financial Services Risk Management (FSRM) practice said: “We are clearly in a period of intense and rising regulatory expectations regarding risk requirements. For over 12 months we have been at the center of one of most trying global financial services environments. These results speak volumes about the hard work of our professionals and client focus we continue to display. We often highlight the power of our collective talent but industry recognition, like this, proves it.”
EMEIA FSRM leader, Dr Stephen Christie, comments: “The pace of change, complexity and technical breadth expected from financial institutions and regulators has increased significantly. Our integrated advisory services have been critical to ensure successful outcomes for our clients. This has been a key factor, we believe, in our differentiation reflected by this award.”
Phillip Straley, FSRM leader for the Far East added: “Beyond global connectivity and integrated offerings, which are critical, we have focused on building capability to execute in local markets of importance to our clients. This means knowing local regulations and regulators, delivering depth of skills in the local language, and tailoring services to local operating environments and governance expectations.”
Survey respondents were from Europe (48%), North America (40%) and Asia-Pacific (10%). The full listing appears in the November issue of OpRisk & Compliance.
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Notes to Editors
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