EY announces new member firm in Myanmar
Hong Kong, 9 April 2013
Leading professional services organization, EY, today announced the opening of a new member firm in Myanmar. The new firm, EY (Myanmar) Limited, extends EY's footprint to 22 countries in Asia-Pacific and 151 worldwide. It will provide tax, transaction and other business advisory services to clients that are seeking to invest and grow their business in Myanmar.
EY (Myanmar) Limited will be connected with the organization’s other firms across Asia-Pacific, leveraging EY’s strength, scale and experience helping clients do business in Myanmar. Our Singapore practice will continue to act as a central hub to assist with client enquiries on investing and operating in the market.
Lou Pagnutti, EY’s Asia-Pacific Managing Partner, says: "We are seeing growing interest in Myanmar from both Asian and other international investors since the easing of trade sanctions in the country. Years of under-investment in the country means that it now presents tremendous potential for growth and investment. We're very excited to establish a formal presence in this new market – it is important that we continue to be close to where our clients are and want to be – and we are confident about creating value for them as we help them navigate the opportunities and risks in this relatively uncharted territory."
Max Loh, EY’s Managing Partner for Asean and Singapore will oversee the operations in Myanmar as part of his oversight of EY’s business in the Asean Region. Loh says: "We're uniquely positioned to deliver connected, responsive and insightful services to clients in Myanmar. For years, our integrated operating model across country practices has benefitted many of our cross-border clients with the ability to access our extensive global resources and local market knowledge. We will continue to tap on our experienced people across Asia-Pacific who are familiar with the market to address a spectrum of business issues from tax, transactions, advisory to assurance.”
EY is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 167,000 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.
EY refers to the global organization 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 about our organization, please visit www.ey.com.
This news release has been issued by EYGM Limited a member of the global EY organization that also does not provide any services to clients.