Robin Errico to become Chief Risk Officer of EY Switzerland and join Management Committee
- From 1 July 2017, Robin Errico will be the Chief Risk Officer (CRO) of EY Switzerland.
- Predecessor Dr. Andreas Blumer is focusing on his activities as managing partner of the Financial Services Organization division.
- CRO is a centralized function as to manage in a disruptive business environment.
ZURICH, 14 JUNE 2017 – From 1 July 2017, Robin Errico will take over the role of Chief Risk Officer (CRO) at EY Switzerland. She succeeds Dr. Andreas Blumer, who since 1 March 2017 has been the new managing partner of the Financial Services Organization division and will be focusing on this role in future. Ms. Errico is the first woman to join the Management Committee of EY Switzerland. She is 50 years old, with 29 years of professional experience, and has been an audit partner at EY since 2004. A citizen of both Switzerland and the USA, she serves various public companies listed in both countries. Since she joined EY, she has led international teams on global projects and audits and will continue working with clients. Ms. Errico has been closely involved with the growing reporting requirements of the changing regulatory environment for many years.
CRO responsible for the company’s risk management
The CRO is a central role responsible for risk management across the company, including the coordination of all risk-related tasks for the service lines and sector areas of focus within EY. This diverse range of activities includes adjusting the company’s risk strategy to the changing environment. As such, the importance of the function has risen in line with the increasing volatility, uncertainty and complexity in the market place. She will also focus her activities on driving forward the strategic importance of risk management within the company itself. This role also requires Robin Errico to be a member of the Risk Management Team of EY Germany, Switzerland and Austria, which is developing new cross-border approaches to risk management.
New risks from digitalization
“I am really looking forward to the new role. Taking on the position of CRO in an environment undergoing significant change is an exciting challenge. The disruption of all industries and business models is giving rise to new risks, even for our own firm. It is critical to identify and assess these risks at an early stage so we can take the appropriate preventive measures to limit any underlying impact. I regard this as a very interesting and important role,” says Robin Errico.
Marcel Stalder, CEO of EY Switzerland, is looking forward to working more closely with Robin Errico: “She is the first woman on the Management Committee of EY Switzerland. This sends an important signal to other woman managers: we want to further increase the percentage of management positions held by women, and aim to have 25% of partner roles held by women by 2020. Robin has extensive expertise and the outstanding international network this complex position requires. Many industries are going through a fundamental transformation right now toward a new digital world. We can only master this change if we work with new technologies and modern analytical methods to control the associated risks. This primarily affects how we deal with data. In an environment with huge quantities of data, the position of CRO is a central function that has top priority at EY.”
EY* is one of Switzerland’s largest audit and advisory firms. EY employs about 2,700 people across 11 offices in Switzerland and Liechtenstein, and generated revenues of approx. CHF 661 million in the 2015/2016 financial year. Together with the 231,000 employees of the global EY organization, EY serves clients all over the world.
EY offers an extensive portfolio of services to large as well as medium-sized businesses: integrated transformation advisory from strategy to IT architecture, assurance, transaction, tax, legal and people advisory services.
Thanks to our highly educated and trained staff and strong local teams, embedded in a globally integrated organization, we support our clients in overcoming the challenges they face in a trusted, efficient and reliable way. Building a better working world is EY’s global purpose, for our people, for our clients and for our communities.
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*The name EY refers here to Ernst & Young Ltd, the Swiss member firm of Ernst & Young Global Limited (EYG), a UK company limited by guarantee. Each EYG member firm is a separate legal entity and has no liability for any acts and omissions of any other member firm.