Press release

“Opportunity for Russia,” says Joe Watt, the new EY Chairman of the Management Committee and Managing Partner for the CIS
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Moscow, 5 February 2014. By hosting global sports events Russia will help position itself in the global arena and build confidence, says the new head of EY’s practice in the CIS, Joe Watt, who replaced Karl Johansson in January 2014.

Russia faces challenging years ahead, but the new opportunities, believes Watt, will be in healthcare, technology, infrastructure projects, and the development of Russia’s Far East and other regions. Russia is part of the global economy and global competition, Russian companies in all sectors need a continuous improvement of operational efficiency.

According to EY’s new Chairman of the Management Commitee and Managing Partner for the CIS, Russia can take advantage of the changes taking place in the world, build on its strengths, diversify its economy. Russia will continue to attract foreign investment and improve the attractiveness of doing business in Russia. EY Russia is committed to making a contribution to the growth and development of the Russian economy.

Joe Watt joined EY in Australia in 1989, and five years later moved to Russia. He then spent 12 years in Russia, including periods as CIS Managing Partner for Assurance and leading the development of the CIS practice. He also spent six years in Indonesia, including time as a managing partner. He has exceptionally strong skills in serving clients in developing and emerging markets.

Joe will expand EY’s leadership in the CIS and broaden the service opportunities to the market. “EY Russia has relatively more Russian national partners and this is one key differentiator between EY and our competitors. As the leading firm in Russia and in the CIS, EY is the best positioned firm to support Russian enterprises. Most of our business in Russia is from services other than audit. We have built leading practices in Advisory, Tax and Law, Transaction Advisory Services. Providing exceptional client service – bringing insight and understanding to our clients is crucial to our success”.

Karl Johansson, CIS Regional Managing Partner, 2006-2013: “Joe knows CIS markets well, as he has spent most of his career here. He has a long-standing commitment to the development of our people and providing insights and global best practices to our clients and the market. We all wish him great success in his new role.”

About Joe Watt
Joe has been with EY for 25 years and has been the Managing Partner in two very different emerging markets. He has also successfully managed two EY regional offices. He has worked with clients in Australia, Indonesia, and Russia, providing exceptional client services by listening and understanding our clients’ issues and business. Joe is a dedicated long-distance runner, and in 2013 completed the Paris, Moscow and New York marathons. Joe is married to a Russian and has spent more of his life in Moscow than in any other city.

About EY
EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

EY works together with companies across the CIS and assists them in realizing their business goals. 4,600 professionals work at 20 CIS offices (in Moscow, St. Petersburg, Novosibirsk, Ekaterinburg, Kazan, Krasnodar, Togliatti, Vladivostok, Yuzhno-Sakhalinsk, Almaty, Astana, Atyrau, Bishkek, Baku, Kyiv, Donetsk, Tashkent, Tbilisi, Yerevan, and Minsk).

EY refers to the global organization, and may refer to one or more, of the 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

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.

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