EY Global review 2013: Facts and figures

Global review 2013

Facts and figures

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In FY13 EY reported our fastest revenue growth in five years. Across all our services lines we continue to perform well in a highly competitive and challenging marketplace.

Our combined global revenues were US$25.8b for the financial year ended 30 June 2013, compared with US$24.4b in 2012. Revenues grew 7.7% in local currency (5.8% in US dollars), EY’s fastest growth since 2008.

All of our service lines have shown growth this fiscal year. Assurance, our largest practice, delivered a positive year, growing revenues by over 4% to US$10.9b. Tax grew more than 7%, marking a third consecutive year of strong growth. Advisory achieved a third year of double-digit growth in FY13, with revenue of US$5.8b and growth of 18%. While our Transaction Advisory Services (TAS) service line grew by 3%, the fourth consecutive year of growth at a time when global M&A activity continues to decline in virtually every market.

There remain significant economic and geographical uncertainties in both developed and emerging markets. Despite these uncertainties we continue to perform well and make significant investments in our business.

Our strongest performing industry sectors, all with double-digit growth, were: Automotive, Consumer Products, Financial Services, Government & Public Sector, and Power & Utilities.

Overall our emerging markets had revenue growth of 12%. There were strong results in Brazil, which had a notable revenue growth of 24%, Turkey had growth of 19%, while India grew 17% and Vietnam grew 14%.

During FY13, EY recruited more than 38,000 full-time staff (24,000 graduates and 14,000 experienced hires) and 12,500 interns and grew its headcount to 175,000. EY expects to hire more than 42,000 (27,000 graduates and 15,000 experienced hires) full-time people and 13,000 interns in FY14. In July, EY announced that 131 (26%) of 520 new partners were women, up from 19% five years ago.


2013 Fortune Global 500

Percentage of companies served by EY

Percentage of companies served by EY  
Audit clients
Non-audit clients
All other companies in the index*

2013 Forbes Global 2000

Percentage of companies served by EY

Percentage of companies served by EY  
Audit clients
Non-audit clients
All other companies in the index*
   
*EY revenues less than US$500k in FY13.

Revenue US$ millions

  % change
Area FY13 FY12   US$ Local currency
Americas 10,750 9,820   9.5 10.4
EMEIA 10,943 10,459   4.6 7.0
Asia-Pacific 2,934 2,813   4.3 3.9
Japan 1,202 1,328   -9.5 0.8
Total 25,829 24,420   5.8 7.7
  % change
Service line FY13 FY12   US$ Local currency
Assurance 10,936 10,714   2.1 4.1
Tax 6,946 6,579   5.6 7.2
Advisory 5,751 4,956   16 18.0
Transaction Advisory Services 2,196 2,171   1.2 2.7
Total 25,829 24,420   5.8 7.7

People

Area FY13 FY12 % change
Americas 53,835 50,256 7.1
EMEIA 84,224 81,022 4.0
Asia-Pacific 29,893 29,294 2.0
Japan 6,856 6,653 3.1
Total 174,808 167,225 4.5
Service line FY13 FY12 % change
Assurance 66,156 64,544 2.5
Tax 35,358 33,676 5.0
Advisory 29,747 27,046 10.0
Transaction Advisory Services 8,776 8,598 2.1
Practice support 34,771 33,361 4.2
Total 174,808 167,225 4.5

Basis of presentation: Revenues include expenses billed to clients. For purposes of reporting combined global revenues, revenues between member firms have been eliminated. Headcount numbers reflect personnel as of 30 June of each fiscal year. FY12 revenues and headcount for Assurance and Tax have been reclassified to conform to FY13 service line definitions.


Global Executive

The Global Executive is our most senior management body and focuses on strategy, execution and operations. Its membership brings together all the elements of our global organization, including the leaders of our geographic Areas and service lines.

EY Global Chairman and Chief Executive Officer, Mark A. Weinberger

Mark A. Weinberger
Global Chairman and Chief Executive Officer

EY Chief Operating Officer, John Ferraro

John F. Ferraro
Global Chief Operating Officer

EY Global Managing Partner Client Service, Carmine DiSibio

Carmine DiSibio
Global Managing Partner – Client Service

EY Global Managing Partner — Business Enablement, Lou Pagnutti

Lou Pagnutti
Global Managing Partner – Business Enablement

EY Global Vice Chair, Public Policy, Beth Brooke

Beth Brooke
Global Vice Chair – Public Policy

EY Global Managing Partner, People, Mike Cullen

Mike Cullen
Global Managing Partner – Talent

EY Global Managing Partner, Operations &Finance, Peter Griffith

Peter Griffith
Global Managing Partner – Finance and Corporate Development

EY Global Managing Partner — Risk Management, Christian Mouillon

Christian Mouillon
Global Managing Partner – Risk Management

EY Global Vice Chair, Tax, David Holtze

David Holtze
Global Vice Chair – Tax

EY Global Vice Chair, Advisory, Norman Lonergan

Norman Lonergan
Global Vice Chair – Advisory

EY Global Vice Chair, Transaction Advisory Services, Pip McCrostie

Pip McCrostie
Global Vice Chair – Transaction Advisory Services

EY Global Vice Chair — Assurance, Felice Persico

Felice Persico
Global Vice Chair – Assurance

EY Area Managing Partner, Americas, Steve Howe

Steve Howe
Area Managing Partner – Americas

EY Area Managing Partner, Japan, Yoshitaka Kato

Yoshitaka Kato
Area Managing Partner – Japan

EY Area Managing Partner, EMEIA, Mark Otty

Mark Otty
Area Managing Partner – EMEIA

EY Area Managing Partner, Asia-Pacific, Steven Phan

Steven Phan
Area Managing Partner – Asia-Pacific

EY Chair of Emerging Markets Committee, Rajiv Memani

Rajiv Memani
Chair of Emerging Markets Committee

EY Chair of Global Accounts Committee, Jay Nibbe

Jay Nibbe
Chair of Global Accounts Committee

EY Representative of Emerging Market Practices, Albert Ng

Albert Ng
Representative of Emerging Market Practices

 
 

Photography
Ken Lennox


Leadership team

Mark A. Weinberger*
Global Chairman and Chief Executive Officer
Washington, DC
John F. Ferraro*
Global Chief Operating Officer
London
Carmine DiSibio*
Global Managing Partner –
Client Service
New York
Lou Pagnutti*
Global Managing Partner –
Business Enablement
London
Beth Brooke*
Global Vice Chair –
Public Policy
Washington, DC
Mike Cullen*
Global Managing Partner –
Talent
London
Peter Griffith*
Global Managing Partner –
Finance and Corporate Development
Los Angeles
Christian Mouillon*
Global Managing Partner –
Risk Management
Paris
David Holtze*
Global Vice Chair –
Tax
London
Norman Lonergan*
Global Vice Chair –
Advisory
London
Pip McCrostie*
Global Vice Chair –
Transaction Advisory Services
London
Felice Persico*
Global Vice Chair –
Assurance
Milan
Jay Nibbe*
Chair of Global Accounts Committee
London
 

Steve Howe*
Area Managing Partner – Americas
New York
Trent Henry
Canada
Toronto
Deborah Kissire
East Central (US)
McLean
Michael Inserra
Financial Services Organization
New York
Ronen Barel
Israel
Tel Aviv
Francisco Álvarez
Mexico and Central America
Mexico City
Rick Fezell
Midwest (US)
Chicago
Scott Halliday
Northeast (US)
New York
Jorge Menegassi
South America
São Paulo
Karole Lloyd
Southeast (US)
Atlanta
Randy Cain
Southwest (US)
Dallas
Kay Matthews
West (US)
San Jose

Mark Otty*
Area Managing Partner – EMEIA
London
Ajen Sita
Africa
Johannesburg
Rudi Braes
BeNe
Rotterdam
Philip Hourquebie
Central and Southeast Europe
Prague
Karl Johansson
CIS
Moscow
Jean-Pierre Letartre
FraMalux
Paris
Andy Baldwin
Financial Services Organization
London
Georg Graf Waldersee
GSA
Berlin
Rajiv Memani*
India
Gurgaon
Donato Iacovone
Mediterranean
Milan
Abdulaziz Al-Sowailim
MENA
Riyadh
Erik Mamelund
Nordics
Oslo
Steve Varley
UK and Ireland
London
 

Steven Phan*
Area Managing Partner – Asia-Pacific
Singapore
Max Loh
Asean
Singapore
Tony Johnson
Financial Services Organization
Hong Kong
Albert Ng*
Greater China
Beijing
SeungWha Gweon
Korea
Seoul
Rob McLeod
Oceania
Sydney

Yoshitaka Kato*
Area Managing Partner – Japan
Tokyo
 

Uschi Schreiber
Markets Leader and
Government & Public Sector
New York
Steve Almassy
Global Vice Chair, Industry
London
Mike Hanley
Automotive
Detroit
Bill Schlich
Banking & Capital Markets
New York
Gil Forer
Cleantech
New York
Mark Beischel
Consumer Products
Cincinnati
Shaun Crawford
Insurance
London
Glen Giovannetti
Life Sciences
Boston
John Nendick
Media & Entertainment
Los Angeles
Mike Elliott
Mining & Metals
Sydney
Dale Nijoka
Oil & Gas
Houston
Alison Kay
Power & Utilities
London
Jeff Bunder
Private Equity
New York
Howard Roth
Real Estate
New York
Patrick Hyek
Technology
San Jose
Jonathan Dharmapalan
Telecommunications
San Francisco
Ratan Engineer
Wealth & Asset Management
New York
 

*Global Executive members are highlighted in bold.


Global Advisory Council

The Global Advisory Council consists of 35 senior client-serving partners drawn from member firms across the four EY Areas as well as five Independent Non-Executives. The partners, who otherwise do not hold senior management roles, are elected by their peers. They advise EY on policies and strategies. The approval of the Global Advisory Council is required for a number of significant matters that could affect the organization.

Albert Anelli
Montreal
Pekka Luoma
Helsinki
Laurence Avram-Diday
Paris
Klaus Mangold*
Stuttgart
Mark Beischel
Cincinnati
Jon McCarter
Houston
Coen Boogaart
Amsterdam
Andrew Miller
St. Louis
Johan van den Bos
Amsterdam
Celestine Munda
Nairobi
Owen Chan
Hong Kong
Luiz Carlos Nannini
São Paulo
John Cole
London
Samar Obaid
Amman
Shirley Edwards
McLean
Mark Olson*
Washington, DC
Leslie Fiorentino
Boston
Tae Wook Park
Seoul
Marchello Gelashvili
Moscow
Jay Persaud
Philadelphia
Eric Golenvaux
Brussels
Meredith Scott
Sydney
Francisco González Carrera
Madrid
Thomas Stenz
Zurich
Shyamala Gopinath*
Mumbai
Penny Stocks
London
Kelly Grier
Chicago
Akira Toda
Tokyo
Tarsicio Guevara
Mexico City
Peter Tryhane
New York
Katsuhiko Hara
Tokyo
Stefan Viering
Stuttgart
Istvan Havas
Budapest
Michael Wachtel
Melbourne
Lim Hwee Hua*
Singapore
Steve Wills
London
Sonu Iyer
New Delhi
Yong Voon Kar
Kuching
Richard Lambert*
London
Donald Zimmerman
Atlanta

*Independent Non-Executive


Areas and Regions

Americas

EMEIA

Asia-Pacific

Japan

Canada

East Central (US)

Financial Services Organization
Bahamas, Bermuda, British Virgin Islands, Cayman Islands, US

Israel

Mexico and Central America
Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama

Midwest (US)

Northeast (US)

South America
Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Paraguay, Peru, Uruguay, Venezuela

Southeast (US)
Aruba, Barbados, Jamaica, Curacao, Trinidad and Tobago

Southwest (US)

West (US)

Africa
Angola, Botswana, Cameroon, Chad, Congo, Democratic Republic of the Congo, Equatorial Guinea, Ethiopia, Gabon, Ghana, Guinea, Ivory Coast, Kenya, Madagascar, Malawi, Mauritius, Mozambique, Namibia, Nigeria, Rwanda, Senegal, Seychelles, South Africa, South Sudan, Tanzania, Uganda, Zambia, Zimbabwe

BeNe
Belgium, Netherlands

Central and Southeast Europe
Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Estonia, Greece, Hungary, Kosovo, Latvia, Lithuania, FYR of Macedonia, Malta, Moldova, Montenegro, Poland, Romania, Serbia, Slovakia, Slovenia, Turkey

CIS
Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Russia, Ukraine, Uzbekistan

Financial Services Organization

Framalux
Algeria, France, Luxembourg, Monaco, Morocco, Tunisia

GSA
Austria, Germany, Liechtenstein, Switzerland

India
Bangladesh, India

Mediterranean
Italy, Portugal, Spain

Middle East and North Africa
Afghanistan, Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Oman, Pakistan, Palestinian Authority, Qatar, Saudi Arabia, Syria, Tunisia, United Arab Emirates

Nordics
Denmark, Finland, Iceland, Norway, Sweden

UK and Ireland
Republic of Ireland, United Kingdom

Asean
Brunei, Cambodia, Guam, Indonesia, Laos, Malaysia, Maldives, Myanmar, N. Mariana Islands, Philippines, Singapore, Sri Lanka, Thailand, Vietnam

Financial Services Organization

Greater China
China, Mongolia, Taiwan

Korea

Oceania
Australia, Fiji, New Zealand, Papua New Guinea