- New Europe West Region follows other integrations of EY regions in support of more global consistency and the provision of high-quality services
- The new Region will focus on supporting clients with transformational opportunities in digital, technology and sustainability
- Europe West will enhance the deployment of talent, skills and competencies across the geographical area
EY announces the intention to create a new Europe West Region to better serve the European single market and cross-border activity across Europe alongside a number of African countries. The EY Europe West Region includes 25 countries across three existing EY regions and will have combined revenues of US$4.65b and approximately 27,000 EY people, including nearly 1,500 partners. The new Region will facilitate the deployment of the leading EY talent, skills and competencies seamlessly across borders.
This move comes at a time when the EU is focused on significant digital ambitions to make the 2020s Europe’s Digital Decade; sustainability with the Green New Deal; and a renewed focus on the social agenda. Europe West will better enable EY teams to support businesses across the Region to drive their digital evolution, move toward greater sustainability and more inclusive growth. Marcel van Loo, the current EY Europe, Middle East, India, Africa (EMEIA) Financial Services Regional Managing Partner and now EY Europe West Managing Partner-elect, will lead the expanded geographic Region that will be set up with effect from 1 July 2021, subject to regulatory consultations.
Marcel van Loo has more than 30 years’ experience within professional services and as the current EY EMEIA Financial Services Regional Managing Partner, Marcel is recognized as a thought leader on assurance and consulting topics. Prior to that, he was Ernst & Young Nederland LLP Chairman and he has held various other leadership positions. During his career, he spent 10 years outside his home country, The Netherlands, in Belgium, the US and the UK, making him the ideal leader of a region spanning 25 countries.
Julie Teigland, EY EMEIA Area Managing Partner, says:
“Europe West is a critical step in executing the EY NextWave strategy. We’re responding to the needs of EY clients so EY teams can serve them seamlessly across 10 European markets alongside several African countries. More than 40% of EY trade flows come from interregional client activity. More collaboration will enable us to bring the best to EY clients. At the same time, this new Region will offer further multicountry experiences and opportunities to EY people, a benefit for both current and future talent. I’m delighted that Marcel is taking on this role as part of our commitment to building a better working world.”
The European Commission’s Winter 2021 Economic Forecast projected that the Euro area economy will grow by 3.8% in 2021 and 2022 as pandemic containment measures ease. This optimism is reflected in the latest EY European Attractiveness Pulse Survey published in November 2020, which found investors are upbeat about Europe’s overall attractiveness in the next three years, with a three-fold increase in positive business sentiment compared to April 2020, at the height of the pandemic (from 8% in April to 21% in October). Further, the pandemic has put a spotlight on sustainability agendas and social priorities with 61% of respondents seeing the need to address falling employment levels and increased welfare needs.
Marcel van Loo says:
“I’m excited by the opportunity Europe West represents for both EY clients and stakeholders. By collaborating more closely across the Region, EY teams can provide even better and more streamlined services, while fulfilling our broader societal obligations to sustainability and creating long-term value. Europe West will be a diverse Region and I want to bring together every country within it, which I believe is crucial to our overall success. At a time when businesses are evolving, we are focused on providing innovative, high-quality services and solutions to help EY clients and people to reframe their future.”
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