EY has appointed Omar Ali as its new EY Europe, Middle East, India and Africa (EY EMEIA) Financial Services Leader, effective 1 July 2021. Omar takes over from Marcel Van Loo, who has led the EY EMEIA Financial Services business since 2016 and will assume the role of Leader for the EY’s new Europe West region.
In his new role, Omar will oversee US$3.3 billion of EY financial services businesses across 18 EMEIA markets, lead more than 14,000 people and assume responsibility for some of the EY’s most important clients.
Omar is currently EY’s EMEIA Financial Services Client Services Leader, a position he has held since September 2020, where he is responsible for market activity across Banking, Insurance, and Wealth and Asset Management in 18 markets. Prior to this, Omar led EY’s UK Financial Services business, from 2015 to 2020.
Commenting on Omar’s appointment, Julie Linn Teigland, EY EMEIA Area Managing Partner, said: “Omar has long demonstrated uncompromised integrity, outstanding business acumen and a natural ability to lead high-performing, cross-border teams. I have every confidence that Omar and the entire EMEIA Financial Services team will continue providing exceptional service to EY clients to help them transform and grow their businesses post-pandemic.”
Commenting on his appointment, Omar Ali said: “It’s an honour to be asked to lead this outstanding team to provide exceptional service to our financial services clients. The one constant in the financial services industry is change, and lots of it, and in such a dynamic environment there are huge growth opportunities for our clients. In a complex world, our job is to help our financial services clients deliver long-term value, by helping them to reimagine their business, operate safely, simply compliantly and in ways that work better for themselves, their customers, investors and the societies they serve.”
Omar joined EY in 2001, becoming a Partner in 2006. In addition to his role at EY, he is a Board Member at TheCityUK, where he chairs the Long-Term Competitiveness Group. He is a member of the UK Department for International Trade’s Financial Services Trade Advisory Group. He recently led the International Attractiveness and Competitiveness workstream of UK Treasury’s FinTech Strategic Review and The Recapitalisation Programme on behalf of TheCityUK.
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