EY opens four new Centers of Excellence in Singapore to help companies accelerate business performance and digital transformation

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  • Centers to offer business transformation strategy, cyber security, analytics and manufacturing capabilities across Asia-Pacific region
  • Singapore-based hub to contribute to industry capability development

SINGAPORE, 15 MARCH 2016 – Professional services organization EY today launched four Centers of Excellence to provide innovative services in digital business transformation strategy, cyber security, analytics and manufacturing to companies in the Asia-Pacific region. This was announced at the EY forum entitled “Mega trends for 2016 and beyond: analytics, cyber security and productivity,” which was held at the Raffles Hotel in Singapore today.

The four centers – the Asia-Pacific Advisory Center; Asia-Pacific Center of Excellence for Analytics; Asia-Pacific Center of Excellence for Cyber Security; and Asia-Pacific Center of Excellence for Manufacturing – represent EY’s commitment to a multi-million dollar, multi-year investment in Singapore.

Max Loh, Asean and Singapore Managing Partner, EY, says:
“Singapore is a strategic gateway to the Asia-Pacific region, underpinned by strong economic fundamentals, trade connectivity, pro-business values and a strategic transformation vision to be a value-creating economy. The country provides a choice environment for our Centers to continually capitalize on and develop the right talent and innovative approaches, and this is also where we see the confluence and intersections of our client’s business interests.”

Kelvin Wong, assistant managing director at the Singapore Economic Development Board (EDB), adds:
“With the continued growth of Asia and technological disruptions, Singapore is an ideal platform where key decision-makers based in Asia can seek sophisticated professional services and collaborate with partners who can help them chart their growth strategies and mitigate risks. We welcome the establishment of EY’s Centers of Excellence in Advisory, Analytics, Cyber Security and Manufacturing. These Centers will further consolidate Singapore’s position as a hub of subject matter expertise and capabilities that can address the complex needs of business leaders in the region.”

Paul Clark, Asia-Pacific Advisory Managing Partner, EY, says:
“We live in an age of where digital is transforming everything we do.  These Centers of Excellence are part of our commitment and our global strategy in Advisory to enable our clients to solve complex issues around digital, which is disrupting their businesses and markets. We are continuing to expand our global footprint with Centers that enable clients to work side by side with us, delivering new services and capabilities as we help them explore innovative ways of doing business in the disruptive digital age.”

Industry-leading experience and skills
EY professionals at the Centers have industry-leading experience and skills in the areas of analytics, cyber and information security and manufacturing excellence. They will deliver integrated capabilities and industry insights in supply chain strategy, procurement, operating models, risk and finance transformation, and people and organization change. It will serve both global and regional multinational companies with large and complex Asia-Pacific-wide transformation projects.

Jonathan Wright, Partner and Leader for the EY Asia-Pacific Advisory Center, Ernst & Young Advisory Pte. Ltd. says:
“The Asia-Pacific Advisory Center and other Centers of Excellence provide a strategic and connected platform to build the integrated approaches that clients are increasingly asking for. Our clients will benefit from the enormous advantage of being able to leverage the skills, knowledge and networks of EY across Asia-Pacific and globally, as well as the specific market insights that are tailored to companies needs in their local operations.”

The Asia-Pacific Centers of Excellence will be connected with EY’s global team of more than 43,000 client-serving Advisory professionals worldwide to deliver a seamless, global experience for clients.

In addition to Wright, the Centers will be led by: Sunny Chu, EY’s Asia-Pacific Analytics Leader (Center of Excellence for Analytics); Paul O’Rourke, EY’s Asia-Pacific Cyber Security Leader (Center of Excellence for Cyber Security); and Tad Carmody, EY’s Asia-Pacific Leader for Supply Chain Manufacturing and Productivity (Center of Excellence for Manufacturing).

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Notes to editors

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 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 ey.com.

This news release has been issued by Ernst & Young Advisory Pte. Ltd., a member of the global EY organization.

About the Centers of Excellence

Advisory Center
The Asia-Pacific Advisory Center will serve clients with large and complex Asia-Pacific-wide transformation projects, focusing on both global and regional multinational companies. The Center will build out key skills and industry approaches to support our clients through digital disruption, growth and change.

Analytics
The EY Asia-Pacific Center of Excellence for Analytics will enable companies to draw actionable insights from data, use it to help improve business performance, and proactively manage risk. The Center will help EY clients grow, optimize and protect their business. It complements EY’s earlier investment in its Global Analytics Center of Excellence, which represents EY’s multi-year, US$500m commitment to analytics.

Cyber Security
In EY’s Global Information Security Survey 2015, 36% of global respondents said that it is unlikely they would be able to detect a sophisticated attack. The EY Asia-Pacific Center of Excellence for Cyber Security will help companies develop competency against cyber threats. It will also operate as a security training, certification and innovation lab to help professionals develop technical expertise, assisting to address a fundamental problem of cyber skills shortage in the market.

Manufacturing

The EY Asia-Pacific Center of Excellence for Manufacturing will help manufacturing companies embark on a performance improvement journey or leverage an integrated work system to improve productivity, protect margins, increase return on assets and enable growth through innovation This Center is one of the first facilities in the Asia-Pacific region offering this service.