Ernst & Young to merge 87 firms
At eight o’clock this morning Ernst & Young announced that its Northern European, Middle East, Indian and Asian firms will merge into a single entity. The new unit, which Ernst & Young refer to as “EMEIA”, will be led by a single executive team and, where allowed by laws and regulations, follow the same codes of practice. It will be headed by current UK chairman Mark Otty.
EMEIA will employ over 60,000 people and have a turnover in excess of £5.5 billion.