EY Global Review 2015
EY Global Review 2015
2015
EY at a glance
2 4 6
38 50
42
46
EY at a glance
Under our Vision 2020 plans we are explicit about our purpose of
building a better working world, and this has given us great momentum
both inside and outside the organization. It has helped us engage with
our clients and guide our successful work on their complex issues; it has
also helped us attract, retain and motivate our people. We are proud of
this years results, which saw fast-paced growth across all of our service
lines and in each geographic area.
Tax
10.3%
US$7.5b
Advisory
17.6%
US$7.3b
TAS
15.5%
US$2.5b
2015 highlights
Growth
Emerging markets
Headcount
Percentage increase
in revenue.
11.6%
2
12.3%
212,000
Area growth
Americas
12.3%
US$12.7b
EMEIA
11.6%
US$11.8b
Asia-Pacific
11.2%
US$3.1b
Japan
4.6%
US$1.0b
Gender balance
31%
Top 3
350,000
Global review 2015
Asking better
questions
EY is committed to building a better working world.
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 work together to deliver on our promise
to all 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.
Watch
See what a better working world
looks like, and how were bringing
it to life:
ey.com/globalreview
Watch
Mark talks about the growth
achieved across our service lines
and geographies in 2015:
ey.com/globalreview
New hires
60,000
212,000
Global
disruptive
forces
Entrepreneurship
Globalization
Urbanization
Natural resources
Health care
Digital
12
24
16
28
20
32
Global review 2015 11
Entrepreneurship
Are entrepreneurs
born or made?
Many entrepreneurs share certain traits, but these
characteristics alone wont guarantee a successful
venture. Entrepreneurs also need an ecosystem,
supported by governments and businesses, geared
to their needs.
Read more here:
ey.com/megatrends #BetterQuestions
EY insight
Read more about our
recommendations on
entrepreneurial ecosystems at:
ey.com/lostgen
Helping companies
accelerate growth
For over three decades, weve
been helping companies accelerate
growth. We work with entrepreneurs
and leaders of the worlds fastestgrowing companies, combining
our insights and experience, our
global resources and our industry
capabilities to help them develop
unique and groundbreaking
approaches to achieve their
market leadership aspirations.
EY insight
For more information visit:
ey.com/acceleratinggrowth
Follow
Annette Kimmitt, EY Global Middle
Market Leader and Asia-Pacific
Accounts Leader:
@AnnetteKimmitt
A change in culture,
to one that promotes
entrepreneurs as
crucial job creators.
EY insight
For more information about how
we support entrepreneurs visit:
ey.com/entrepreneurship
Accelerating growth
Creating a win-win
EY insight
Find out how our Entrepreneurial
Winning Women program helps
high-potential women entrepreneurs
scale their businesses.
Going up
Entrepreneurial impact
Jump start
Globalization
US$56b
Out of Africa:
Rendani Neluvhalani
heads to the east
The EY Global Tax Desk
Network (GTDN) is staffed by tax
professionals, like me, in member
firms who provide advice and
guidance to clients on investments
in their jurisdictions.
In 2013, in response to the growing
demands of clients in Asia, I moved
from my home city of Johannesburg
in South Africa, to join the tax desk
of EY China in Beijing, to advise
clients in the AsiaPacific region
and particularly in China and Japan.
My colleagues on the desk include
EY professionals from Brazil
and Russia. I am the first point of
contact, operating in their time
zone, for Asian investors looking to
start or expand operations in Africa.
I provide lots of technical advice.
My role is to help guide local clients
through the complex tax issues
they face when engaged in trading in
Africa, including: global expansion;
business restructuring or operational
improvement of a business.
Although this is my primary remit,
it has become so much more than
this. Im a Tax professional, but in
Beijing I really feel Im representing
EY Africa across all business units.
And in fact it works the other way
as well I have become an extension
of the local EY member firm
teams in Africa too. So business
development and relationship
management have become part
of my role as well.
The combination of real-time
support and in-depth, broad tax
expertise is helping the GTDN
to bridge the gap for investors
between countries, continents
and regions.
EY insight
Find out more about our tax services:
ey.com/tax
29.2%
Year-on-year increase.
Loletta Chow
EY Global Leader, China Overseas
Investment Network
EY insight
Find out more:
ey.com/emergingmarkets
ey.com/COIN
Charging up GDP
Going East
Investing in research
Home grown
Urbanization
Bill Banks
EY Global Infrastructure Leader
City slickers
Gear change
EY insight
EYs Africa attractiveness survey
explores what it will take to drive
inclusive and sustainable growth
in Africa.
Adding jobs
Natural resources
Can growth
be green?
According to EYs analysis, Formula E a new
racing championship featuring single-seater
cars powered exclusively by electricity could
contribute to sales of an additional 77 million
electric vehicles by 2040 and prevent 900 million
tonnes of CO being released, proving that its
possible to deliver positive change for business
and the environment.
Read more here:
ey.com/megatrends #BetterQuestions
EY insight
Find out more:
ey.com/ccass
fiaformulae.com
Compliance
An increasing number of
international and national
protocols covering labor laws,
anti-bribery, environmental
performance and carbon
emissions mean that companies
face new compliance risks.
62%
76%
Operational
Freshwater shortages,
desertification and climate
change will lead to price
shocks and supply disruptions.
Companies must investigate
ways to remain resilient and
anticipate issues before
they become problems.
Reporting
Reputational
Consumers, empowered
through social media,
increasingly demand not just
traceability and transparency
but also an ethical stance on
labor and human rights issues.
EY insight
For more information download
our report, Tomorrows investment
rules 2.0 via:
ey.com/ccass
Thirsty
Energy supply
Carbon free
EY insight
For more information read
our report, Shifting the carbon
pricing debate via:
ey.com/ccass
Health care
Health insurance
for Health 2.0
To remain relevant in Health 2.0,
health insurers will need new
business models that are patientcentric, behaviorally driven,
grounded in pay-for-performance,
and empowered by mobile health
and data analytics.
In 2015, EY launched a new service
Health insurer of the future to
help clients build a new business
model that approaches health
insurance in a fundamentally
different way. This model
transforms insurance from a
short-term contractual relationship
to a longer-term collaborative one
by laying the foundation for ongoing
engagement with customers.
The model is powered by mobilehealth (m-health) technologies,
which help influence customer
behavior and also generate valuable
data. It is delivered by a consortium
of health care-related entities
including providers, patient groups,
m-health companies and retailers
that collaborate to improve
outcomes and share success.
This model allows the insurer and
its partners to create best-in-class
health data an extremely valuable
asset in increasingly outcomesfocused health care systems.
Most importantly, the model
recognizes that the health insurer
of the future will need to be in a
very different core business. So far,
insurers have been in the business
of pricing and underwriting risk
risk that has been static and,
unfortunately, quantified using
relatively little information.
With this new approach, the insurer
would leapfrog the competition and
enter a very different business not
just pricing and underwriting risk,
but influencing and reducing risk
as well, and doing so with a much
better understanding of customers
behaviors and risk factors.
About EY
Health services
EY Health services include 4,000
member firm professionals with
a range of backgrounds: chief
executives of departments of health,
clinicians, hospital administrators,
accountants and policy advisors.
These professionals work closely
with colleagues in other sectors
life sciences, technology,
telecommunications, insurance
and consumer products to help
organizations manage costs
and improve efficiency, use big
data and analytics to improve health
services management, and help
develop new business models.
EY insight
Find out more:
ey.com/health
Jacques Mulder
EY Global Health Leader
Mobile health
Increased pulse
Branching out
Digital
Is your business
strategy fit for
a digital world?
Digital technology isnt merely enhancing
todays businesses. Its driving transformation
to a digital future that will be a new, virtually
unrecognizable world.
Read more here:
ey.com/megatrends #BetterQuestions
Investing in technology
in EY
EY Technology
Industry services
EY insight
Download the report, 3D printing taxation
issues and insights via:
ey.com/technology
All systems go
Zettabytes
EY insight
Find out how to make the
most of this data:
ey.com/analytics
Cybersecurity
Virtual communities
Adapting
to a world
in motion
The investments we are making in our
organization in our people, services,
technology and innovation enable us to
remain close to our clients issues and have
a positive impact on our wider community.
Talent
Corporate
responsibility
Assurance
Assurance is committed to
innovating new services, delivering
exceptional client service and
continuing to protect and serve
the public interest and safeguard
the long-term reputation and
sustainability of the audit profession.
38
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Tax
Advisory
47
48
49
Talent
A job?
Or a lifetime
experience?
Working at EY is more than a job. Our promise to all
our people is: Whenever you join, however long you
stay, the exceptional EY experience lasts a lifetime.
#LegacyBuilders
When people eventually leave EY, their lifetime experience continues. We are proud of
the more than 800,000 EY alumni who today
are excelling in business, government and
academia and who remain connected to the
EY family through our global alumni program.
Nancy Altobello
EY Global Vice Chair Talent
Investment
8.2m hours
88 countries
Leadership at EY
onal leadership
Pers
performing te
am
hest
s
Hig
Team leadership
Shared vision
Right mix
Quality results
Business acumen
Business development
Innovation
lc
wi
se
rv
ic
Pr
nt
nn
li e
he market
Connected
Responsive
Insightful
in t
Business
leadership
ona
Client
leadership
in g
Excepti
Leadership at EY
is grounded in our
values, commitment
to technical excellence
and inclusiveness and
our purpose of building
a better working world.
EY alumni
ese
c
Fo
n ce
V i ta l i t y
li
Agi
us
ty
800,000+
Awards
In 2015 we were recognized by
94,000 business students in
Universums annual survey as
one of the top 3 most attractive
employers in the world, for the
third year running.
Around the world EY member firms
have also been recognized by:
Great Place to Works Worlds
Top 25 Best Multinational
Workplaces the only one
of the Big 4 to be listed
Corporate responsibility
Time
US$60m
350,000
Empowering local
entrepreneurs to
save lives
According to the World Health
Organization, unclean water used
for drinking and cooking causes
115 deaths every hour in Africa.
With operations in Uganda, Rwanda,
Democratic Republic of Congo and
Kenya, a promising small business,
Jibu, is aiming to put a huge dent
in that number. Co-founded by
a father and son team from the
United States, Jibu wants to help
one million people gain access to
clean drinking water in five years.
Jibu means solution in Swahili
and its solution is an ingenious
business model a franchise
operation that empowers local
entrepreneurs to run street-front
shops, using water treatment
equipment to produce clean, locally
sourced water and make it available
to their communities at a fraction
of the price of other bottled water.
As part of the EY Enterprise Growth
Services (EGS) program, an EY
professional from Switzerland spent
five months in Uganda. Working
with the local EY member firm, he
helped the Jibu team to design and
implement the kind of financial and
operational metrics and controls
that will be essential to supporting
the businesss continued rapid
expansion.
EGS filled a skillset and experience
gap that was crippling our capacity
to grow, says Galen Welsh, CEO,
Jibu. For the first time, were able
to make management and business
model decisions that we were
previously making blindly.
EGSs corporate social enterprise
model brings the best of EY to
organizations that wouldnt
ordinarily be able to work with us.
In two years, EGS teams have
supported 27 social-impact
businesses across the world.
Jon Shepard, Director, EGS says:
Growing a business to support
people in poverty is tough work.
The entrepreneurs we work with
have vision and work hard, and
its a privilege to help them.
Safa Razeghi
Manager, Advisory
EY insight
For more information visit:
ey.com/egs
jibu.org
Assurance
Sub-service lines:
Climate Change and
Sustainability Services
Financial Accounting
and Advisory Services
Financial Statement Audit
Fraud Investigation &
Dispute Services
EY insight
For more information visit:
ey.com/assurance
US$11.3b
Assurance professionals
76,760
Felice Persico
EY Global Vice Chair
Assurance
Tax
Sub-service lines:
Business Tax Services
Global Compliance and Reporting
Indirect Tax
International Tax Services
People Advisory Services
Transaction Tax
EY insight
For more information visit:
ey.com/tax
US$7.5b
Tax professionals
43,182
Jay Nibbe
EY Global Vice Chair
Tax
@JayNibbe
Advisory
Sub-service lines
Performance Improvement
People Advisory Services
Risk
EY insight
For more information visit:
ey.com/advisory
US$7.3b
Advisory professionals
41,623
Norman Lonergan
EY Global Vice Chair
Advisory
Transaction
Advisory Services
Sub-service lines:
Capital Transformation
Transaction Support
Transaction Tax
US$2.5b
TAS professionals
10,728
Pip McCrostie
EY Global Vice Chair
Transaction Advisory Services
@PipMcCrostie
Facts
and
figures
Leadership team
Locations
52
55
54
56
58
Leadership team
EY Global Executive
Americas
EMEIA
Mark A. Weinberger
Steve Howe
Mark Otty
Carmine Di Sibio
Trent Henry
Ajen Sita
Lou Pagnutti
Kelly Grier
Rudi Braes
Beth Brooke-Marciniak
Anthony Caterino
Jacek Kedzior
Nancy Altobello
Ronen Barel
Joe Watt
David Holtze
Francisco lvarez
Andy Baldwin
Felice Persico
Scott Halliday
Jean-Pierre Letartre
Norman Lonergan
Jorge Menegassi
Jay Nibbe
Karole Lloyd
Rajiv Memani
Pip McCrostie
Randy Cain
Donato Iacovone
Steve Howe
Kay Matthews
Abdulaziz Al-Sowailim
Canada
Central (US)
Financial Services Organization
Israel
Southeast (US)
Southwest (US)
West (US)
Africa
BeNe
India
Mediterranean
MENA
Steven Phan
Erik Mamelund
Mark Otty
Steve Varley
Nordics
UK&I
Koichi Hanabusa
Uschi Schreiber
Rajiv Memani
Albert Ng
Juliana Pereira
Client-serving partner
Asia-Pacific
Japan
Industry
Steven Phan
Koichi Hanabusa
Alison Kay
Max Loh
Randy Miller
Gary Hwa
Bill Schlich
Albert Ng
Kristina Rogers
George Atalla
Tony Johnson
Jacques Mulder
Asean
Oceania
Shaun Crawford
Insurance
Glen Giovannetti
Life Sciences
John Nendick
Miguel Zweig
Adi Karev
Oil & Gas
Benoit Laclau
Jeff Bunder
Private Equity
Howard Roth
Patrick Hyek
Technology
Prashant Singhal
Telecommunications
Mike Lee
Albert Anelli
Alexey Loza
Vincent De La Bachelerie
Georg Lutz
Torben Bender
Klaus Mangold
Andreas Blumer
Lucy Myres
Kreesen Naidu
Steve Brown
Samar Obaid
Cliff Cammock
Mark Olson
Beth Carr
Torsdon Poon
Vincent Chan
Geoffrey Choi
CK Chow
Andy Rusnak
Olivier Drion
Chen Shein
Laura Giovacco
Penny Stocks
Shyamala Gopinath
Oscar Suarez
Tarsicio Guevara
Wilson P Tan
Diana Hoff
Koichi Tsuji
Sonu Iyer
Andrea Weichert
Guntars Krols
Ute Witt
Richard Lambert
Masahiko Yamauchi
Canada
Russia
France
Denmark
Germany
Switzerland
UK
USA
USA
South Africa
Jordan
USA
USA
USA
USA
Spain
China
The Netherlands
USA
France
Israel
USA
UK
India
Mexico
USA
Philippines
USA
Japan
India
Australia
Korea
Brazil
Latvia
Germany
UK
Presiding Partner
Switzerland
Japan
Independent Non-Executive
Revenue
People
US$m
Area
% Change
Area
FY15
FY14
US$
local currency
Americas
12,701
11,542
10.0%
12.3%
Americas
EMEIA
11,815
11,780
0.3%
11.6%
EMEIA
Asia-Pacific
Asia-Pacific
3,127
2,949
6.0%
11.2%
Japan
1,012
1,098
(7.8%)
4.6%
28,655
27,369
4.7%
11.6%
Total
Service line
FY14
US$
local currency
11,348
11,277
0.6%
8.1%
Tax
7,487
7,224
3.6%
Advisory
7,285
6,526
2,535
28,655
TAS
Total
Total
FY14
58,411
% Change
12.1%
102,176
90,564
12.8%
36,116
32,051
12.7%
7,701
7,266
6.0%
211,450
188,292
12.3%
% Change
FY15
Assurance
Japan
FY15
65,457
Service line
FY15
FY14
% Change
Assurance
76,760
69,547
10.4%
10.3%
Tax
43,182
38,170
13.1%
11.6%
17.6%
Advisory
41,623
34,534
20.5%
2,342
8.2%
15.5%
TAS
10,728
9,311
15.2%
27,369
4.7%
11.6%
Practice support
39,157
36,730
6.6%
211,450
188,292
12.3%
Total
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 financial year.
Audit clients
21.2%
Non-audit clients
56.4%
Fortune
Global 500
All other
companies
in the index
22.4%
Audit clients
23.5%
Non-audit clients
40.5%
Forbes
Global 2000
All other
companies
in the index
34.2%
Locations
Americas
US$12,701m
EMEIA
US$11,815m
Asia-Pacific
US$3,127m
Japan
US$
1,012m
People by Area
Total
211,450
Up 12.3%
Americas
65,457
Up 12.1%
EMEIA
102,176
Up 12.8%
Asia-Pacific
36,116
Up 12.7%
Japan
7,701
Up 6.0%
Global review 2015 57
EMEIA
Canada
Africa
Central (US)
Financial Services
Organization
Bahamas
Bermuda
British Virgin Islands
Cayman Islands
United States
Israel
Mexico and
Central America
Costa Rica
Dominican Republic
El Salvador
Guatemala
Honduras
Mexico
Nicaragua
Panama
Northeast (US)
South America
Argentina
Bolivia
Brazil
Chile
Colombia
Ecuador
Paraguay
Peru
Uruguay
Venezuela
Southeast (US)
Aruba
Barbados
Curaao
Jamaica
Trinidad and Tobago
Southwest (US)
West (US)
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
Asia-Pacific
CIS
Armenia
Azerbaijan
Belarus
Georgia
Kazakhstan
Kyrgyz Republic
Russia
Ukraine
Uzbekistan
Financial Services
Organization
FraMaLux
Algeria
France
Luxembourg
Monaco
Morocco
Tunisia
GSA
Austria
Germany
Liechtenstein
Switzerland
India
Bangladesh
India
Mediterranean
Belgium
Netherlands
Italy
Portugal
Spain
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
Japan
Asean
Brunei
Cambodia
Guam
Indonesia
Laos
Malaysia
Maldives
Myanmar
N. Mariana Islands
Philippines
Singapore
Sri Lanka
Thailand
Vietnam
Financial Services
Organization
Greater China
Mainland China
Hong Kong
Macau
Mongolia
Taiwan
Korea
Oceania
Australia
Fiji
New Zealand
Papua New Guinea
Afghanistan
Bahrain
Egypt
Iraq
Jordan
Kuwait
Lebanon
Libya
Oman
Pakistan
Palestinian Authority
Qatar
Saudi Arabia
Syria
United Arab Emirates
Nordics
Denmark
Finland
Iceland
Norway
Sweden
UK & Ireland
Republic of Ireland
United Kingdom
Americas
EY
ey.com