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Latest News

EY Transaction Advisory Services Unifies Infrastructure and Appoints New Leadership

The goal is to provide holistic services to public and private-sector clients who are developing, financing, operating, transforming, acquiring or divesting infrastructure.

Originally Published by EY.

EY Transaction Advisory Services (TAS) has announced an initiative to unify its infrastructure capabilities across practices in the Americas and appointed new leadership. TAS's consolidated Americas revenues exceeded $2b in FY18 and the EY infrastructure offerings will be a key area of investment going forward. Mike Parker, former head of Ernst & Young Infrastructure Advisors, LLC (EYIA), will serve as the EY Americas Infrastructure Leader and Connie Cassidy, a senior transaction diligence partner, will lead Infrastructure Private Equity in the Americas. Tom Rousakis, Senior Managing Director, EYIA, will succeed Parker.


"The way infrastructure is defined, financed and executed continues to evolve. Being nimble enough to align our offerings to the direction of the market is what differentiates us in this space," said Bill Casey, EY Americas Vice Chair, Transaction Advisory Services. "Today, infrastructure clients from governments to private equity, sovereign and pension investors are seeking a wide range of professional services and management consulting capabilities that reflects the breadth of their ambitions, and they want the delivery of those resources in a fully integrated manner."

EY will enhance client service by leveraging experience and facilitating innovation across sectors, types of infrastructure and the life cycle of infrastructure investments. Other key objectives are to encourage multidisciplinary collaboration and create new career opportunities and mobility.

EY TAS's approach underscores how infrastructure is increasingly seen as a critical part of broader systems and environments, particularly among investors and public owners who situate a wide range of infrastructure projects within a common portfolio.

TAS professionals currently advise many of the world's leading infrastructure investors, as well as public-sector owners, developing billions of dollars of new projects, including EYIA's recently announced role with the Gateway Program.

Teams will leverage a wide range of experience to deliver unified services

Parker has advised public and private sector clients on finance, procurement, strategy and public-private partnerships for tens of billions of dollars of infrastructure. He is now responsible for bringing the full breadth of EY resources and cutting-edge capabilities in the Americas to serve clients.

Cassidy has over 15 years of industry experience and has advised the world's largest and most sophisticated infrastructure investors on transformative transactions, experience she will leverage as she guides the expansion of TAS's infrastructure capabilities for PE, pension and sovereign wealth funds within the broader infrastructure initiative.

Rousakis is regarded as a leader on the finance and development of new infrastructure in the US market. He joined the EY organization in 2013 from Goldman Sachs, where he co-led the Transportation and P3 efforts of its public finance practice.

The Conversation

EY Survey: Opportunity for Private Equity to Prosper, but Margin Concerns Remain

Outsourcing is touted as one of the key ways that firms can address margin compression; CFOs note talent management, especially gender and cultural diversity, as a top priority.

Originally Published by EY.

Private equity chief financial officers (CFOs) reported another year of unprecedented growth of their firms but are still struggling to overcome operational issues that are dramatically eroding their margins, according to the EY 2019 Global Private Equity Survey, How do you see the opportunity in your obstacles?

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EY: Millennial Outlook Tempered Despite Strong U.S. Economy

EY releases results of second national poll exploring millennial views on economic future, including business, career prospects and student debt.

Originally Published by EY.

Ernst & Young LLP (EY) released the results of a survey of Millennials across the country, highlighting how the generation has defined itself a decade after the Great Recession. The results reveal that while Millennials are progressing more quickly than they were just a few years ago, they are still risk averse – delaying home ownership, marriage and new business endeavors – and uncertain about their economic future as they manage high levels of student debt and costs of living.

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Former FBI Executive Assistant Director Carl Ghattas Joins the EY Government & Public Sector Advisory Practice

"I was drawn to EY because of the firm's commitment to a set of core values similar to those which framed my years of service in the FBI."

Originally Published by EY.

Ernst & Young LLP (EY) announced that former FBI Executive Assistant Director Carl Ghattas has joined the firm as an Executive Director in the Government & Public Sector Advisory practice. Carl retired from the FBI after 21 years of service, culminating in his duties as the Executive Assistant Director (EAD) of the FBI's National Security Branch from February 2017 to July 2018.

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EY Explores Belonging in the Workplace, with New Belonging Barometer Study

Research uncovers that workers prefer check-ins and personal connections over facetime with senior leadership.

Originally Published by EY.

While today's social climate has been associated with controversy and disagreements, it also seems to be banding people together in a more positive way – surprisingly at work. Regardless of background, gender, sexual orientation or race, individuals are coming together in search of a sense of community and belonging, with many expecting and finding it within the workplace. In fact, in the context of work, research shows that when people feel like they belong, they are more productive, motivated and engaged as well as 3.5 times more likely to contribute to their full, innovative potential.

The new EY "Belonging Barometer" study uncovers how more than 1,000 employed adult Americans define belonging, what makes them feel like they belong at work and what makes them feel excluded in the workplace.

Key finding one: Diversity and Belonging are Workplace Expectations

Nearly half of American workers believe that diversity is best represented at work and over a third feel the greatest sense of belonging at work.

  • Forty-five percent of respondents believe that diversity is best represented at their place of work
  • Second only to home (62 percent), one third (34 percent) of respondents feel the greatest sense of belonging at work, ahead of their physical neighborhood (19 percent) and place of worship (17 percent)
  • When asked in what ways do you feel like you belong at work:
    • More than half (56 percent) of respondents feel they belong most at work when they feel trusted and respected, with baby boomers feeling this way the most at 63 percent, compared to Gen X at 56 percent and millennials at 53 percent
    • Thirty-nine percent of respondents feel they belong most at work when they have the ability to speak freely and voice their opinion
    • One third (34 percent) feel they belong most at work when their unique contributions are valued, with White respondents agreeing the most at 36 percent, followed by Black respondents at 31 percent and Hispanic respondents at 27 percent

Key finding two: Regular Check-ins Prevent Workers from Checking Out
Thirty-nine percent of respondents say that when colleagues check in with them about how they are doing both personally and professionally, they feel the greatest sense of belonging at work.

  • 44 percent of women and 33 percent of men agree
  • This response was most popular across all generations, with 35 percent of millennials, 40 percent of Gen X and 45 percent of baby boomers agreeing
  • Across all generations, the "check-in" took priority over actions such as public recognition (23 percent), being invited to out of office events (20 percent), being asked to join a meeting with senior leaders (14 percent) and being included on emails with senior leaders (9 percent)

Key finding three: Is Exclusion a Form of Bullying? Women Seem to Think So
The majority of women (61 percent) believe that exclusion is a form of bullying in the workplace, the majority of men (53 percent) believe it is not.

  • More than half (54 percent) of all respondents believe that exclusion is a form of bullying at work, 46 percent do not
  • 68 percent of the LGBTQ community believe that exclusion is a form of bullying
  • Fifty seven percent of Latino respondents believe that exclusion is a form of bullying, compared to 53 percent of White respondents and half (50 percent) of Black respondents
  • Generationally, nearly half of millennials (48 percent) feel the strongest that exclusion is nota form of bullying, compared to 46 percent of Gen X and 44 percent of baby boomers

Key finding four: The Emotional Barometer: Social Exclusion Makes People Feel Physically Ignored, Stressed, Sad and Even Angry
When social exclusion happens at work, people feel physically and emotionally isolated. More than 40 percent of respondents across generations and genders feel physically alone, or in other words, ignored. Others also experience feelings of stress (26 percent of males) and sadness (28 percent of women).

  • Generationally:
    • Millennials are most likely to feel ignored (38 percent), stressed (30 percent) and lonely (24 percent)
    • Gen X are most likely to feel ignored (41 percent), stressed (27 percent) and sad (26 percent)
    • Baby boomers are most likely to feel ignored (45 percent), angry (26 percent), stressed (21 percent) and sad (21 percent)
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EY: Over Half of US Executives Plan to Pursue M&A Amid Steady Economic Growth and Heightened Geopolitical Uncertainty

Tapping new markets, navigating trade policy, and adapting to new customer behaviors are cited as top strategic drivers for M&A.

Originally Published by EY.

Encouraged by strong economic conditions in the US, but cognizant of a changing global business and political landscape, 51% of US business executives intend to pursue M&A over the next 12 months, while 54% expect an increase in their deal pipelines over the same time period, according to Ernst & Young LLP's (EY) twice-annual Capital Confidence Barometer (CCB).

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Retired US Army General Dan Allyn Joins the Ernst & Young LLP Government & Public Sector Advisory Practice

Allyn learned very early as an Army leader that the only true legacy one leaves behind are the leaders you help coach, teach, mentor and develop along the journey.

Originally Published by EY.

Ernst & Young LLP (EY) announced that former US Army Vice Chief of Staff, General (Retired) Dan Allyn, has joined the firm as an Executive Director in the Government & Public Sector Advisory practice. Dan retired from the Army after 36 years of service, culminating in his duties as the 35th Vice Chief of Staff of the Army (VCSA), from 2014 to 2017.

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