Carmine Di Sibio EY Global Chairman & CEO
Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more



This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $3 billion.










EY Split of Audit & Consulting Business Cancelled Due to Internal Disagreements, Potential IPO Plans & Partners to Receive $8 Million Including Shares of New Consulting Business

13th April 2023 | Hong Kong

EY planned split of Audit business & Consulting business had been cancelled due to internal disagreements.  In March 2023, EY CEO Carmine Di Sibio had assured the split will go through.  In 2022 September, EY was expected to approve the proposal to split the accounting firm and consulting firm to reduce conflict of interest and to accelerate respective business growth, with the final decision to take place in early 2023 with potential IPO plans, and EY partners may receive $8 million including shares of the new consulting business. The new EY consulting business will hold around 60% of revenue, and audit will hold around 40% of revenue.  With the split, the consulting business may go publicly listed with estimated market value of around $10 billion, with equities being distributed to EY partners and EY employees.   More info below. 

“ EY Split of Audit & Consulting Business Cancelled Due to Internal Disagreements, Potential IPO Plans & Partners to Receive $8 Million Including Shares of New Consulting Business “

 



- Article continues below -



Sign Up
Basic Member: $5 Monthly | $60 Yearly
Newsletter Daily 2 pm (Promo): $20 Monthly | $180 Yearly (FP: $680)


The 2024 Investment Day
6th March Hong Kong | 13th March Singapore

Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Taking place on 6th March 2024 in Hong Kong, 13th March 2024 in Singapore.
Visit | Register here


The 2024 Family Office Summit
10th April Hong Kong | 24th April Singapore

Join 100+ single family offices & family office professionals in Hong Kong & Singapore
Links: 2024 Family Office Summit | Register here





 

EY Split of Audit & Consulting Business Paused Due to Internal Disagreements But EY CEO Carmine Di Sibio Assures Split Will Go Through, Final Decision Targeted in 2023 with Potential IPO Plans & Partners to Receive $8 Million Including Shares of New Consulting Business

Carmine Di Sibio EY Global Chairman & CEO

11th March 2023 – EY planned split of Audit business & Consulting business had “paused” due to internal disagreements but EY CEO Carmine Di Sibio assures the split will go through.  In 2022 September, EY was expected to approve the proposal to split the accounting firm and consulting firm to reduce conflict of interest and to accelerate respective business growth, with the final decision to take place in early 2023 with potential IPO plans, and EY partners may receive $8 million including shares of the new consulting business. The new EY consulting business will hold around 60% of revenue, and audit will hold around 40% of revenue.  With the split, the consulting business may go publicly listed with estimated market value of around $10 billion, with equities being distributed to EY partners and EY employees.   More info below.

 

 

EY Expected to Approve Proposal to Split Audit & Consulting Services with Final Decision in Early 2023 with Potential IPO Plans, Partners to Receive $8 Million Including Shares of New Consulting Business

9th September 2022 – EY is expected to approve the proposal to split the accounting firm and consulting firm to reduce conflict of interest and to accelerate respective business growth, with the final decision to take place in early 2023 with potential IPO plans and EY partners may receive $8 million including shares of the new consulting business. The new EY consulting business will hold around 60% of revenue, and audit will hold around 40% of revenue.  With the split, the consulting business may go publicly listed with estimated market value of around $10 billion, with equities being distributed to EY partners and EY employees.  EY has 13,000 partners and around 312,000 employees globally.   EY is one of the world’s largest accounting firm and one of the Big 4 accounting firm alongside Deloitte, KPMW & PwC, has around 312,000 employees globally.




Managing $20 million to $3 billion. Investing $3 million to $300 million.
For Investment Managers, Hedge Funds, Boutique Funds, Private Equity, Venture Capital, Professional Investors, Family Offices, Private Bankers & Advisors, sign up today. Subscribe to Caproasia and receive the latest news, data, insights & reports, events & programs daily at 2 pm.

Join Events & Find Services
Join Investments, Private Wealth, Family Office events in Hong Kong, Singapore, Asia-wide. Find hard-to-find $3 million to $300 million financial & investment services at The Financial Centre | TFC. Find financial, investment, private wealth, family office, real estate, luxury investments, citizenship, law firms & more.  List hard-to-find financial & private wealth services.

Have a product launch? Promote a product or service? List your service at The Financial Centre | TFC. Join interviews & editorial and be featured on Caproasia.com or join Investments, Private Wealth, Family Office events. Contact us at [email protected] or [email protected]

Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?



Quick Links


2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM


For Investors | Professionals | Executives
Latest data, reports, insights, news, events & programs
Everyday at 2 pm
Direct to your inbox
Save 2 to 8 hours per week. Organised for success

Register Below

For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors

Get Ahead in 60 Seconds. Join 10,000 +
Save 2 to 8 hours weekly. Organised for Success.

Sign Up / Register


    InvestorProfessionalFamily OfficeExecutive


    SubscriptionMembershipEvents


    Professional InvestorPrivate WealthFamily OfficePrivate BankingWealth ManagementInvestmentsAlternativesPrivate MarketsCapital MarketsESG & SICEO & EntrepreneursTax, Legal & RisksHNW & UHNWs Insights










    Web links may be disabled on mobile for security.
    Please click on desktop.










    Caproasia Users

    • Manage $20 million to $3 billion of assets
    • Invest $3 million to $300 million
    • Advise institutions, billionaires, UHNWs & HNWs

    Caproasia Platforms | 11,000 Investors & Advisors

    Monthly Roundtable & Networking

    Family Office Programs

    The 2024 Investment Day

    • March 2024 - Hong Kong
    • March 2024 - Singapore
    • June 2024 - Hong Kong
    • June 2024 - Singapore
    • Sept 2024 - Hong Kong
    • Sept 2024 - Singapore
    • Visit: The Investment Day | Register: Click here

    Caproasia Summits

    Contact Us

    For Enquiries, Membership
    [email protected], [email protected]

    For Listing, Subscription
    [email protected], [email protected]

    For Press Release, send to:
    [email protected]

    For Events & Webinars
    [email protected]

    For Media Kit, Advertising, Sponsorships, Partnerships
    [email protected]

    For Research, Data, Surveys, Reports
    [email protected]

    For General Enquiries
    [email protected]





    Caproasia | Driving the future of Asia
    a financial information technology co.
    since 2014




    Previous articleSoftbank to Sell Alibaba Shareholdings from 14.6% to 3.8%, Had Received $34 Billion Selling Alibaba in 2022 from 23.7% to 14.6% Shareholdings
    Next articleWealth Group AGBA to Buy Sony Life Financial Advisers in Singapore, Founded in 2017 Focusing on Japanese in Singapore and Clients in Singapore
    Caproasia.com covering capital markets, investments and private wealth in Asia. Our users manage, advise & invest $25 trillion assets in Asia