EY has integrated the existing Asia Pacific and Japan geographic areas in a bid to enhance customer service capabilities across the region.
The move creates a combined entity housing more than 51,500 staff and 2,800 partners across 23 countries, with revenues of US$5.3 billion.
Following the integration, Patrick Winter - managing partner of Asia Pacific at EY - will lead the expanded geographic area that will take effect from 1 July 2019.
“Globalisation, sector convergence and technological change are all impacting EY clients in a way we have never seen before,” Winter said.
“As EY clients continue to transform their organisations to seize the upside of disruption, EY teams must be positioned to help offer globally connected solutions and services for these increasingly global needs.”
According to Winter, the integration “further strengthens” the regional credentials of EY across key sectors such as technology, financial services, energy, consumer products, automotive and healthcare.
Furthermore, the integration aims to provide customers with “greater access to the depth of EY knowledge, experience and connections” across Asia Pacific.
“EY is a highly connected professional services organisation and the integration of EY Asia Pacific and EY Japan geographic areas represents a step-change in how EY teams will provide services to EY clients in Asia Pacific,” Winter added.
“This move will help EY professionals bring new solutions to clients faster, assemble broader and more experienced teams, continue to lead on audit quality through connected teams of over 80,000 auditors across the globe and invest in EY services to benefit EY clients on a broader scale.”
EY Japan currently employs around 7,800 people, offering a broad range of services to customers across 17 cities and nine sectors.
During FY18, the division generated revenue of US$1.1 billion for the financial year ended June 2018.
“In recent years, the countries of the Asia Pacific region have become Japan’s biggest trading partners and many EY Japan clients view the region as a strategically important market with significant economic growth potential,” added Scott Halliday, managing partner of EY Japan.
“The integration will strengthen the EY Japan position in Asia Pacific and help enable EY Japan to cooperate more closely with not only the EY Asia Pacific geographic area as whole, but also EY member firms’ offices globally, creating a stronger, more seamless service for EY clients across countries and regions.”