EY appoints Steve Krouskos as Global Vice Chair - Transaction Advisory Services

LONDON, May 18, 2016 /PRNewswire/ -- EY announces that Steve Krouskos has been appointed EY Global Vice Chair – Transaction Advisory Services (TAS), effective from 1 July 2016.

Photo - http://photos.prnewswire.com/prnh/20160518/369583

Based at EY's global headquarters in London, Steve will be responsible for leading a team of more than 13,000 professionals worldwide. He will look to ensure the delivery of high-quality services to help organizations achieve their strategic transactions and capital management goals in line with EY's purpose of building a better working world.

Carmine Di Sibio, EY Global Managing Partner – Client Service, says:

"TAS is one of the fastest growing service lines at EY. I am confident with Steve's appointment our clients will benefit from his breadth of experience and he will continue building on the success he achieved in his previous roles. This high-caliber appointment will help us extend our leading position within many markets globally."

Steve joined EY in 2002 as a direct admit partner from PwC. Since 2013, he held the position of Deputy Global Vice Chair – TAS. Prior to 2013, he also held leadership positions in EY's Americas and the United States TAS practices. Steve has more than 25 years of experience in mergers and acquisitions (M&A)-related work and has advised many large corporate and private equity clients on numerous multibillion dollar international transactions.

Steve Krouskos, EY Global Vice Chair-elect – TAS, says: "I look forward to continuing to maintain exceptional client service and further improve how we help our clients strategically manage their capital and investment strategies. We have achieved a great deal in the past several years, including TAS' best-ever revenue results globally. We continue to focus on helping our clients navigate a changing business landscape in which emerging trends, such as digital and data analytics will be key elements in capital allocation and M&A strategies."

Steve is a member of the American Institute of Certified Public Accountants and received both his Bachelor's and Master's degrees in Accounting from the University of Florida.

He succeeds Pip McCrostie, who retires from EY on 30 June to pursue a non-executive director career.

"I would like to thank Pip for her exceptional leadership of the TAS business over the past eight years," says Di Sibio. "Under Pip's strategic direction, TAS delivered outstanding results despite prolonged depression in the M&A market in the wake of the financial crisis and has become the market leader globally."

Follow us on Twitter: @EY_TAS

Notes to Editors

About EY

EY is a global leader in assurance, tax, transaction and advisory services. 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 team to deliver on our promises to all of 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.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.

This news release has been issued by EYGM Limited, a member of the global EY organization that also does not provide any services to clients.

About EY's Transaction Advisory Services

How organizations manage their capital agenda today will define their competitive position tomorrow. Our more than 13,000-strong team across the globe works with our clients to help them make better and more informed decisions about how they strategically manage capital and transactions in a changing world. Whether you're preserving, optimizing, raising or investing capital, EY's Transaction Advisory Services bring together a unique combination of skills, insight and experience to deliver tailored advice attuned to your needs — helping you drive competitive advantage and increased shareholder returns through improved decision-making across all aspects of your capital agenda. EY's Transaction Advisory Services was named the Accountancy Firm of the Year in Europe by Mergermarket in 2015, 2014, 2013, 2012 and 2010. Follow us on Twitter: @EY_TAS.

Flora Wilke
Global Media Relations
+44 (0)207 980 0745
flora.wilke@uk.ey.com