Finance EY sets its sights on growth
EY has announced plans to more than triple the size of its financial services practice in the Midlands. The firm plans to grown its current 30-strong Midlands financial services team to 100 people by 2020, recruiting both locally and from across the UK. EY currently employs nearly 1,000 people in its Birmingham office - its largest regional practice outside of London. The Midlands growth plan includes a focus on
growing its dedicated FS industry teams to provide specialist support and to better service the needs of the growing FS sector. Research from EY showed that 100,000 people
are employed in financial services in the Midlands and the sector is expected to see annual GVA growth of two per cent leading up to 2020 – ahead of the UK’s average economic performance of 1.8 per cent. EY has appointed a local leadership team of Amit
Thaker, Ben Morphet, John Saxton and Louise Starr to lead the firm’s FS Tax, Assurance and Advisory services in the Midlands. Amit Thaker will also act as the head of EY’s FS
practice in the Midlands. Originally from Coventry, he relocated from London to take on this role. He said: “Birmingham and the wider Midlands region
has a rich financial services heritage and is seeing a resurgence; both in terms of the growing number of global FS organisations with operations in this region, as well as those already headquartered here. “I will be focused on building our local team to
ensure EY in the Midlands is best placed to support, and grow alongside, the needs of the regional FS market.”
The team at EY’s Birmingham office
‘This is an exciting time to invest further in our Midlands practice’
Simon O’Neill, EY’s managing partner in the Midlands, said: “This investment recognises the scale of the financial services sector in the region and EY’s commitment to the Midlands with a dedicated FS centre to support the next phase of our growth. “This is an exciting time to invest further in our Midlands practice.”
Andy Moore: excellent fit Bracebridge
advises on sale Bracebridge Corporate Finance has advised on the sale of Aktrion Holdings Ltd, a specialist provider of manufacturing support services, to international facilities management firm Servest. Bracebridge advised the sellers, including Graphite Capital, on the transaction. The acquisition sees Servest
Group’s annual turnover increase to in excess of £1bn globally. Aktrion is an international
business and manufacturing support services provider, running critical parts of clients’ operations on a contract outsourced basis. Bracebridge Corporate Finance managing director Andy Moore said: “The acquisition is part of Servest’s growth and diversification strategy, strengthening its presence in Europe and in the key sectors in which Aktrion operates.”
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www.quantumadvisory.co.uk T: 0121 726 7061 April 2018 CHAMBERLINK 63
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