EY has acquired ifb SE, an international finance and risk transformation and compliance consultancy, to strengthen capabilities and enhance offerings.
This acquisition will enhance the breadth and depth of EY finance and risk transformation and compliance capabilities, creating greater opportunities for EY to support its clients.
Headquartered in Grünwald, Germany, ifb has been providing high-end technology enabled transformation services for more than 30 years. Providing services in accounting, controlling, regulation, risk management and compliance. As a global SAP partner for over 25 years, ifb will bring experience and know-how in financial services SAP domain and architecture, allowing EY teams to provide stronger transformation services, particularly in SAP transformation projects.
This acquisition will enhance EY technology in various key business areas and strengthen capabilities as more than 400 ifb employees, including partners, join the EY team.
Omar Ali, EY EMEIA financial services regional managing partner, said: “The expectations for financial services firms to transform their businesses has never been higher. Clients are looking for EY teams to provide transformation services with the support of EY Alliance partners like SAP. The EY and ifb organizations have built a relationship over the years doing just that, and now we are delighted to be welcoming Christian Moser and Claus Stegmann and the ifb teams to EY, so that we can continue to do this for more clients around the globe. They will join growing teams – our European Financial Services technology consulting businesses grew by circa 40 percent in the past year and I have no doubt they will help EY teams to continue providing the services our clients need.”
Claus Stegmann, ifb group managing director, said: “This acquisition will provide ifb clients with easier access to the full range of services they require to undertake large, complex financial and risk transformation projects – from developing a holistic architecture to enabling more efficient regulatory compliance – with professionals operating under a single brand around the world.”
