THE 2014 EXECUTIVE
Q: Where is the firm right now?
A: McGladrey reunified two years
ago. As one firm, we’re much stron-
ger today. Now, in addition to provid-
ing insights and innovative, market-
relevant solutions, we’re focused on
creating an integrated and consistent
client experience across our three
lines of business—assurance, tax
and consulting. We continue to focus
on ensuring the highest standards in
what and how we deliver. We also
continue to invest heavily in our
people—in knowledge management,
training and the very best in tools.
Several things surprised me:
Our growth trajectory exceeded
expectations, particularly given
the challenging global economic
environment. Second, the number
of clients we serve who are
becoming active internationally has
been surprising. We’ve also made
investments in our practice and taken
calculated risks that proved even
better than we anticipated. This year,
we were delighted to increase our
number of partners by approximately
Q: Where is the firm today?
A: The year brought huge new
opportunities to EY Global Advisory.
We continued to expand globally,
broadened our service offerings and
increased our market share. But
among all this good news, the most
pleasing surprise was our ability to
buck the trends in certain parts of the
world, gro wing even amid volatility—
in the Mediterranean for example.
While Italy, Spain and Portugal
all have economic challenges, our
business there grew 20 percent. It
may seem counter-intuitive, but if
you think about it, it makes sense.
Because of economic headwinds, our
clients there need innovative answers
to their challenges.
Q: How would you describe your
firm’s outlook for 2014?
A: The overall global economy is
improving, and we believe it will
continue on that path in 2014. Of
course, recovery and growth are
still uneven, depending on which
regions and industry sectors we look
at. Looking ahead, we expect this
schizophrenic trend to continue for
some time. Our outlook for the future
goes beyond 2014, because that’s
what our clients need. In fact, we
have developed a long-term, strategic
plan called Vision 2020 that considers
the changing business world today,
how it will evolve tomorrow and
how we will adapt to the challenges
and opportunities we all face. This
approach is definitely resonating
with clients. EY Global Advisory
achieved a fifth year of double-digit
growth with revenue of $5.8 billion
and growth of 18 percent. This figure
far outpaced our main competitors,
and we are particularly proud we
gained market share.
Q: What opportunities do you see
for the ;rm in 2014?
A: In 2014, we see opportunities in
addition to the traditional emerging
markets and BRIC countries,
particularly in the Middle East,
ASEAN, Africa and Japan. Also,
our focus on building our business
in Japan is paying dividends as
the economy starts to show green
shoots of recovery. We’ll also look to
leverage our recent acquisitions and
expand our business based on their
specialized capabilities. By 2020,
our goal is to have the best brand
and be the most favored employer
by building on positive and strong
relationships with our stakeholders.
Growing all of our service lines
will be crucial to our success but we
continue to expect that Advisory will
be the firm’s growth leader.
National Consulting Leader