page_title: Ernst & Young
section_title: 21st Century: Recent history, re-branding and expansion
hierarchical_section_title: Ernst & Young / History / 21st Century: Recent history, re-branding and expansion
caption_attribution_description: Polski: Rondo 1 w Warszawie English: Rondo 1 in Warsaw
context_page_description: Ernst & Young Global Limited, commonly known as Ernst & Young or simply EY, is a multinational professional services network with headquarters in London, United Kingdom. EY is one of the largest professional services networks in the world. Along with Deloitte, KPMG and PricewaterhouseCoopers, it is considered one of the Big Four accounting firms. It primarily provides assurance, tax, consulting and advisory services to its clients. Like many of the larger accounting firms in recent years, EY has expanded into markets adjacent to accounting, including strategy, operations, HR, technology, and financial services consulting.
  EY operates as a network of member firms which are structured as separate legal entities in a partnership, which has over 270,000 employees in over 700 offices in 150 countries around the world. The firm's current partnership was formed in 1989 by a merger of two accounting firms; Ernst & Whinney and Arthur Young & Co. It was aptly named Ernst & Young until a rebranding campaign officially changed its name to EY in 2013, although this initialism was already used informally prior to its sanctioning adoption.
context_section_description: In 2002, Ernst & Young serviced a large chunk of the clients previously working with Arthur Andersen after their downfall in connection with the Enron scandal, although it did not engage with any new Arthur Anderson clients from the United Kingdom, China, or the Netherlands. Four years later, Ernst & Young became the only member of the Big Four to have two member firms in the United States, with the inclusion of Mitchell & Titus, LLP, the largest minority-owned accounting firm in the United States.
  In April 2009, Reuters reported that Ernst & Young, spurred by the global economic downturn, had launched a cost-saving initiative encouraging its staff in China to take 40 days of low-pay leave between the summer of 2009 and the summer of 2010. Those who participated got a prorated salary equal to 20% of a regular salary, plus the benefits of a full-time employee. The initiative applied to employees in Hong Kong, Macau and mainland China, where the firm's employees numbered 8,500 in total. In 2010, Ernst & Young acquired Terco, the Brazilian member firm of Grant Thornton.
  In 2013, the firm officially changed its brand from Ernst & Young to EY, and christened the accompanying tagline: "Building a better working world".
  Also in 2013, the Pope of the Roman Catholic church hired EY to help review Vatican City State's finances and help "verify and consult" the institution's administration, including the museums, post office and tax-free department store. EY expanded further and acquired all of KPMG Denmark's operations including its 150 partners, 1500 employees and 21 offices.
  In 2014, EY merged with global strategy consulting firm The Parthenon Group, gaining 350 consultants in its then-Transaction Advisory Services practice. 
  In 2015, EY opened its first global Security Operations Centre in Thiruvananthapuram, Kerala in India, and coincidentally invested $20 million over 5 years to combat the increasing threat of cybercrimes.
  In 2017 EY announced it was opening an executive support center in Tucson, AZ, USA, creating 125 new jobs. That same year, the company opened a Digital Security Operations Center, located in Muscat, Oman, to cover the EMEIA region as part of a $10 million investment.
  In 2018, EY opened a $4.4 million professional services center in Louisville, KY, USA, creating 125 new jobs, and announced it would open an IT / tech hub in Nashville, TN, USA, creating 600 regional jobs.
caption: EY offices in Warsaw, Poland.
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