Asset ManagerRIA · CRD 110921SEC-Registered

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Ernst & Young

Ernst & Young is an SEC-registered investment adviser in Secaucus, NJ, since 1995. It has 140 employees and 140 investment advisers. The firm is headquartered...

Ernst & Young

Ernst & Young is an SEC-registered investment adviser in Secaucus, NJ, since 1995. It has 140 employees and 140 investment advisers. The firm is headquartered in New Jersey.

Website
ey.co.il

General information

Firm type

Asset Manager

Year founded

1989

Location

Region

Europe

Country

United Kingdom

City

Secaucus

Corporate office

London, United Kingdom

Principals

Janet Truncale

Global Chair and CEO

Frequently asked questions

Is the Israeli EY member firm a subsidiary or an independent entity?

Kost Forer Gabbay & Kasierer operates as an independent Israeli partnership and is a member firm of Ernst & Young Global Limited, a UK company limited by guarantee. Under the Swiss Verein structure, each member firm is a separate legal entity responsible for its own liabilities and client engagements. The firm delivers EY-branded services in Israel under a license agreement.

Who is the current global CEO of EY, and when did leadership change?

Janet Truncale became Global Chair and CEO in July 2024, taking over from Carmine Di Sibio. She is the first woman to lead a Big Four firm. Truncale previously served as Regional Managing Partner for EY's Americas Financial Services Organization.

What happened with EY's proposed split into separate audit and consulting firms?

Project Everest, the planned separation of EY's audit and advisory businesses, was abandoned in April 2023 after the US member firm leadership opposed the transaction. The plan would have split the organization into a standalone audit firm and a publicly-traded consulting business. The collapse required a reassessment of global strategy and governance, which continues under Truncale's leadership (per Reuters, April 2023).

Does EY Israel invest its own capital or manage third-party investments?

EY Israel is a professional services partnership and does not operate an investment management business. It does not manage third-party capital or deploy proprietary funds. The firm generates revenue from audit, tax, advisory, and transaction services fees.

How large is EY Israel's professional headcount?

Public headcount for the Israeli member firm is not separately disclosed. The global EY organization reported approximately 393,000 professionals across its network for the fiscal year ending June 2024 (per the firm's official communications).

What sectors does EY Israel's advisory practice concentrate on?

The Tel Aviv practice concentrates on technology sectors that align with Israel's export economy — cybersecurity, enterprise software, fintech, and digital health. The transaction advisory team regularly works on cross-border M&A and capital markets transactions for Israeli companies listing on Nasdaq and other exchanges. The firm also maintains a substantial tax practice supporting multinational R&D operations in Israel.

Who governs the Israeli EY member firm?

Kost Forer Gabbay & Kasierer is governed by its own partnership board and managing partner, reporting through the EY Global network rather than to a parent entity. Individual partner names and governance structures for the Israeli firm are not routinely published beyond Israeli regulatory filings.

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