Erica deVry, Big4.com Staff Reporter
18 August 2010
E&Y is responding to and preparing for explosive growth in its China business.
Ernst & Young China is announcing the grand opening of its new office in China’s
tallest building and premier location – Shanghai World Financial Center (SWFC) in the Pudong District of Shanghai. All of Ernst & Young’s 2,500 Shanghai people (of the 9,000 total China employees) will be one single location to help provide better services to clients and laying the groundwork for our further expansion in the China market. Prior to this, E&Y was in three different Shanghai locations.
It is the first Big Four firm to move to Pudong, and now occupies 8 floors with 30,000 square meters to enable meeting growing demand for office space as business needs accelerate in China. In addition, is has already reserved other floors to attend to future business needs.
James Turley, E&Y Global Chairman and CEO said, Our confidence in the long
term prospects in China is demonstrated in the investment in our business and our people.
We currently have over 9,000 people in China, and will further grow our manpower with the business".
Albert Ng, Ernst & Young’s China Chairman and Greater China Managing Partner, said,
"There are a lot of major China and multi national companies that have moved to Pudong. Being the first international accounting firm coming to Pudong, we are confident that the Pudong New Area will become a leading international financial center."
The grand opening ceremony was officiated by Mr Xu Lin, Party Secretary of Shanghai Pudong New Area (PDNA) People’s Government, Standing Committee of the CPC Shanghai Municipal Committee, and Mr Yan Xu, Deputy Governor of Shanghai PDNA, Standing Committee of the CPC Shanghai PDNA.