EY has promoted Steve Krouskos to the head of its Transaction Advisory Services. Krouskos has been a partner at EY since 2002, following his move from PwC. In his new role, Krouskos will lead a team of more than 13,000 professions to steer the firm’s fastest growing service line. He recently started his new role and is based in the firm’s headquarters in London.
Prior to working for EY, Steve Krouskos served Big Four rival PwC. Krouskos was admitted directly to partner level when he joined EY from PwC, where he was also partner at the time. Since, Krouskos has held several senior roles within the firm, including Global and Americas Markets Leader within it Transaction Advisory Services, and more recently, from 2013, he held the position of Deputy Global Vice Chair in the firm’s Transaction Advisory Services. He was also seminal in the founding of EY's Corporate Development Leadership Network. Krouskos holds a Master's Degree in Accounting from the University of Florida and is a Certified Public Accountant.
Per the 1st of July EY has promoted Krouskos to the role of Global Vice Chair of the firm’s Transaction Advisory Services (TAS). The roles sees Krouskos take over responsibility of the practices team of 13,000 professionals worldwide from Pip McCrostie, who retires from the firm for a non-executive director career. Krouskos is tasked with delivering high quality services to clients seeking strategic transactions and capital management goals. Krouskos has moved to EY’s global headquarters in London.
Carmine Di Sibio, EY Global Managing Partner of Client Service, says “TAS is one of the fastest growing service lines at EY.” According to the firm’s end of year figures, TAS grew by 15.5% in 2015, to hit revenues of $2.5 billion globally. Sibio further adds, “I am confident with Steve’s appointment our clients will benefit from his breadth of experience and he will continue building on the success he achieved in his previous roles. This high-caliber appointment will help us extend our leading position within many markets globally.”
Commenting on his promotion, Krouskos says “I look forward to continuing to maintain exceptional client service and further improve how we help our clients strategically manage their capital and investment strategies. We have achieved a great deal in the past several years, including TAS’ best-ever revenue results globally. We continue to focus on helping our clients navigate a changing business landscape in which emerging trends, such as digital and data analytics will be key elements in capital allocation and M&A strategies.”
Earlier this month EY promoted Harsha Basnayake to head of its Asia-Pacific Transaction Advisory Services practice.