WASHINGTON, April 9, 2014 /PRNewswire/ -- The Peterson Institute for International Economics has named Pip McCrostie, EY's Global Vice Chair of Transaction Advisory Services (TAS), to its Board of Directors.
McCrostie's joins the private, non-profit organization focused on international economics having spent 5 years leading EY's TAS business globally.
"It's vital for global organizations to share ideas and collaborate to build a better working world," said Mark Weinberger, Global Chairman and CEO of EY. "The Peterson Institute is an important voice in debates around global macroeconomics and policy making, and Pip will make a great addition to the Institute's board. Through her leadership skills and practical economic knowledge shaped by her corporate finance experience, she will further enrich the Institute's points of view."
As EY's Global Vice Chair of Transaction Advisory Services, Pip advises major international businesses around the world on a range of issues including growth strategies, capital agenda, divestitures and M&A activities. Pip's work gives her valuable insights about the macro-economic landscape, cross-border capital flows and the emerging trends to which companies across all sectors and geographies are strategically adapting. Additionally, she brings an understanding of future trends in global M&A activity based on EY's most recent Global Capital Confidence Barometer. Pip is also very active in in gender and diversity efforts both at EY and organizations externally including the FTSE® 100 Cross-Company Mentoring Executive Program, EY's Global Women in Business Advisory Council, and EY's UK women's network. She brings a unique perspective on how those issues are impacting business and the global economic environment.
"On behalf of the Institute's distinguished Board of Directors, I am thrilled to welcome Pip and her commitment to working with our Institute team and stakeholders to maintain a diverse and truly international board, and bring to bear both the expertise and practical experience that will help the Institute address the challenges facing the world economy today," said Dr. Adam S. Posen, president of the Institute.
"The Peterson Institute is a world-class organization with a phenomenal array of talent among its ranks, drawn from business, economics, politics and academia – I am honored to take the Board role," says McCrostie. "I am really looking forwarding to working with my fellow Board members and making a contribution to the ongoing dialogue around international economics."
McCrostie leads over 10,000 TAS professionals around the world and is a member of the EY Global Executive – the organization's highest management body globally. Her leadership has spanned a post-financial crisis M&A market facing unprecedented challenges and seen TAS transform its business globally around the Capital Agenda – which helps organizations strategically raise, invest, optimize and preserve their capital. Her responsibilities include strategy, people development, operational effectiveness, brand and the business performance of TAS globally.
Since joining EY in 1987, McCrostie has played key roles in major transactions in the US and Europe. Formerly a global client service partner in the UK TAS and Tax practices; she was the founder of the Global Transaction Tax network and co-founded the UK Transaction Tax group. She is a qualified lawyer and accountant.
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About the Peter G. Peterson Institute for International Economics:
The Peter G. Peterson Institute for International Economics is a private, nonprofit, nonpartisan research institution devoted to the study of international economic policy. Its founding director is C. Fred Bergsten. Since 1981 the Institute has provided timely and objective analysis of, and concrete solutions to, a wide range of international economic problems. It is one of the very few economics think tanks widely regarded as "nonpartisan" by the press and "neutral" by the US Congress, and its research staff is cited by the quality media more than that of any other such institution. Support is provided by charitable foundations, private corporations, and individual donors, and from earnings on the Institute's publications and capital fund. It moved into its award-winning new building in 2001, and celebrated its 25th anniversary in 2006 and adopted its new name at that time, having previously been the Institute for International Economics.