Ernst & Young LLP's Financial Services Office expands private equity business analysis and technology implementation services with the addition of former P & L Consulting leaders

Mar 22, 2013, 09:00 ET from Ernst & Young LLP

NEW YORK, March 22, 2013 /PRNewswire/ -- Ernst & Young LLP announced today that Shawn Pride, the founder and chief executive officer of P & L Consulting Group, along with her former team, have joined the firm's Financial Services Office (FSO) in New York and Dallas. P & L Consulting Group was a boutique advisory company focused on fund administration system selection, implementation and design for private equity (PE), as well as other select alternative investment managers. In her new role, Pride will lead the US advisory services for private equity firms. 

"The P & L Consulting Group's arrival at Ernst & Young comes at a pivotal time in the industry − a point where asset management operating models, including private equity, must adapt to fast-changing business, investor and regulatory demands," said Carmine DiSibio, Vice Chair and Managing Partner, Financial Services, Ernst & Young LLP. "Shawn's leadership, and the collective talent of the team, will enhance our ability to assist clients in improving the production, management and deployment of information across their enterprise."

Pride has 15 years' consulting experience, including 13 years' advisory experience working with leading private equity fund managers.  She began her career at Accenture and will now be a principal in the Ernst & Young LLP FSO Advisory practice. Pride will be based in New York.

"Joining Ernst & Young offers us a better platform to effectively address the changing and complex needs of PE fund managers," said Pride. "This is a great opportunity to be with an organization that has a similar perspective and commitment to the market."

In addition, Steven Boydstun, who was most recently P & L Consulting Group's president, will also join Ernst & Young LLP's FSO practice.  He has more than 20 years of technology strategy and system implementation experience.  Boydstun will serve as an executive director based in Dallas.

DiSibio also noted that the addition of the P&L Consulting Group's leadership and professionals to the firm's FSO is another recent example of the significant investment being made to expand its team of consultants, all of whom are part of a global network of more than 6000 financial services advisory professionals across 30 countries worldwide.

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Nearly 35,000 Ernst & Young financial services professionals around the world provide integrated assurance, tax, transaction and advisory services to our asset management, banking, capital markets and insurance clients. In the Americas, Ernst & Young is the only public accounting organization with a separate business unit dedicated to the financial services marketplace. Created in 2000, the Americas Financial Services Office today includes more than 4,000 professionals at member firms in over 50 locations throughout the US, the Caribbean and Latin America.

Ernst & Young professionals in our financial services practices worldwide align with key global industry groups, including Ernst & Young's Global Asset Management Center, Global Banking & Capital Markets Center, Global Insurance Center and Global Private Equity Center, which act as hubs for sharing industry-focused knowledge on current and emerging trends and regulations in order to help our clients address key issues. Our practitioners span many disciplines and provide a well-rounded understanding of business issues and challenges, as well as integrated services to our clients. With a global presence and industry-focused advice, Ernst & Young's financial services professionals provide high-quality assurance, tax, transaction and advisory services, including operations, process improvement, risk and technology, to financial services companies worldwide.

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SOURCE Ernst & Young LLP