Ernst and Young has returned to Gibraltar after a 14 year absence. Following discussions between the directors of Baker Tilly Gibraltar, five directors, together with their assurance and tax services personnel, will transfer their services to EY and will commence trading in Gibraltar in September 2013, subject to FSC final approval.
The new organization will have 40 people and will be led by Jose Julio Pisharello, former Chairman at Baker Tilly Gibraltar. It will provide audit, accountancy, tax and general business consultancy services to businesses based in Gibraltar, with teams specialised in the financial services and gaming industries. Jose Julio is joined by a team of four directors Angelique Linares, Johann Olivera, Neil Rumford and Dale Cruz. Both BTG and EY will operate from Regal House, albeit on a different floor.
With a presence in Gibraltar, EY will extend its footprint to 152 countries and territories worldwide. EY wishes to return to the Gibraltar market, following a 14 year absence, to meet the needs of its global clients and develop a presence in the growing local financial services market.
Jose Julio Pisharello, the Managing Partner of the new member firm, told B2B, “We are looking forward to joining the EY network and to having the opportunity to access EY’s exceptional technical resources and specialised training. This will enable us to provide enhanced services to our client base in Gibraltar and other markets in which they operate.”
Andy Baldwin, EY’s Head of Financial Services, for Europe, the Middle East, India and Africa told B2B, “We are responding to client demand. Gibraltar is becoming an important and growing market for insurance, asset management, private banking and gaming. Having a presence in Gibraltar will allow us to better serve our existing clients as well as provide opportunities for collaboration within our financial services business globally, especially the Americas.”