EY CEO Predicts Firm Will Revisit Potential Split in a Few Years

EY’s global chairman and chief executive officer hasn’t given up on a plan to split the firm, even after the costly push fell apart amid internal acrimony.

Carmine Di Sibio said in an interview with Bloomberg TV on Thursday that he expects the professional services firm to revisit a proposal to spin-off its global consulting business and its tax practice “in a few years.”

Even though EY failed to get some US partners to support the spin-off, codenamed Project Everest, the rationale behind the split — the conflicts of interest between audit and consulting arms — still stands, Di Sibio ...