EY has strengthened its economic modelling capability in Australia with the acquisition of the business and certain assets of specialist Canberra based firm, Cadence Economics. The acquisition follows last year’s recruitment of economist Jo Masters to the role of EY Chief Economist for Oceania.

Cadence Economics specialises in applied quantitative techniques including economic data analysis and forecasting, CGE modelling, specialist modelling, policy and regulation across a broad range of industry sectors.  Some of Cadence’s clients include the Master Builders Association, the Department of Environment and Energy, Universities Australia, and the Victorian, New South Wales, Queensland and ACT state governments.

Steve Brown will join EY as a partner, Bob Scealy will join as associate partner and George Michalas as a director. All three were founding partners of Cadence Economics, and were with Deloitte Access Economics prior to forming Cadence Economics.