Ernst & Young (E&Y) has opened
an advisory office in Algeria… PricewaterhouseCoopers has
expanded its global actuarial and insurance management solutions
(AIMS) business into its Middle East, Asia and South America
practices… Ernst & Young UK partner Jeremy Jennings is to
head up the network’s regulatory and public policy activities
across Europe, the Middle East, India and Africa (EMEIA)…

STRATEGY
E&Y builds Algerian practice

Ernst & Young (E&Y) has opened an advisory office in
Algeria. This month, 25 employees have joined E&Y Algeria with
the aim of growing the business by 25 to 30 percent in 2009.
E&Y has operated in Algeria for more than 25 years and aims to
grow to 100 advisory staff within three years. E&Y Algeria will
offer advisory, audit, legal and finance services. Philippe
Ausseur, E&Y’s advisory associate for France, Luxembourg and
North Africa, said the firm was reinforcing its presence in the
North African country to match recent reform of the economy and
inward investment. The move follows E&Y’s expansion into Libya
last year. Last December, E&Y opened its first Libyan office
with 25 local and expatriate professionals. The aim is to double
the size of this office by the end of this year. The Tripoli office
in Libya provides services in tax, assurance, risk services and
business advisory solutions.

STRATEGY
PwC expands actuarial and insurance

PricewaterhouseCoopers has expanded its global actuarial and
insurance management solutions (AIMS) business into its Middle
East, Asia and South America practices. The network has more than
1,000 actuaries in 36 countries. Global AIMS leader Bryan Joseph
said: “Our actuarial business is about much more than providing
traditional services to the insurance and pension markets. We are
an integral part of the firm’s offering to clients including:
transfer pricing, risk modelling, enterprise risk management,
banking, human resource services, healthcare services and corporate
finance.”

PEOPLE
Jennings leads public policy at E&Y

Ernst & Young UK partner Jeremy Jennings is to head up the
network’s regulatory and public policy activities across Europe,
the Middle East, India and Africa (EMEIA). Jennings chairs the
European Contact Group, a policy grouping of the top six accounting
networks internationally. His new role will require building
relationships with EU institutions in Brussels and focusing on
broader international regulatory community throughout the EMEIA
region.
“The accounting profession faces some unique challenges, not least
the implementation of the EU Statutory Audit Directive, ongoing
discussions on liability limitation and the introduction of
independent auditor oversight,” Jennings explained.