EY is being advised by investment banks JPMorgan and Goldman Sachs on a possible listing or sale of its consulting business, according to a report in the Financial Times.
An initial public offering or partial sale would be the biggest shake-up to the global advisory sector since the collapse of global auditing firm Arthur Andersen in 2002, and emulate the successful initial public listing of consulting powerhouse Accenture in 2001.
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Edmund Tadros leads our coverage of the professional services sector. He is based in our Sydney newsroom. Connect with Edmund on Twitter. Email Edmund at edmundtadros@afr.com.au
