Ernst & Young appoint Schlich as Global Banking chief

by Richard Kilner

Story link: Ernst & Young appoint Schlich as Global Banking chief

Ernst & Young has announced the appointment of Bill Schlich as leader of the firm’s Global Banking & Capital Markets Practice.

Schlich brings more than two decades of industry experience to his new role, which will make him responsible for the supervision of 14,000 financial services professionals involved in the firm’s largest practice.

Global Banking & Capital Markets Practice constitutes a tenth of Ernst & Young’s revenue, and serves a quarter of its largest clients.

Schlich will retain his duties advising commercial and investment, particularly on the credit crunch.

Carmine Di Sibio, vice chair and managing director of Ernst & Young Americas Financial Services, has said that the worldwide financial situation is undergoing a dramatic and turbulent period which requires top class leadership to be successfully navigated.

Di Sibio went on to say that Schlich’s impressive background and knowledge of the current liquidity crisis and credit crunch make him a prime candidate for such a role of leadership.