MANILA -A member unit of the global network of multinational professional services firm Ernst and Young (EY) has opened a new office in the Philippines, expanding its footprint here with a second branch located in Cebu City.
Global Delivery Services (EY-GDS) said the opening of its Cebu center last Oct. 11 represented a significant scaling up of operations in the Philippines, starting with 25 individuals in 2015 and which has since grown to over 5,000 this year.
“The Philippines is a vital component of our growth strategy, and we are delighted to broaden our footprint in the country by building teams (of) extraordinary talents in and around Cebu,” EY-GDS global operations leader Mukul Pachisia said in a statement.
Today, the Philippines is the second-largest location in the EY-GDS global network, with the new Cebu office seen further strengthening the delivery of services to member firms around the world.
EY-GDS said its multidisciplinary teams at the Cebu office would cater to EY clients in the Asia-Pacific, adding that it aimed to grow capabilities across their tax, assurance and consulting service lines.
The company intends to hire more professionals in the area with advanced digital skills and experience in payroll and advisory services, global compliance and reporting, core audit services, as well as technologies like SAP (Systems Applications and Products) and ServiceNow.