EY announced plans to invest $1 billion in new technology solutions, client services, innovation and the EY ecosystem over the next two financial years.
This move is part of its strategy to provide clients and people with innovative offerings using the latest disruptive technologies.
The new $1 billion funding is in addition to the existing, significant annual technology investment.
The investment will be used to create new technology-based services and solutions in areas such as financial services, cyber, risk management, managed services, software services as well as digital tax and audit services.
The company also announced the appointment of Nicola Morini Bianzino as global chief client technology officer (CCTO) and Steve George as global chief information officer (CIO). Barbara O’Neill is EY’s global chief information & security officer (CISO).
Nicola joined EY from Accenture, where he led AI and AI strategy. He also led Growth and Strategy for Accenture’s technology, innovation and ecosystems, which included new ventures, acquisitions and investments.
Steve was former CIO for Citigroup’s North American retail banking, mortgage and global commercial banking teams. Steve also previously worked at Accenture as part of its Financial Services and Technology teams. Steve has also held both CIO and CTO positions at Chase and Huntington Bank.