EY, the third-largest accounting and consulting firm in the United States with annual revenue of $21.07 billion, has appointed Shawn Smith as the new leader of its Americas financial services organization (FSO). With 33 years of experience at EY, Smith brings extensive expertise in providing tax advisory services to clients in banking, capital markets, insurance, and wealth and asset management. He most recently served as the America's leader of the FSO tax practice, overseeing a team of more than 2,500 professionals. Smith, holds a master’s degree in accounting and a bachelor’s degree in corporate finance from Clemson University and is a certified public accountant.
In his new role, Smith will be responsible for leading a 14,000-person team and driving growth in the financial services sector. He succeeds Janet Truncale, who was earlier named EY Global chair and CEO-elect. Smith, emphasizing the importance of trusted partnerships in navigating unprecedented challenges and opportunities, expressed his dedication to providing strategic counsel to financial services companies. He highlighted the critical areas of focus, including building consumer trust, investing in new technology like AI, upskilling workforces, and fostering inclusivity in the industry, to promote prosperity for businesses and economies worldwide.
