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Ernst & Young’s British member firm has appointed Silvia Rindone, a consulting executive with more than two decades of industry experience, to the helm of its strategy and transactions unit.

The appointment likely didn’t take EY insiders too much by surprise. 

Before the promotion, Rindone was the strategy and transactions practice’s markets leader. That’s one of the most senior posts at the unit behind the managing director role to which she has just been named.

EY UK’s strategy and transactions practice is one of the most important business units within the consulting giant. The practice operates in not one but two different markets, although those markets overlap to a certain degree.

The first area where Rindone’s team operates is acquisition advisory. EY’s strategy and transaction consulting professionals can guide a company through the process of buying another business.

The Big Four consultancy provides valuation services, which means it figures out what an acquisition target is worth to help the buyer make a competitive offer. EY also carries out due diligence, the process of determining that everything is in order with the acquisition target’s books.

The strategy and transactions unit includes EY-Parthenon, EY UK’s management consulting team. The team advises corporate leaders on important priorities such as how to reduce costs at a newly acquired subsidiary and which firm to buy next.

EY’s M&A advice is often sought out by the world’s largest companies. In her new role as managing director, Silvia Rindone will likely have an opportunity to work on some of the highest-profile corporate acquisitions that will be announced in the UK over the coming years.

Before joining the strategy and transactions practice, she headed the EY business units that focus on providing services to retailers. Besides managing the responsibilities of her new role, she will also continue to work with EY clients in the retailer and consumer goods sectors.

Rindone is succeeding Steve Ivermee, who led the strategy and transactions unit for seven years. Ivermee will stay on at EY as a partner. 

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