EY completed the acquisition of ifb.

EY, a provider of professional services, completed the acquisition of ifb, an international finance and risk transformation and compliance consultancy. Financial terms were not disclosed. “The expectations for financial services firms to transform their businesses has never been higher. Clients are looking for EY teams to provide transformation services with the support of EY Alliance partners like SAP. The EY and ifb organizations have built a relationship over the years doing just that, and now we are delighted to be welcoming Christian Moser and Claus Stegmann and the ifb teams to EY, so that we can continue to do this for more clients around the globe. They will join growing teams - our European Financial Services technology consulting businesses grew by circa 40% in the past year and I have no doubt they will help EY teams to continue providing the services our clients need," Omar Ali, EY EMEIA Financial Services Regional Managing Partner.