With 136 years of heritage, EY drives innovation and talent development to empower organisations and shape tomorrow’s economy.

1889: one-man firm, G A Derrick & Co., started at No. 3 Raffles Place, offering accounting services to the rising number of companies set up in Singapore to leverage the growth in the country’s trading port. Over a series of mergers - globally and locally - the firm evolved to what would become EY in Singapore.

This distinguishes EY as the oldest Big Four professional services organisation locally with a rich legacy.

Today, EY, with its 4,000-strong workforce, offers a highly integrated broad spectrum of services - assurance, consulting, strategy and transactions, and tax. Harnessing deep sector knowledge, its high-performing, multidisciplinary teams help organisations to fulfill regulatory requirements, capitalise on new opportunities, manage risks, and meet stakeholder needs to help deliver growth.

PURPOSEFUL GROWTH

EY’s purpose is building a better working world. A better working world is one where economic growth is sustainable and inclusive. Through its “All In” strategy, EY is committed to help organisations shape the future with confidence.

For clients, it is about helping them to shape themselves to adapt, pivot, and grow.

For EY’s people, it is about helping empower them with the right mindsets and skills to navigate what is next and become transformative leaders.

For EY as an organisation, it is about pursuing purposeful and sustainable growth, alongside an unwavering commitment to audit quality.

PUSHING THE FRONTIER OF AI INNOVATION

Recognising that organisations face multifaceted challenges today, EY continually seeks out innovative approaches to enhance the quality of services, bring differentiated insights to clients, and improve organisational productivity.

In 2021, EY committed to a US$10 billion investment plan in people, technology, and quality management systems globally to help further build trust in the capital markets by strengthening audit quality.

Since then, EY has been transforming into an Artificial Intelligence (AI)- centric organisation to help EY people and clients to readily adapt to rapidly evolving technologies, market dynamics, complex regulatory environments, and Generative Artificial Intelligence (GenAI) disruption.

Over US$1.4 billion was invested in the EY.ai platform, which leverages leading-edge EY technology platforms and AI capabilities, coupled with deep experience in strategy, transactions, transformation, risk, assurance, and tax, all augmented by a robust AI ecosystem.

Part of this platform is the EY.ai Value Accelerator, which helps clients to identify and prioritise AI and GenAI initiatives, accelerate their adoption journeys, and create exponential value. Additionally, EY has pioneered its own large language model called EY.ai EYQ as well as the EY.ai Agentic Platform.

These investments do not stop at technology build - EY’s AI strategy is human-centred. Over 80,000 EY technology professionals worldwide - mathematicians, statisticians, data scientists, AI engineers, product managers, developers, and cloud professionals - now work alongside EY people with backgrounds in strategy, consulting, law, tax, sustainability, and auditing.

Investments are also directed at training and upskilling its workforce, leading to over 80% of its professionals gaining AI literacy.

As “client zero”, EY’s own transformation experiences underpin its work in supporting other enterprises exploring AI transformation.

CENTRES OF EXCELLENCE DRIVE TRANSFORMATION

Tapping its vast experience and knowledge, EY has launched various speciality centres to support clients with their transformation.

Mr Chee Hong Tat, then-Senior Minister of State for Trade & Industry and Education, at the launch of EY wavespace^TM in 2018

In Singapore, the innovation centre EY wavespace^TM opened in 2018, bringing together business, design, and disruptive technology to create practical solutions to real-world problems.

Other Centres of Excellence established in Singapore include those for Sustainable Supply Chains and AI. The former seeks to help companies build more sustainable and resilient supply chains, with its holistic spectrum of sustainability services anchored in science and enabled by tech and data. The latter helps companies advance AI adoption for business growth and leverages EY’s alliances with the broader technology ecosystem.

Dr Koh Poh Koon, then-Senior Minister of State for Sustainability and the Environment, at the launch of EY Center for Sustainable Supply Chains in 2023

ENTREPRENEURSHIP AND SOCIAL IMPACT

EY’s pursuit of innovation extends to honouring those who innovate and redefine the world. For more than two decades, EY has been recognising the socioeconomic impact of entrepreneurs in Singapore through the EY Entrepreneur Of The YearTM awards programme.

EY supports entrepreneurs at every stage of growth – from startups to mature enterprises – to create sustained value through targeted entrepreneurship programmes. For example, it collaborates with the broader business and government ecosystem, such as Enterprise Singapore for the Scale-Up SG programme and the Singapore Economic Development Board for the Corporate Venture Launchpad 3.0 programme.

Beyond that, EY seeks to create positive impact in the local communities. Its corporate responsibility programme, EY Ripples, focuses on supporting the next-generation workforce, working with impact entrepreneurs and accelerating environmental sustainability. It mobilises the skills and efforts of EY people, alumni, clients, governments, and non-governmental organisations into an ecosystem of organisations working together at scale.

As a purpose-driven organisation, EY seeks to reshape the future of professional services with confidence.

Presenting a copy of the EY commemorative book “Ernst & Young – An Account of 120 Years” to then-President S R Nathan

CHARTING NEW PATHS

As a witness to Singapore’s history over the past 136 years, EY is committed to playing a part in shaping the future of professional services. As a market leader investing in innovation and helping to build a workforce that embodies transformative mindsets and skills, it is charting new paths to uplift the career attractiveness and value of professional services sector in Singapore.