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EY to invest $1bn in private equity business as potential break-up looms

EY to expand private equity business via hires and acquisitions

The Big Four firm is reshaping its business as a potential split approaches
The Big Four firm is reshaping its business as a potential split approaches Photo: Alamy

EY will spend $1bn over the next four years to expand its private equity offering to capitalise on the booming sector.

The announcement comes as EY eyes a split between its consulting and audit arms amid regulatory pressure on the Big Four firms over conflicts of interest.

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