EY Scotland hires premier deal maker to lead corporate finance practice

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Ally Scott

One of Scotland’s most recognised deal makers is to join EY as Partner to lead and expand its corporate finance team.

Ally Scott will become the head of EY Scotland’s Transaction Advisory Services (TAS) practice in September after an 11-year stint successfully growing the Barclays Corporate Banking brand in Scotland, latterly as its Regional Head and Managing Director.

An Edinburgh native, Ally has more than 30 years’ extensive banking experience working closely with organisations from start-up through to multi-national corporate.

During his time with Barclays he has presided over a greater than tenfold increase in the scale of its corporate banking operations in Scotland and latterly in Northern Ireland, while for the past two years operating as Country Head responsible for around 2700 of its local staff.

Commenting on his appointment, Ally said: “Scotland has a strong nucleus of growing and progressive organisations and as we navigate current economic uncertainties the right advice and strategic planning will be even more important for business than ever. I look forward to helping transform EY’s participation in the corporate finance market developing a leading, full-service team, with ambitions to grow significantly during the next three years, including an increase in the number of partners and directors.

“Transaction origination activity allied to deep and loyal client and external relationships, have been pivotal to the Barclays growth story in Scotland in recent years. I look forward to continuing that mantra at EY as we help and support businesses throughout Scotland with idea generation and advice in the pursuit of their strategic objectives.”

EY is the largest accountancy firm in Scotland by headcount, employing just under 1000 people, across offices in Aberdeen, Edinburgh, Glasgow and Inverness. The firm is on track to realise ambitious growth plans as a market leader in four key areas -Oil & Gas, Financial Services, Government and Public Services and the Corporate market.

Mark Harvey, EY Senior Partner, Scotland, said: “Scotland has a history of high profile deal makers with international reputations and Ally exemplifies that. He is an imaginative and innovative corporate financier who has excellent market insight which will be invaluable to EY as we expand our corporate finance practice in Scotland. I am delighted to welcome Ally to EY as he continues in that market leading role.”

Ally will be succeeded at Barclays by Jamie Grant, currently a member of his senior management team, who has been appointed as Barclays Head of Region for Scotland and Northern Ireland with immediate effect.

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