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EY Taps a Loyal Soldier For the Next FSO Leader

EY building in Toronto

With Janet Truncale heading out of EY’s Financial Services Organization (FSO) and into the big seat as EY Global Chair and CEO when Carmine Di Sibio steps down on July 1, someone’s got to fill her shoes. And the winner is…Americas FSO Tax Managing Partner Shawn Smith. A quick stalk of his LinkedIn tells us Smith has been at EY since he graduated from Clemson in 1991 and has been climbing ladders ever since.

In his new role, Smith will be responsible for leading 14,000 people in FSO, almost six times as many people as he’s responsible for herding now as managing partner of tax.

The press release is the usual pap.

“I am proud to announce Shawn as my successor in FSO. Shawn is a highly seasoned leader with deep financial services market expertise,” Truncale said. “His innovative thinking and focus on the future, passion for clients, and commitment to next-gen talent development make him a strong leader who will continue to build on the strength and success of EY and FSO.”

“Now more than ever, financial services companies need a trusted partner to assist them in navigating unprecedented challenges and opportunities. From building consumer trust, making strategic investments in new technology like AI, to upskilling workforces and creating a more inclusive industry, FSO is providing the strategic council that helps businesses and economies all over the world prosper,” Smith is quoted as saying even though no one actually talks like this. “I am honored to be stepping into the role of Americas FSO Leader and excited to work with this exceptional team as we partner with our clients in defining and achieving their ambitions.”

EY names Shawn Smith as Americas FSO Leader [EY]

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