EY veteran Khurram Mian appointed Big Four firm's assurance leader for MENA

27 July 2018 Consultancy-me.com

Big Four professional services firm EY has appointed 20-year company veteran Khurram Mian as its new Assurance Leader for the Middle East and North Africa.

An EY partner since 2004, and a previous Assurance Leader for the global tax, assurance and advisory firm’s Dubai and Jeddah branches, Mian will now head up a team of over 2,400 assurance professionals in the region as the firm’s new Managing Partner – Assurance Leader, Middle East and North Africa.

Consisting of three practices – Audit, Financial Accounting Advisory Services (FAAS) and Forensic & Integrity Services – the MENA Assurance unit operates from 17 offices in 13 countries across the region, with the firm boasting of a current overall headcount of 6,000 and local presence since 1923.

Mian will take up the top post after most recently serving as the Chief Operating Officer for the MENA assurance practice, a role he has held since 2015 following consecutive stints as the Jeddah and then Dubai assurance leader dating back to 2009. Altogether, Mian is noted as having over 20 years of experience at the firm.EY veteran Khurram Mian appointed Big Four firm's assurance leader for MENA“Khurram’s experience across our key markets, client service acumen and passion for quality and innovation will be critical to realize our strategic growth objectives and maintain our leadership in the MENA region,” Abdulaziz Al Sowailim, EY MENA Chairman and CEO said of Mian’s appointment, further noting the changing business landscape.

“As organisations evolve into data-driven digital enterprises, we too are embracing innovation and integrating technology into our audit practice to respond to the evolving needs of business, regulators and investors,” Al Sowailim added, with Mian taking up the thread.

“I am extremely excited and proud to be leading assurance services during a time when innovation and technologies are disrupting conventional professions and creating new challenges for both businesses and their auditors,” Mian said of his new role.

He concludes: “Maintaining our leadership in MENA in Audit requires relentless focus on the quality of our services whilst closely monitoring the needs of regulators, investors and the financial markets. For non-audit services it is critical that we identify solutions and service offerings to support the business agenda of our clients in this transformative age.”

The new appointment follows just weeks after another key personnel announcement for the firm’s MENA practice, with Wasim Khan named as the new local Advisory Services Leader for the region.


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Carlos Ghosn's daughters get their career starts in strategy consulting

16 April 2019 Consultancy-me.com

With the Ghosn affair taking yet another twist, this time concerning allegations in Oman, the world’s media remains gripped.

A highly celebrated figure in Lebanon, the case of ex-Nissan and now ex-Renault head Carlos Ghosn has captivated the media round the world, with his re-arrest and detainment in Japan on further embezzlement charges last week – this time concerning allegations in Oman – delivering the latest twist in the saga. For his part, Ghosn continues to deny the charges, labeling the latest allegations of financial impropriety as “outrageous and arbitrary”.

Much of the media fascination stems from Ghosn’s remarkable story. Born to Lebanese immigrants in Brazil, Ghosn spent much of his youth in Lebanon before moving to Paris to pursue an engineering degree – and in almost no time arriving at the very top of the global automotive industry as a feted turn-around specialist, having rescued both Renault and Nissan from probable ruin. The other factor; a cultivated lifestyle of celebrity glamour.

Front and centre in that image was Ghosn’s young family, including a son Anthony and three daughters – Caroline, Maya and Nadine – who have all grown into their own spotlight in the international business and entrepreneurial worlds. And in line with that A-list background, all three of his daughters got their career starts at the crème de la crème of the strategy and management consulting world; prestigious MBB firms McKinsey & Company and BCG.The Ghosn family affair with the international consulting sector  The eldest Ghosn daughter, Caroline, joined McKinsey in 2007 following a BA in International Relations at Stamford University – before founding professional career network Levo in 2011 with three of her McKinsey associates. Her husband, Nicholas Flanders, CEO and co-founder of carbon reduction tech-company Opus 12, (and former COO of Levo), is likewise an alumnus of McKinsey – serving for three and a half years alongside Ghosn in the firm’s New York office.

Carlos Ghosn’s second daughter got her start at Boston Consulting Group.  A regonised name in luxury fashion as the founder and creative director of Nadine Ghosn Fine Jewelry, her brand counts and Beyoncé and the recently deceased fashion icon Karl Largerfeld among its celebrity clientele. At BCG, Nadine, who also graduated Stamford, served as an associate in the firm’s luxury and consumer goods practice before joining a management programme at Hermès.

Like her eldest sister, Ghosn’s youngest daughter Maya joined McKinsey’s New York office – spending over three years there as an engagement manager before departing in 2016. Maya is now Manager, Housing Affordability for the Chan-Zuckerberg Initiative, founded by Mark Zuckerberg and Pricilla Chan to promote social equality. Incidentally, Facebook’s Sheryl Sandberg, a former McKinsey consultant, has been a mentor to Caroline and also founded Leanin.org, where Maya first started out as an intern.

Carlos Ghosn’s son Anthony – who has now been embroiled in his father’s affair with accusations of money being funneled via Oman toward his financial services start-up, Shogun (where he is CEO but has not been accused of any direct involvement) – didn’t get his break at an MBB, but his step-brother, Anthony Marshi, the son of Carlos Ghosn’s second wife Carole Nahas, is a partner with BCG in New York according to French newspaper Le Figaro.