Daily News: March 26, 2013

Ernst & Young Hires P&L Consulting CEO, Former Team

Ernst & Young announced that Shawn Pride, the founder and chief executive officer of P&L Consulting Group, along with her former team, have joined the firm’s Financial Services Office (FSO) in New York and Dallas.

Pride has 15 years’ consulting experience, including 13 years’ advisory experience working with leading private equity fund managers. She began her career at Accenture and will now be a principal in the Ernst & Young LLP FSO Advisory practice. Pride will be based in New York.

P&L Consulting Group was a boutique advisory company focused on fund administration system selection, implementation and design for private equity, as well as other select alternative investment managers. In her new role, Pride will lead the U.S. advisory services for private equity firms.

“The P&L Consulting Group’s arrival at Ernst & Young comes at a pivotal time in the industry – a point where asset management operating models, including private equity, must adapt to fast-changing business, investor and regulatory demands,” said Carmine DiSibio, vice chair and managing partner, Financial Services, Ernst & Young. “Shawn’s leadership, and the collective talent of the team, will enhance our ability to assist clients in improving the production, management and deployment of information across their enterprise.”

“Joining Ernst & Young offers us a better platform to effectively address the changing and complex needs of PE fund managers,” said Pride. “This is a great opportunity to be with an organization that has a similar perspective and commitment to the market.”

In addition, Steven Boydstun, who was most recently P&L Consulting Group’s president, will also join Ernst & Young’s FSO practice. He has more than 20 years of technology strategy and system implementation experience. Boydstun will serve as an executive director based in Dallas.