EY-Parthenon, the strategy consulting arm of EY, has acquired Eden Strategy Institute, a strategic boutique based in Singapore.
Established in 2010, Eden Strategy Institute is a boutique firm specialising in social innovation across sectors. Since its inception, the advisory business has helped multinational organisations, non-profits, and governments achieve economic, environmental, and social goals by designing and introducing new growth platforms, operations, products, and services.
Eden Strategy Institute advises clients from strategy and business model development through to impact assessment, implementation, and capability building. Key areas of focus include smart cities, value-based healthcare, education innovation, public service transformation, and the emerging middle class.
Announced yesterday in a statement, EY-Parthenon noted that the addition of the Eden Strategy Institute team will enhance the firm’s expertise and bring meaningful outcomes for its clients in Singapore and the region. The deal sees a team of seven consultants join EY-Parthenon, with Eden Strategy Institute managing partner Calvin Chu Yee Ming appointed a partner at EY-Parthenon.
“We extend a warm welcome to the Eden Strategy Institute team and look forward to working together with them,” said Purandar Rao, Managing Partner for East Asia at EY-Parthenon.
Formed in 2014 following EY’s acquisition of Parthenon Group, EY-Parthenon is the strategy and M&A business of EY. Today, the firm has more than 25,000 consultants worldwide.
“By joining EY-Parthenon, we are taking a monumental step forward in our mission. Over the past 15 years, our team has been immensely privileged to catalyse social innovations in healthcare, education, and smart cities. We have helped grow industries, create jobs, build resilience, and scale the impact of some of the most esteemed organisations in the world,” said Yee Ming.
“We are excited to become part of EY-Parthenon, where we will focus on social innovation, economic growth, and development. This union enables us to take our blend of research rigour, entrepreneurial approach to innovation, and stewardship in developing the region’s economies responsibly to serve even more clients with deeper capabilities and reach.”
Sourced from Consultancy.asia