EY Ireland has established a new geopolitical strategy unit to advise on how to best navigate global volatility in anticipation of the introduction of US tariffs.
The unit will be headed by EY Ireland partners Simon MacAllister and Aidan Meagher, who specialise in corporate finance and taxation, respectively, and will provide advice to clients on the island of Ireland.
US President Donald Trump has labelled this Wednesday (2 April) 'Liberation Day' in reference to the raft of reciprocal tariffs he will introduce on imports from territories, including the European Union, although the details are still to be confirmed.
“As our clients continue to deal with global market volatility and a rapidly changing new world order, we are experiencing growing demand for our support in areas such as international tax, debt restructuring, supply chain optimisation, cost takeout, law, strategy and risk," said Frank O'Keeffe, managing partner of EY Ireland.
"Our clients are actively anticipating the impact of political risk as they prepare for disruption the extent of which is, to a large extent, dependent on the industry, geographic footprint, size and market.
“Over the coming months Simon, Aidan and our wider EY Geopolitical Strategy global team will continue to be very active with clients - both indigenous companies and multinational organisations located here - as they navigate these unprecedented times, adjust their strategies in real-time and explore and advance ‘no regret’ decisions while they shape the future with confidence.”
McAllister is a partner in the EY Ireland strategy and transaction team, where he leads the valuation, modelling and economics practice.
He provides commercially focused advice to public and private clients internationally and in Ireland, including valuations, investment cases, economic forecasting and impact studies. He is also EY Ireland's Brexit lead.
Meagher is a partner in EY Ireland's tax practice and advises on a broad range of international tax issues across a range of sectors.
In his role, he advises both multinational and indigenous companies on the establishment of tax-efficient supply chain management and intellectual property ownership structures.
Photo: (l-r) Aidan Meagher and Simon MacAllister. (Pic: Supplied)
