New UK boss for EY

EY has chosen audit boss Hywel Ball to run the UK business.

The news will disappoint many commentators who were predicting that the Big 4 firm would be appointing its first female managing partner. Both Lynn Rattigan and Alison Kay had been shortlisted for the top job.

Ball will take over from current incumbent, Steve Varley, on 1 July.

None of KPMG, Deloitte, PwC or EY have ever been run by a female boss in the UK. Economic crime tax