Atlanta (June 18, 2004) -- The Belgian arm of Big Four firm Ernst & Young said this week that it will shed it’s associations management department by selling it to the Kellen Company, an Atlanta-based firm that specializes in association management.
"The sale of Ernst & Young Association Management fits into our strategy of focusing on our core activities and of giving the maximum guarantee of independence to our statutory auditors, following Belgian law. In a small country like ours, such a law very quickly translates into a restraint on the growth of a dynamic service line such as EYAM," says Gust Herrewijn, managing partner E&Y Belgium. "After the sale of Ernst & Young Actuarial Services earlier this year, we want to offer Association Management the opportunity for further expansion through selling the department."
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