EY, formerly known as Ernst & Young, has announced that the mergers and acquisitions business inside its transactions advisory services arm in Switzerland has acquired a new leader and three additional team members.

EY, formerly known as Ernst & Young, has announced that the mergers and acquisitions business inside its transactions advisory services arm in Switzerland has hired a new leader and three additional team members.

Ronald Sauser will head the M&A group, joined by Fabian Denneborg, Lars Frölich and Marco Hirsiger. Stefan Rösch-Rütsche was Sauser's predecessor. Rösch-Rütsche took over the lead for TAS (transaction advisory services) as a whole in Switzerland, the firm told this publication.

The appointment comes at a time when there continues to be growth potential among M&A areas in Switzerland. In the wealth management arena, there have been a number of cases of Swiss banks buying or selling businesses and this market, among others, is expected to see continued consolidation.

Sauser was formerly chief executive of Leonardo & Co, the investment bank. His appointment is effective from the start of February.