Article: Ernst & Young Acquires Two Chicago-Based Arthur Andersen Financial Services Units.

CHICAGO -- Ernst & Young LLP announced today it has acquired the Financial and Commodities Risk Consulting practice and the Financial Services audit practice of Arthur Andersen LLP's Chicago office. Sixty-five Andersen employees, including 12 partners, will move to Ernst & Young.

Thirty-five people, including six partners, currently with Andersen's Financial and Commodities Risk Consulting practice, will join Ernst & Young's national Regulatory and Risk Consulting practice and will remain in Chicago. Thirty personnel from Andersen's Financial Services audit practice, including six partners, will join Ernst & Young's Chicago-based Lake Michigan Area Financial ...

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