This divestment will allow Allegion to streamline its portfolio and concentrate on key strategic businesses and services that can be leveraged across the EMEIA
region, president and CEO Dave Petratis said.
Speaking at the launch, Philip Middleton, EMEIA
head of Financial Services for Govt, E&Y, said significant developments were set to occur in the approach of governments in Mena region to financial sectors as they adopted new standards and corporate regulation proposed by G-20, Basel Committee, IASB and other global regulators.
Ad Buisman Head of EMEIA
Real Estate at Ernst & Young will speak on 'Development Industry: Solid Foundations For Effective Private Sector Engagement' and moderate sessions on 'The economic foundation of a competitive city' and 'Sustainable Future Cities: Making the most of technology'.
Following the closing of the transaction, AXA is expected to operate within the EMEIA
region of Allegion.
EY's Europe, Middle East, India and Africa (EMEIA
) Fraud Survey, Fraud and corruption - the easy option for growth?, has found that many businesses still do not have the basic building blocks in place for effective compliance.