UK financial services firm Ernst & Young’s (EY) chief executive Carmine Di Sibio has announced that he will step down from his post in 2024.

According to media reports, his retirement date will come a year before he was originally supposed to retire. He was supposed to oversee the split of EY's audit and consulting units until the end of his mandate in 2025, but the plan to separate the two failed and Di Sibio's retirement announcement came hard on the heels of that failure. 

Di Sibio, who reached the mandatory retirement age of 60 in March this year, has been heading the group since 2019. 

Prior to being elected to his current post, Di Sibio served as EY Global Managing Partner – Client Service, leading the execution of the organisation's global strategy and its four geographical areas and four service lines.

Since joining EY in 1985, he served as an Advisory and Assurance partner for many of the largest financial services accounts. Over the course of his career, he held several leadership positions at EY, including Chair of the Global Financial Services Markets Executive and Regional Managing Partner for the Americas Financial Services Organization (FSO), where he started EY Risk Management and Regulatory Services.