On July 12, 2012, Ernst & Young LLP announced the appointment of Julie Canty and Carlos A. Schmidt as partners in the firm’s Asset Management Tax practice. For insight from E&Y in an area of growing importance to investment managers, see “Ernst & Young’s 2012 Global Fraud Survey Highlights Significant Challenges in Dealing with Corruption and Bribery Risks,” The FCPA Report, Vol. 1, No. 3 (Jul. 11, 2012).