One year after pushing into risk management consulting by hiring six principals from Emcor Eurocurrency Management Corp., Ernst & Young is noting a shift in the types of services clients are demanding.

"We're at the threshold of a new approach-a methodology for managing risk with new capabilities," said Robert J. Baldoni, a New York-based partner with Ernst & Young. "The use of value-at-risk measurement is the single greatest advance in management."

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