EY became the latest Big Four firm to announce the hiring of new equity partners to its UK arm, including 33 internally promoted partners and 29 direct entry partners from its competitors and the profession.
EY said the appointments also reflect its push for diversity in the workplace. Of the 62 partners appointed over the last year 29% (just one point shy of the firm’s 30% rolling target) are women and 15% are from a Black and Minority Ethnic (BME) background – exceeding EY’s 10% target.
According to Steve Varley, EY’s UK chairman, the appointments reflect “EY’s strong pipeline of high quality people,” which enables the Big Four outfit to operate in a “complex environment”.
Varley said: “We have many talented people at EY and this year’s new Partner appointments reflect our high performing culture and our ability to deliver exceptional client service. Our new Partners all have the drive, ambition and entrepreneurial spirit that will enable us to achieve our bold ambitions and build a better working world.”
The partner promotions comes just one day after Mark Weinberger, EY global chairman and CEO, announced that 714 people globally had been promoted to partner this year, with nearly 30% of the promotions being represented by women, while over a third have come from emerging markets.
In June, PwC promoted a record number of partners for the third year in a row, as its UK arm looks to increase diversity and female employees at partner level.
The professional service firm promoted 61 equity partners, the third successive year the firm has increased its new partner numbers.
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