Latest posts by Simon Joseland (see all)
- UBS hires ex-London Stock Exchange boss Chris Gibson-Smith - 14 Jul 2016
- EY promotes 714 new partners worldwide - 05 Jul 2016
- Revealed: The prettiest profession in investment banking - 20 Jun 2016
EY announces that 714 people globally have been promoted to partner. This year’s new partner class includes a record percentage of partners from the emerging markets — 35% of all new partners. In addition, EY continues to focus on increasing the proportion of female partners, with this year’s promotions coming in at almost 30%.
Mark Weinberger, EY Global Chairman and CEO, says: “Today’s promotions recognise the outstanding achievements of our people. Our new partners have been focused on providing services to our clients, leading high performing teams and contributing to our purpose and ambition. Despite an uncertain economy, we are still investing and these promotions are a tribute to the contributions these new partners have made to EY and our future. I’m proud of all that we’ve achieved together as an organization over the past year, and I am particularly proud of all our new partners.”
Nancy Altobello, EY Global Vice Chair – Talent, says: “I’m proud of our new partners and the successful careers that they’ve built at EY. As a major global employer, we are committed to attracting, developing and inspiring the best people. By developing their potential as future leaders at EY and beyond, we are building a better working world. I’m confident that this year’s class has the experience and leadership skills to meet the challenges of today’s business environment and make tomorrow’s businesses work better.”
On a geographical basis, the Americas area had the largest proportion of new partners, with 287 promotions (40%), followed by the EMEIA area with 275 promotions (39%). New partners in the Asia-Pacific area totalled 122 (17%); Japan had 30 (4%).
By service line, Assurance continued to account for the largest number of partner promotions, with 264 (37%). It was followed by Tax, with 200 new partners (28%); Advisory, with 151 (21%); and Transaction Advisory Services, with 90 (13%). Additionally, 9 new partners (1%) were named within business support.
EY continued to reaffirm its commitment to the advancement of women, with female partner promotions representing 29% (208), including women across all geographies and service lines.
EY has more than 230,000 people in 152 countries around the world.