EY appoints 733 new partners worldwide
Big four consulting firm EY has announced that 733 employees worldwide have been promoted to partner. Of those promoted, 30% are women, while 33% are within emerging markets.
The number of women partners comes on the heels of analysis that 10 consulting firms, EY among them, rank among the 100 best places to work for women in the UK. Looking at the bigger picture, a study from Boston Consulting Group showed a correlation between diverse leadership and innovative and financial performance, with companies reporting above-average diversity on management teams also reporting 19% higher innovation revenue than those with below-average diversity. Additionally, a study by Oliver Wyman reports improved private equity and venture capital returns for gender diverse organizations.
Geographically, the EY firms in the Americas area will receive 264 partners, representing 36% of the total. The Europe, the Middle East, India, and Africa area sees 275 new partners, or 38%, and Asia-Pacific sees 164 new partners, or 26%.
“Congratulations to all the new partners around the world on this exceptional career milestone,” Carmine Di Sibio, EY global chairman and CEO, said in a press release. “The growth and success of our organization are made possible by the contributions of this diverse group of leaders who represent our values, lead high-performing teams, and help EY clients navigate disruption every day.”
The firm’s assurance practice represents 33% of new partners. This is followed by tax (26%), advisory (25%), transaction advisory services (15%), and business support (1%).
The partner class of 2019 is slightly smaller than last year’s, when 747 were promoted, but larger than 2017 and 2016, when 669 and 714 were respectively promoted.
“I’m incredibly proud to celebrate the achievements of the 733 new partners around the world. At EY we’re focused on developing dynamic leaders who are motivated by our purpose, and this year’s new partners continue to demonstrate their commitment to leading EY teams, finding innovative ways to address client challenges, and building a better word,” Trent Henry, EY global vice chair, said.
EY employs more than 270,000 people in more than 150 countries. It has been named one of the world’s best workplaces for four consecutive years by Great Place to Work and Fortune magazine.
