EY has appointed 62 equity partners to its UK business, a third fewer than in the previous year, but says the appointments reflect its confidence in the future, despite what the firm describes as ‘these uncertain times’
The firm has promoted 33 internal candidates in 2016, along with 29 direct entry partners from its competitors and industry.
This compares with last year’s record breaking appointment of 95 equity partners, 40% more than in 2014, including 44 internally promoted partners and a record 51 direct entry partners.
The firm says that of the current crop of 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. In 2015 EY exceeded both these targets, with 32% of new appointees women and 11% BME.
Maggie Stilwell, managing partner for talent, UK & Ireland at EY, said: ‘We continue to be committed to the diversity targets that we announced in 2013, and these drive much of our focus day to day creating an inclusive environment for all.
‘I am pleased with our progress so far and believe that it confirms our status as a destination professional services employer for female and BME talent. But we remain restless for more progress and to extend this leadership position. Our strategy for the coming years and planned activities will help with this ambition.’
Steve Varley, UK chairman, EY, said: ‘I would like to congratulate all our new equity partners. This is a significant achievement for each individual and a vote of confidence in their leadership. We have big ambitions for our business and our new partners have an important role to play in helping us achieve them.
‘These appointments reflect EY’s strong pipeline of high quality people, whose wealth of experience and talent enables us to respond to the global demands of our clients in a complex environment.’