PwC creates 54 equity partners

PwC UK has promoted 54 equity partners, up from 31 last year, but says that progress on diversity is slower than the firm would like

Over a quarter (26%) of the new partners are female, up from 19% last year. This takes the overall gender diversity of PwC UK’s partnership to 19.4%, a slight increase from 18.5% last year. The firm reports the pipeline of females coming through into senior roles is strong, accounting for 40% of the newly promoted directors.

Of the new partners, 17% are black, Asian and minority ethnic (BAME), while 30% are based outside of London, which PwC says reflects its commitment to the regions.

Even though the promotions represent a diverse range of backgrounds, with more people who did not attend university, work on a part-time basis, or are from an ethnically-diverse background, the firm says there is still progress to be made to ensure the business is more representative.  

Laura Hinton, chief people officer at PwC, said: ‘While it’s encouraging to see that 26% of our new partners are female and 17% are BAME, progress is slower than we would like to shift the overall diversity of our partnership.

‘That’s why we’ve set a clear five-point action plan to accelerate our aim of achieving our gender and ethnicity targets. The plan includes changing our recruitment processes, how we allocate “career-defining” roles and increasing leadership accountability for reaching our diversity targets.’

Kevin Ellis, chairman and senior partner at PwC, said: ‘Our investment in new partners this year reflects the increasing demand from our clients for technology expertise, and for people with diverse thinking and industry experience.’

Report by Pat Sweet

 

Pat Sweet |Reporter, Accountancy Daily [2010-2021]

Pat Sweet was the former online reporter at Accountancy Daily and contributor to the monthly Accountancy magazine, pub...

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