London: EY has appointed 68 equity Partners to its UK business in the last year, including a record 39 new admissions announced this month and 29 direct entry Partners from its competitors and industry.
EY says this demonstrates the strong growth it has experienced over the last year and prepares it for future growth as the market continues to recover.
Steve Varley, Chairman and UK & Ireland Managing Partner at EY, says, "I would like to congratulate all our new Partners. This is a great achievement for each individual and a vote of confidence in their leadership. We have exciting times ahead of us with big ambitions for our business and are very confident in the UK's future economic growth. Our new Partners have an important role to play in helping EY respond to this growth and providing our people with fantastic career opportunities and experiences."
Liz Bingham, Managing Partner for Talent, UK & Ireland at EY adds, "With growth comes opportunity, which is why we have appointed more UK equity Partners than ever before. We have many talented people at EY and this year's new Partner appointments reflect the high performing culture we have at EY 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."
Of the 68 partners appointed over the last year, 13 are women and eight are BME (Black and Minority Ethnic) which takes the Partner population to 17% female and 3% BME. Over 30% of EY's leadership team are women.
Bingham says, "While we are moving in the right direction to achieve our goal of a more diverse workforce, it is still clear that we must continue to keep diversity at the heart of our business in order to support the UK's focus on this important issue. Diverse teams make better business decisions — it's a commercial imperative."
Varley concludes, "Key to this year's success is the long term view taken throughout the recession to continue to invest in our Partners and people while continuing to recruit the best people in the market. This provided a strong pipeline of high quality, home-grown Partners and complementing this was the admission of 29 direct entry Partners bringing a wealth of experience and talent to help with EY's future growth ambitions."