EY announces 966 new partner promotions worldwide
The professional services firm EY has announced the promotion of 966 people to partner across the globe. Emerging markets represent a third of new partners, at 33%, according to a statement from the company.
Women make up more than a third of the new cohort, representing 329 promotions (34%).
Carmine Di Sibio, EY Global Chairman and CEO, says: “As we prepare EY to continue to thrive this year and beyond, I am delighted to congratulate our new class of EY partners on this impressive milestone as we celebrate the career progression of our new partner promotes.”
The promotions span across different regions, with EY member firms in Europe, the Middle East, India, and Africa (EMEIA) leading the pack with 41% of the new partner promotions, followed by the Americas area with 33% and the Asia-Pacific region with 22%.
New partners in EY member firms in the Asia-Pacific area totaled 216 (22%), including 69 from the Asean region, of which 43% are women.
Liew Nam Soon, EY Asean Regional Managing Partner, also Managing Partner for Singapore and Brunei, Ernst & Young Solutions LLP, says: “I congratulate our new partners in Asean who have reached a significant milestone in their careers. Collectively, they reflect our confidence in our future and commitment to invest in future generations of transformative leaders.”
Assurance accounted for the largest proportion of partner promotions with 304 (31%). It was followed by Tax, with 268 (28%), Consulting, with 262 (27%); and Strategy and Transactions with 111 (11%).
The new member firm partners will officially begin their new roles in early July. EY has more than 365,000 employees in more than 150 countries around the world.
Last year, the professional services firm promoted 1,033 individuals to partner positions across the globe, marking its largest ever cohort of new partners. Women accounted for 32% of the new partner class, while the Assurance service line represented a significant 33% of the promotions for the year.
Last year, the Big Four firm had announced its intention to split the audit and consulting units in response to concerns raised by regulators about potential conflicts of interest regarding the fairness of the audit arm's work for clients, but it has since reversed its decision and called off the plan.