Big four advisory firm EY has announced that 747 people globally have been promoted to partner. The firm said that this represented the largest increase in partner promotions since 2015, and a 12 percent increase on 2017.
For the fourth consecutive year, partners from the emerging markets and audit continue to represent around a third of all partner promotions respectively, at 32 and 29 percent. EY also continues to accelerate its commitment to gender diversity across the global organization, with women representing nearly 30 percent of newly promoted partners for the past three years.
Mark Weinberger, EY global chairman and chief executive, said: "This year we are proud to welcome another diverse, high-achieving and sizeable group of new partners. These individuals have reached a major milestone in their career by representing our values, providing quality and innovative services to our clients and ultimately embodying our purpose of building a better working world. Developing dynamic leaders who support our clients and our high-performing teams is an essential part of EY's success. I congratulate each and every one of the new partners on this well-deserved achievement and I wish them continued success in their careers."
On a geographical basis, the Americas area had the largest proportion of new partners, with 290 promotions (39 percent), closely followed by the Europe, Middle East, India and Africa (EMEIA) area with 285 promotions (38 percent). New partners in the Asia-Pacific area totalled 137 (18 percent) and Japan had 35 (five percent).
By service line, assurance accounted for the largest number of partner promotions once again, with 264 (35 percent). It was followed by tax with 187 (25 percent), advisory with 174 (23 percent), and transaction advisory services, with 106 (14 percent). Additionally, 16 new partners (two percent) were named within business support.
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