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EY confirms 62 new UK equity partners

Jul 21
Tags: Ernst & Young LLP
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EY confirms 62 new UK equity partners

EY has appointed 62 new equity partners in the UK over the past year, reflecting its "confidence in the future and ability to help clients achieve their ambitions".

Of the equity partners appointed by the professional services firm, 33 were promoted internally and 29 were direct-entry candidates from competitors and industry.

Nearly one in six (15 per cent) new equity partners at EY are from a black and minority ethnic background, which exceeds the firm's ten per cent target, while 29 per cent - just below the rolling 30 per cent target - are women.

Offering his congratulations to the new partners, Steve Varley, the company's UK chairman, said these appointments represent a "vote of confidence" in each individual's leadership abilities.

He added: "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."

Maggie Stilwell, managing partner for talent, UK and Ireland at EY, said one of the organisation's aims is to create an inclusive culture defined by diverse mindsets, behaviours and actions.

She stressed that enabling people to fulfil their potential leads to better business results.

"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," Ms Stilwell added.

One of the immediate challenges for EY and other consulting firms over the coming months will be helping clients to negotiate the challenges and uncertainty created by Britain's decision to leave the European Union.

A recent forecast for EY Item Club offered some cause for optimism for the second quarter of 2016, with the weaker pound likely to boost export activity.

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Image credit: iStock/daizuoxin

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