Raymond Doherty 10 Jul 2017 04:18pm

EY promotes 669 new partners globally

The number of promotions at the Big Four firm is down for the second year in a row

In 2016 EY promoted 714 people worldwide to partner, which was fewer than the record number of 753 in 2015.

This year almost 30% of the 669 new partners are women (a slight increase on last year) and 36% are from emerging markets, up from 35% in 2016.

The largest group of the 2017 new partners are based in the Americas with 266 promotions (40%), followed by the Europe, the Middle East, India and Africa (EMEIA) area, with 236 promotions (35%). There were 131 (20%) new partners in Asia-Pacific and Japan had 36 (5%).

Assurance again was the largest service line by quite a distance with 255 (38%). Tax was second with 171 (25%), advisory had 154 (23%) and transaction advisory services, with 78 (12%). There were 11 new partners (2%) named within business support.

“Our annual partner promotions represent a significant career milestone and I’m proud of our highly diverse and outstanding new partner class,” said Mark Weinberger, EY global chairman and CEO.

EY, which is the third largest accountancy firm globally, employs more than 230,000 people in 152 countries around the world. It is still a long way from the top two with income of £21.35bn (3% growth year-on-year).