EY announces 675 new partners worldwide

-- Record partner promotions as economic growth and sentiment improves

-- Overall headcount grows to 190,000

LONDON, July 1, 2014 /CNW/ - EY has today announced that 675 of its people will become partners across the member firms of its organization, an increase of 33% compared to 2013 and the highest promotions to partner ever at EY.

Mark Weinberger, Global Chairman & CEO of EY, says:

"I am very proud of our new member-firm partners and would like to congratulate all of them. Each of them has demonstrated great success in delivering exceptional client service, strengthening our business, building highest performing teams and helping play our role in building a better working world.

"We have many very talented people at EY and this year's marked increase in new partner numbers reflects both the strength of the people we have coming through the ranks at EY and our confidence in the future growth of our organization and of the clients that we serve."

New partner promotions globally were as follows: Americas, 295 (up from 240 in 2013, a 23% increase); EMEIA, 237 (up from 162 in 2013, a 46% increase); Asia-Pacific, 115 (up from 80 in 2013, a 44% increase); and Japan, 28 (up from 27 in 2013, a 4% increase).

Weinberger comments: "We continue to grow our teams in all regions and we are particularly pleased by the growth of our partner numbers across the emerging markets. We had 28% of new partner promotions within the emerging markets, demonstrating the talent, success and growth potential in these countries."

Across service lines, the largest volume of new partner numbers was in Assurance at 37% (253) of all promotions, followed by Tax with 27% (183), Advisory with 24% (159), and Transaction Advisory Services with 10% (64). There were 2% (16) of promotions within business support.

Women also feature prominently in the promotions, making up 26% of new partners. Two more women have been appointed to the Global Executive board, the firm's most senior management body, increasing the percentage of women members to 25%.

Weinberger says: "At EY we have long been champions of women in the workplace and the benefits of greater gender balance is proven."

Overall headcount grows to 190,000

In fiscal year 2014, overall people numbers rose from 175,000 to 190,000 globally.

Weinberger continues: "Our success depends on attracting the best people to our organization. We invest in nurturing their natural talent and helping to develop them into our next generation of leaders. We plan to be a very active recruiter at all levels as we strengthen our integrated services offering to our clients worldwide."

A year on

Weinberger concludes: "A year on from launching our new brand name, EY, and our purpose, Building a better working world, the increase in new partner numbers is a reflection of the positive momentum in our business. Part of our purpose is to help foster sustainable growth for our clients and, in so doing, for our own business. Our new partners will further strengthen our organization and ensure we continue to do this."

Area:

No. of partners

No. of female partners

Americas

295

88

Asia-Pac

115

35

EMEIA

237

48

Japan

28

3

Total

675

174

About EY

EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.

This news release has been issued by EYGM Limited, a member of the global EY organization that also does not provide any services to clients.

Tehira Taylor
EY Global Media Relations
+44 20 7980 0703
tehira.taylor@uk.ey.com

SOURCE EY

For further information:

http://www.ey.com