Ernst & Young promotes 53 to partnership in Australia

18 June 2023 Consultancy.com.au 3 min. read
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More than 50 individuals have been promoted to EY’s partnership in Australia among a 1,000-strong global mid-year intake, combining with recent recruits to push the firm’s local tally to above 750.

The Australian branch of professional services firm Ernst & Young has made 53 mid-year partnership promotions – including 13 within its consulting division – to push its overall tally to above 750.

Part of a global intake of 966 new partners worldwide, the local elevations represent a small increase on last year’s numbers, with the firm noting that over 50 percent are female and at least one third identify as culturally and linguistically diverse.

Ernst & Young promotes 53 to partnership in Australia

“I am proud and delighted to welcome our new cohort of partners,” stated EY Oceania CEO David Larocca. “I am especially pleased that we are continuing to build a diverse partnership with a record number of female partners. Whilst we have more to do, advancing social equity and an inclusive workplace is a key part of our strategy as we continue to thrive. It’s positive to see these strong diversity outcomes, our best to date.”

The record number of female promotions – which at a ratio of 51 percent was up six points on last year – has increased the local firm’s overall representation at the partner level to 32 percent, with the global figure closer to one quarter according to data platform Statista. Indeed, Australia contributed more than 8 percent of the 329 female partnership promotions made by EY around the world, which collectively accounted for only a third of the total intake.

EY altogether appointed 91 new partners across its Oceania geography, including 29 recruits, with the firm’s Asia Pacific region welcoming just 216 in total compared to the 395 promotions made in Europe, the Middle East, India and Africa (EMEIA). EY’s consulting practice was also less prominent at the global level, the division’s 262 new partners slightly behind the Tax tally and the 304 promoted within the firm’s Assurance practice.

“It’s an honour to introduce this new partner class, with an impressive diversity of backgrounds, experiences and perspectives,” said EY global vice chair Trent Henry. “These dedicated individuals will be instrumental in helping us shape the future of the organisation, and truly illustrate that EY is a place where people can explore flexible, diverse career paths as they gain the skills and experiences they need to achieve their unique ambitions.”

Associate partners

In addition to the new partnership promotions, EY also elevated 26 Australia-based individuals across its various practices to the level of associate partner, a group that Larocca described as extremely talented. “We are delighted to acknowledge the value they bring,” the EY chief stated. “Our people are our greatest asset, and our new partners and associate partners represent the fabulous talent we have right across the firm.”

EY also appointed 26 associate partners in 2023. “Our new associate partners are an extremely talented group of individuals, providing vital services to our clients and we are delighted to acknowledge the value they bring”, said Mr Larocca. “Our people are our greatest asset, and our new partners and associate partners represent the fabulous talent we have right across the firm.