PwC promotes 61 partners, 17 women to bridge diversity gap

07 July 2016 Consultancy.uk

PwC UK has promoted 61 new equity partners – the most ever in one sitting. Of the new partners, 28% are women, reflecting the firm’s commitment to reducing inequality at its top. The firm has also sought to boost its mid-level gender diversity, 40% of the newly promoted directors are female, up from 30% last year. Additionally, the firm is continuing to support young talent from a diverse background, from university and school, into the professional services.

The promotions at PwC UK see the creation of 61 new equity partners. The new partners have a broad background – adding a range of backgrounds, skills and experience to the top of the firm. In addition the firm has added 27 new partners from outside the firm over the past year, an increase of 9 on the previous year. 

While the majority of the new partners are men, the firm has managed to boost the number of new female partners from 23% last year to 28% this year. In addition, the firm has sought to improve the availability of female talent, for promotion, in its pipeline – 40% of the newly promoted directors are female, up from 30% last year. Today the firm boast 174 female equity partners – more than any other professional services firm.

PwC promotes 61 partners, 17 women

The new partners, aged between 32 and 51, are for the majority (55%) working from the firm’s London footprint. However, the Big Four is also seeking to expand its presence within the regions, a move which, according to the firm, reflects “PwC’s commitment to investing in its business and clients across the whole of the UK.”

Young professionals
The firm is also recruiting more young people into its ranks, taking on 1,500 graduates and around 170 school leavers during 2016. The firm, like many of its UK rivals, has sought to reduce the barriers for educational attainment requirements – by removing UCAS points as a graduate entry criteria – as they often disproportionately selected for those from privileged backgrounds. In addition, the firm offers a Higher Apprenticeship in professional services, through which it has hired 500 higher apprentices since the start of the programme in 2012.

Ian Powell, former Chairman (he has been succeeded by Kevin Ellis per 1 July) and Senior Partner at PwC, says, “For a third successive year we have increased the number of new partners and have continued to improve the diversity of our senior people. These promotions reflect the importance we place on diversity, the role of the regions to the UK’s economic success and our commitment to investing in our people across all our client services.”

Kevin Ellis, Chairman and Senior Partner, adds, “Developing a diverse and inclusive partnership remains an ongoing priority. Building on the progress of the last few years will be vital to our future success.”

Ian Powell - Kevin Ellis - Gaenor Bagley - PwC

Gaenor Bagley, head of people at PwC, remarks, “Our aim to create a truly diverse workforce is starting to pay off and it’s great to see a higher number of female partners than last year. By focusing on diversity across all levels of the firm, right from apprenticeship and graduate entry through to the senior leadership level we are creating a workforce that more accurately reflects our clients and wider society. More of our new partners work flexibly, demonstrating that there isn’t a one-size-fits-all mould to being a partner in a professional services firm.” 

Last year, PwC promoted 57 new equity partners of which 13 where women, showing a gradual increase in females taking up senior roles. Many Big Four firms recently are making efforts to hit record numbers in partner promotions as well as gender equality, like for instance Deloitte UK who recently promoted 80 new partners of which 24 are women.

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Grant Thornton UK appoints five new Partners

23 April 2019 Consultancy.uk

Sergio Cardoso, Matt Maltz, Jessica Patel, Marc Roberts and Nick Warner have been appointed as partners at Grant Thornton. With the company undergoing a year of transition under new leadership, the new members will help consolidate the firm’s offering as it looks to reach new levels of growth in 2019.

2019 sees Grant Thornton’s UK wing undergoing a process of transformation. As the group looks to ensure its teams “provide the right level of support for profitable growth” and create an environment that “makes it easier for our people to do great work”, the firm has announced a succession of senior appointments across its regional divisions.

In February, this saw Chris Petts and James Bulloss named Partner and Director in the North East and Yorkshire respectively. Now, the UK’s sixth-largest auditing and consulting firm has confirmed the installation of a further five Partners across its UK team.

Sergio Cardoso is a long-standing Grant Thornton employee, having joined from Daniel Auerbach & Company – where he was an Accountant – in 2005. Cardoso rose steadily through the ranks since then, taking up his most recent role as Audit and Assurance Director in 2015. In that role, he focused on dynamic, fast-growing and entrepreneurial private companies, as well as multinational and AIM-listed groups. He now takes up the position of Partner in Grant Thornton’s audit practice.

Grant Thornton UK appoints five new Partners

Nick Warner has been appointed as a partner in Grant Thornton’s VAT team based in London. Bringing more than 20 years of experience in tax to the role, Warner joins the firm from Moore Stephens, where he most recently was VAT Partner, during a five-year stay with the firm. Prior to that, Warner was a Partner in VAT at BDO and PKF UK. He also spent five years at HMRC as a Higher Executive Officer.

Matt Maltz is the first of three Partner appointments in Grant Thornton’s real estate tax division. A former EY Partner in real estate tax, Maltz spent 17 years with the Big Four firm. In his new position with Grant Thornton, he will tackle similar client areas, as a Partner in real estate tax.

Jessica Patel has also been promoted as a Partner in the firm’s real estate tax practice, having been with the firm for more than 15 years. Patel joined Grant Thornton as a trainee in 2003. She is a licensed member of both the Association of Tax Technicians and the Chartered Institute of Taxation. As a Partner, Patel will advise a wide variety of clients ranging from UK property investors and developers to overseas investors and property funds.

Marc Roberts is another Big Four alumnus to join Grant Thornton as a Partner. Roberts exited EY to take up his new position, having been an Associate Partner and real estate advisory lead at the company. With more than 25 years of experience in the financial services sector, Roberts also formerly held a Directorship and headed the corporate finance real estate advisory team at fellow Big Four firm PwC.