Accountancy and consultancy EY appoints 669 partners globally

11 August 2017 Consultancy.uk

EY has appointed 669 partners worldwide over the past year. Of the 669 new partners, over a third (36%) come from an "emerging market", while 40% were based in Europe, 63 of whom reside in EY's UK offices.

Consulting firm EY has appointed and promoted 669 partners over the last year. Of all new partners, 30% are women – further supporting a recent diversity index which found EY as the 16th best employer for social mobility out of 100 firms across multiple sectors.

The most new partners were named in North and South America with 266 (40%). The EMEIA region (Europe, Middle East, India and Africa) meanwhile ranked second with 236 nominations (35%), while Asia Pacific region saw 131 ascensions (20%) and Japan saw 36 such promotions (5%). EY currently employ over 250,000 people globally, with a presence spread over 150 countries.

Number of partner appointments at EY

For the third consecutive year, partners from the emerging markets continue to represent more than a third of all partner promotions, making up 36% this year (up from 35% in 2016 and 33% in 2015). EY also continues to accelerate its commitment to gender diversity across the global organization, with women representing nearly 30% of this year’s partner class.

By service line, Assurance accounted for the largest number of partner promotions once again, with 255 (38%). It was followed by Tax, with 171 (25%); Advisory, with 154 (23%); and Transaction Advisory Services, with 78 (12%). Additionally, 11 new partners (2%) were named within business support.

Mark Weinberger, EY Global Chairman and CEO, said, “Our annual partner promotions represent a significant career milestone and I’m proud of our highly diverse and outstanding new partner class. These partners have been selected for providing our clients with exceptional service, leading our people in high-performing teams and embodying our purpose of building a better working world. I thank all of this year’s new partners for their leadership and contributions to our clients, people and communities, and wish them continued success.”

UK diversity

Since 2013, the firm has paid particular attention to diversity, by imposing a 30% female acceptance rate alongside a 10% Black and Minority Ethnic (BME) representation in its its UK firm. EY continues to exercise tight control over its new partners by measuring the firm’s intake every three years. The Big Four have each become members of the "30 per cent Club", whereby an organisation strives to promote equality by setting a minimum of 30% female representation on FTSE 100 boards by 2020. 

Current employment figures account for a 28% female intake, and an 11% BME intake in the UK in 2017. Competitors PwC and Deloitte have also released figures to indicate their progress in this regard, with PwC matching EY in its 27% female partner intake, and Deloitte not lagging far behind with 23%. PwC appointed 52 new partners and Deloitte had promoted 57 new partners in the UK in that time.

Maggie Stilwell, a current managing partner at EY commented, “Creating an inclusive culture, where diversity is celebrated and our people are free to be themselves is a firm priority. In such an environment individual can thrive and achieve their ambitions; it also makes for a better business performance.”

“Coupled with cultivating an inclusive and flexible working culture, we run targeted initiatives that support the progression of female and BME talent throughout the organisation. Our investment and efforts to strengthen our pipeline of future leaders are making a difference and will pay greater dividends in the future.”

 

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Rapid growth sees Quantum Advisory promote trio of partners

18 April 2019 Consultancy.uk

Three senior level consultants have been boosted to the rank of Partner at Quantum Advisory, as the firm works to meet heightened levels of client demand. Aled Edwards, Amanda Burdge and Chris Heirene become Partners as long-time Quantum member Rob Davies retires in May after 15 years as a Partner at the firm.

Founded in 2000, Quantum Advisory provides pension and employee benefits services to employers, scheme trustees and members, with five offices across the UK. The firm has enjoyed exponential growth in recent years, following a number of major client wins and booming demand for its services. It opened a new office in Bristol in 2016 to service the South West and in 2017 relocated its Cardiff office to a larger site within the Welsh capital to house the increased workforce. More recently, Quantum relocated its Amersham, Birmingham and London offices to more spacious premises in the centre of both cities to cope with demand.

The financial services consultancy, which employs 115 people across the UK, has promoted three senior team members to Partner, as part of its wider growth plans. The firm has moved Aled Edwards from Principal Consultant & Actuary, while Amanda Burdge has ascended from Principal Investment Consultant. Chris Heirene, former IT Manager, has also joined the ten current Partners at Quantum.

Aled Edwards most recently managed the actuarial team within Quantum’s Cardiff office as well as providing technical training for all staff. He boasts more than 17 years of pensions experience. He started his career as an Actuary at Jardine Lloyd Thompson’s Bristol wing, before joining Quantum in 2011. Edwards is also the President of the Welsh Actuarial Society (WAS), which supports actuaries and actuarial students living or working in Wales.

Rapid growth sees Quantum Advisory promote trio of Partners

Amanda Burdge joined Quantum’s team in 2001, as one of the fledgling firm’s first employees. Most recently she was a Principal Investment Consultant with the firm, and with more than a quarter of a century’s experience in the sector, she is responsible for providing investment advice to many of Quantum’s key clients with both defined benefit and defined contribution schemes. Prior to her time with Quantum, Burdge spent two years as a consultant with SBJ Benefit Consultants (now Capita), and three years with Tesco Pension Trustees. She currently sits on the Regulation Committee for the Pensions Management Institute.

Chris Heirene initially worked with Quantum as an IT Consultant with Teamwork Technology Services and then UES for over five years, before finally joining the firm itself in 2011. He is now responsible for Quantum’s IT systems across all of its offices, including the network and core server infrastructure which supports the business. Heirene is heavily involved in utilising IT to improve and build upon the processes in place throughout Quantum.

David Deidun, Partner at Quantum Advisory, said of the promotions, “This is a very exciting time for Quantum. The recent round of promotions fully recognise the hard work and dedication shown by the three, all of whom go above and beyond for the company. I’ve no doubt that Aled, Amanda and Chris will settle into their new roles with ease and look forward to working together to grow Quantum even further.”

The news comes as Rob Davies retires in May, after spending fifteen years as a Partner at Quantum. A qualified actuary, Davies was instrumental in setting up Quantum’s Investment Division, specialising in aiding clients with their investment strategies. He will remain with the company on a part-time consultancy basis, while working with several clients in the Fiduciary Manager area.