PricewaterhouseCoopers (PwC) has broken its own record by promoting 61 employees to equity partner status.
This is the third year in a row that the accountancy firm has increased its investment in staff.
Almost one third (28 per cent) of the new partners are female, bringing the firm’s total number of female partners to 174 – more than any other financial services firm. Almost half (40 per cent) of the new executive board will now be female.
PwC has also announced that 45 per cent of its new partners work outside of London, while four have flexible working arrangements. This follows the company’s past commitment to improve diversity among senior staff.
Ian Powell, outgoing chairman and senior partner at PwC, said:
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.
His successor, Kevin Ellis, concurred, adding that developing a diverse and inclusive partnership will remain “an ongoing priority” after he takes office at the start of July.