Influx of new partners at PwC indicates long-term investment in the UK

Alys Key
Follow Alys
Jersey Seen As One Of The UK's Island Tax Havens
A quarter of the new partners are women (Source: Getty)

A raft of summer hires and promotions begin their new jobs today, as PwC UK adds 52 new partners to its ranks.

The London-headquartered professional services network has promoted 31 new equity partners in addition to 21 new equity partners recruited externally during the past year.

Read more: PwC is under investigation by the accounting watchdog over BT audits

Kevin Ellis, chairman and senior partner at PwC, said: “These partner promotions reflect our continued investment across the UK for the long-term success of our clients, our business and the wider economy."

Of the new partner intake, 27 per cent are female, while 40 per cent of PwC's 134 new director promotions are women. PwC is also the first professional services firm to report its gender pay gap under the governments new guidelines.

Read more: Gender pay: let’s make parity a reality

This comes as business minister Margot James yesterday urged FTSE 350 chief executives to hand over data to independent reviewers regarding the number of women in leadership positions in their firms.

Read more: Just 9 per cent of funding goes to women-led startups – this can't be right

Meanwhile across the pond, Wells Fargo Asset Management has been hoovering up former Black Rock talent with two new senior hires in its San Francisco office.

Jonathan Hobbs has been appointed head of U.S. Portfolio Solutions, having previously been co-head of Liability Driven Investments (LDI) with BlackRock. Kevin Kneafsey joins as a senior investment strategist with the Multi-Asset Client Solutions group. He has worked as a seniore advisor fro Schroders and was head of research for BlackRock's multi-asset team.

Related articles