EY poaches half of new partner from rivals as UK promotions beat PwC and Deloitte

Oliver Gill
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EY was formerly known as Ernst & Young (Source: Getty)

EY, the third largest of Britain's Big Four accountants, today revealed it has appointed more new UK partners than larger rivals PwC and Deloitte.

Hot on the heels of an announcement it had made 669 new partner promotions globally earlier this week, EY said 63 had been admitted into the partnership in the UK.

The figures compare with 52 partners appointed by PwC and 57 by Deloitte, both announced earlier this month.

EY poached almost half (29) of its new partners from either competitors or from industry.

Read more: EY new partner numbers fall for second year in a row

All of the Big Four accountancy firms are members of the "30 per cent Club", an organisation aiming to achieve a minimum of 30 per cent female representation on FTSE 100 boards by 2020. EY has a target of new partner hires being at this level on a rolling three-year basis.

However, as with its rivals, EY missed its mark, with just 27 per cent of its new partners being women, the same as PwC. Deloitte, which has a target of 25 per cent, said 19 per cent of its partner promotees were women.

EY also aims for 10 per cent black and minority ethnic (BME) representation in the new partner pool. It beat this target, with 13 per cent BME representation.

“Creating an inclusive culture, where diversity is celebrated and our people are free to be themselves is a firm priority. In such an environment individuals can thrive and achieve their ambitions; it also makes for a better business performance," said EY managing partner for talent, UK and Ireland, Maggie Stilwell.

Read more: PwC adds 52 new partners to UK office

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