Monday 1 July 2019 1:00 am

PwC UK unveils bumper partner promotions round as it shakes up top team

Audit firm PwC UK has promoted 69 to its equity partnership and shaken up its top management team, it said today.

The number of promotions mark a 27 per cent increase on the previous year when the firm elevated 54 to its equity ranks.

The firm also hired 13 partners during the course of the year, taking its partnership to 944. 

Thirty eight per cent of the newly promoted partners are women and 16 per cent are black, Asian and minority ethnic.

The firm also shaken up its management board, appointing Marissa Thomas as head of its tax practice after two years leading deals with Ken Walsh stepping into her shoes.

Hermione Hudson will lead the firm’s audit practice and Sam Samaratunga will head the new risk assurance practice, with responsibility for services such as internal audit, cyber security and technology risk.

Earlier this month PwC announced it was investing £30m in its audit practice as part of a package of measures intended to boost quality.

The decision followed a period of intense scrutiny on the sector after a series of corporate failures and accounting scandals. 

Kevin Ellis, chairman and senior partner of PwC UK, said: “These appointments maintain the strong leadership of our core businesses, and represent the skills necessary to work with our clients as they respond to the external environment and to lead our people through our own technology and workforce transformation.   

“We are welcoming a talented group of new partners into our UK firm. They bring the diversity of thinking and experience needed to help our clients with the opportunities and challenges of the fourth industrial revolution.”