London-based professional services network EY said that 830 people across the world have been promoted to partners, including six from the Philippines, in what is considered the largest ever cohort of new partners within the group.
EY refers to the global organization of the member firms of Ernst & Young Global Limited, a multinational professional services network with headquarters in London, England.
In a statement, Wilson P. Tan, chairman and country managing partner of SGV & Co., a Philippine member firm of EY Global, announced the admission of new partners and principals to its roster of stewards and leaders.
These include Assurance Partners Benigno F. Leongson and Loubelle V. Mendoza, Tax Partners Michael A. Madlangbayan and Joanna Marie M. Tividad-Chica, Tax Principal Betheena C. Dizon, and Consulting Principal Randall C. Antonio.
“We are confident that our new Partners and Principals will further sustain SGV's transformative Purpose to nurture leaders and enable businesses for a better Philippines,” Tan said.
There are more than 300,000 EY people in more than 150 countries around the world. In 2020, the EY organization was named one of the World’s Best Workplaces for the sixth consecutive year by Great Place to Work® and FORTUNE, and the EY organization remains one of the world’s most attractive employers in Universum’s annual ranking.
The EY organization has also launched the EY Tech MBA by Hult, making the EY organization the first one to offer an entirely virtual MBA for free to all people irrespective of rank, location, or prior qualifications.
Right now, women and audit represent 34 percent and 26 percent of this year’s new partner class in EY, respectively, with the percentage of new women partners the highest ever. Similarly, emerging markets represent nearly a third of new partners, at 30 percent.
On a geographical basis, EY member firms in the Americas area had the largest proportion of new partners, with 341 promotions (41 percent), followed by Europe, Middle East, India, and Africa (EMEIA), with 290 promotions (35 percent).
New partners in EY member firms in the Asia-Pacific area totaled 199 (24 percent), which includes 45 from the ASEAN Region of which 42 percent are women.
“The success of the EY organization is made possible by these diverse leaders and their promotion is the result of their dedication to their clients, teams, and the EY purpose of building a better working world,” Carmine Di Sibio, EY Global Chairman and CEO, said.
By service line, Assurance accounted for the largest proportion of partner promotions with 270 (33 percent), of which 220 are within audit.
It was followed by Consulting, with 205 (25 percent); Tax, with 189 (23 percent); and Strategy and Transactions, with 145 (17 percent). Additionally, there are 21 new partners in business support (2 percent). The new partners will officially begin their new roles in early July.