PwC Welcomes 64 New Partners

29 June 2015

PwC today announced their new partners from 1 July 2015. A total of 64 individuals will be admitted to the partnership across all of the firm's businesses and most of its geographies.

CEO of PwC Australia, Luke Sayers said "these individuals have outstanding professional expertise and, most importantly, are role models for our firm's values."

"Our new partners bring a variety of background and experience to our clients having lived in, worked across, or delivered projects throughout Asia, North America, Latin America and Europe.

"The partners we've admitted reflect areas of future growth for our firm. Admitting six partners into our private clients business reflects our confidence that medium and large family and private businesses will continue to be a central pillar in our nation's economic future.

"More than a quarter of our new partners are from our Consulting business who, along with the partners we are welcoming from Strategy&, will continue to deliver on the firm's unique ability to meet client demand for both disruptive and innovative strategies, as well as the capability to work with clients to execute those strategies.

"We've also invested in growing our presence in Western Sydney. Last week we released research which shows that one-fifth of the nation's economic output comes from just 10 locations, with Macquarie Park amongst that list. With significant infrastructure spend in Parramatta about to come online, we want to ensure we are well placed to meet client demand in these emerging economic powerhouses.

"We are absolutely delighted with the talent we have coming through our firm and this latest group of partners reflects the very best of that talent.

"However, we are not satisfied with the gender split in this latest group of partners and we are working very hard to improve this number moving forward.

"We placed diversity and inclusion at the heart of our strategy 12 months ago and we have undertaken a number of actions to improve D&I across our firm, including a gender pay audit, our new all roles flex policy and the appointment of an external Diversity Advisory Board.

"We were also delighted to be named Australia's Top LGBTI employer at the 2015 Pride In Diversity awards, reflecting our commitment to create a truly inclusive work culture for all our people.

"The Executive Board and I are personally committed to building a more diverse and inclusive workforce and I am very pleased to announce our new diversity and inclusion targets for our partnership:

  • From 1 July, we will be adopting a target of 40:40:20 for our future partner intakes. This means that our aim will be to have a minimum of 40% women and 40% men making up our future partner admits. The remaining 20% can be either men or women.
  • Recognising the opportunities for our clients' businesses to grow overseas we are also introducing a target to increase the cultural diversity of our partnership, with the aim of 20%of our 2016 partner admits to be from a diverse cultural background, rising to 30% by 2020.

"We know our Diversity & Inclusion efforts this year will translate to tangible progress over the next 12 months and we are committed to this as a core priority for both our people and our clients," Mr Sayers said.

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