KPMG, PwC and BDO appoint hundreds of partners
Large firms promote record numbers
Over 250 new partners have been announced by KPMG, PwC and BDO in a record number of appointments for the 2022-23 financial year.
KPMG has conducted its largest intake of partners with 121 joining from July.
KPMG Australia chief executive Andrew Yates said that the depth of the partner cohort displayed the firm’s commitment to attracting and developing senior talent, with 75 internal promotions.
“I am delighted to welcome a record number of new partners to the firm this year,” said Mr Yates.
“A large proportion of these appointments were made in technology roles, reflecting demand across the Australian business community, including our own firm, for digital transformation solutions.”
He said 43 per cent of the partners were women as part of the KPMG’s effort to achieve greater gender balance.
“We have actively been working to build a more gender and culturally balanced pipeline of future leaders,” said Mr Yates.
“Having an equal representation of gender on my leadership team allows me to experience first-hand how diversity truly brings different perspectives and ultimately leads to better decision making.”
PwC Australia has also announced an additional 107 partners will join the firm in the upcoming financial year, joining the 41 it appointed in January.
PwC Australia CEO Tom Seymour said that he was pleased to see the company grow with “some of the brightest minds in the country”.
“Our FY22 admissions has surpassed the previous year as the single largest intake of new partners in PwC Australia’s history,” he said.
“These promotions are a significant career milestone and demonstrate our commitment to building great career paths for our people across all our businesses.”
He said that PwC was also pleased with its diversification push.
“We’re also extremely proud of the hard work we’ve put in as a firm to make our partnership more diverse and inclusive,” said Mr Seymour.
“This financial year 41 per cent of our partnership admissions are female and 21 per cent are from non-European diverse cultural backgrounds.”
BDO has also appointed 37 additional partners, including 20 promotions and 17 lateral hires, increasing its partnership to 246.
BDO CEO partner Tony Schiffmann said the firm has based its hires around the culture that it has developed.
“Our culture is recognised in the market and is [evidenced] by the record increase in headcount, including a significant number of lateral hires this year,” said Mr Schiffmann.
“We have invested heavily in recent years and created a standout culture in the profession; it aligns with our brand promise of ideas people trust, and is a key element in our retention strategy – and a major drawcard for people looking to join our firm.
“At BDO, we’ve nurtured a distinctive culture with a strong value set and people are actively seeking out opportunities to work with us.”