“This year’s promotions take in a wealth of specialist technical expertise and industry knowledge. In keeping with the latest ONS statistics for the services sector, our own performance for the year is strong. Our promotions reflect the types of business opportunities we are seeing, particularly for advisory services, including regulation and strategy, plus big market issues such as banks divesting portfolios of ‘non-core’ loan books and infrastructure finance. The international expertise of our new partners and directors is also a major strength, with many assisting UK companies chasing growth in the emerging markets."
“Financial services is a high growth sector for us and accordingly 20% of our new partners advise businesses in this field, notably in the banking sector where we are seeing substantial business model and culture change. We’ve also promoted specialists at the heart of the biggest issues society faces, for example transport or healthcare."
“While the range of skill sets and experience of our new partners and directors is diverse, it is disappointing that we have been unable to make sufficient change to the existing gender balance at our top grades. This year’s promotions reflect our existing gender diversity ratios of 14 per cent female in the partner group and 27 per cent in the director group. Recruiting, retaining and promoting talent is essential to any large, growing business. This year’s candidates are our brightest and best but it is clear we need to do more to ensure the diverse mix we see at graduate level is maintained on the path to senior grade.”
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Sorrelle Cooper, Senior PR manager, KPMG
T: 020 7694 8527
M: 07932 078218
KPMG Press office: +44 (0) 207 694 8773
KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with over 12,000 partners and staff. The UK firm recorded a turnover of £1.8 billion in the year ended September 2012. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 156 countries and have 152,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. KPMG International provides no client services.
This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.