KPMG confirms 94 new partners as firm pushes for 2025 diversity targets

KPMG boss Andrew Yates has announced 94 new partners as the consulting giant aims to hit 2025 diversity targets to have more women and culturally diverse staff in partner roles.

Audit and consulting giant KPMG Australia has announced a wave of new partners, with 55 promotions and a further 39 external hires taking on the role of partner in the firm.

The 94 new partners comes after the firm added 117 partners in June last year.

Of the new partner intake, KPMG said 43 per cent were women and almost 1 in 5 were drawn from culturally diverse backgrounds.

The addition comes as KPMG targets 40 per cent of partners in the firm being women by 2025. The firm is also aiming to have 20 per cent of partners in KPMG from a culturally diverse background by 2025.

KPMG chief executive Andrew Yates said he was “delighted” the firm was adding “such a diverse and energised group of new partners”.

“Their insights, commitment and depth of experience will support our clients’ needs, wherever they are across the country,” he said.

“We’ve had a focus on building our regional footprint, and this year opened two new offices – in Townsville and Geelong – and moved into larger premises in Parramatta.”

KPMG has enjoyed breakneck growth in its Australian business, adding almost 2000 staff in 2022. Picture: Getty Images

A number of the new KPMG partners have bolstered the firm’s regional presence, with a new partner joining the firm’s Darwin, Newcastle, Townsville, and Wollongong offices.

Five new partners will be based in KPMG’s Parramatta office.

Brisbane will welcome seven new partners, while another six will be based at the Perth office.

KPMG’s Canberra office will add a further six partners, while two will join the Adelaide operation.

Sydney will see 30 join the KPMG office in the city’s east, while 34 partners will join the Melbourne business.

Mr Yates said it was pleasing so many partners had come up through internal promotions “demonstrating attractive career pathways within our firm”.

“And the calibre of our external hires is also outstanding, bringing new backgrounds and experiences to the firm,” he said.

The audit and assurance business will add 10 new partners, while the consulting operation will see 39 new partners.

The mid-market business KPMG Enterprise will see 18 new partners, while the firm’s deal and advisory business will gain 14.

The Tax and Legal operation will see nine new partners.

Four partners will join the business services division.

The new additions come as several partners prepare to retire from KPMG on June 30.

KPMG abolished its mandatory retirement age of 58 two years ago.

However, the additions come in the wake of KPMG moving to cull nearly 200 roles across its almost 10,000 staff under a 2 per cent headcount reduction.

KPMG enjoyed breakneck growth in its Australian business, adding almost 2000 staff in 2022.

The American business also moved to slash jobs earlier in the year.