Accenture adds 762 managing directors worldwide; one third in growth markets

14 December 2018 Consultancy.asia

Global professional services giant Accenture has capped another busy year with the addition of 762 new members to its managing and senior managing director ranks – one third of those added in the firm’s fastest growth markets such as Asia.

Following another year of record global revenues – now pushing the $40 billion barrier, with a $39.6 billion take announced for FY 2018 to September – and an ongoing acquisition spree across sectors in the past twelve months of the back of a $1.8 billion buy-up plan (including Adaptly, Enaxis, PrimeQ, SEC Servici and New Content so far this month) the global professional services giant Accenture has rounded out the year with 762 new senior elevations.

“Our new managing directors and senior managing directors truly embody what it means to be leaders at Accenture,” said Accenture’s chairman and CEO Pierre Nanterme, who was elevated to managing director himself more than two decades ago. “With their dedication to our core values, commitment to our people and superior service to our clients, they represent the future of Accenture and the best of a new generation of leaders in our industry.”Accenture adds 762 Managing Directors worldwide; one third in growth markets including AsiaAs a breakdown of the latest senior promotion round, nearly one third (229) of Accenture’s 721 new managing directors are women, with females also accounting for over a fifth of the 41 senior managing director elevations; the figure up 19 percent on the previous year. Meanwhile, geographically, one third of the promotions were in growth markets outside of North America and Europe, which roughly split the remainder between them.

According to the firm, the even spread of promotions reflect the diversity of its business, geographies, and unwavering commitment to equality. “We always look for ways to grow and innovate in how we develop and support our people,” Nanterme said. “Our ambition is to be the most inclusive and diverse company in the world – a true ‘culture of cultures’ – and this newest group of leaders will play a significant role in helping us get there.”

Yet, the roughly 250 senior promotions in growths markets such as Asia also likely reflects the global shifts in economic power toward some of these rapidly emerging regions – which together accounted for over $7.6 billion (or nearly 20 percent) of Accenture’s total revenues last year at a growth rate of plus 16 percent. In 2011, the firm named the nations of ASEAN, China, South Korea and India as among its primary target markets for strategic expansion.

According to figures from Forbes, Accenture’s world-leading outsourcing business accounted for nearly half of its total revenues last year, such that other sources suggest up to 200,000 or more of the firm’s nearly 460,000-strong staff-count across 120-plus countries are based in India and the Philippines alone. There are no reliable public figures on the number of Accenture managing directors in these two countries, but the firm also added around 200 in its growth markets last year.

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