Key People Moves – July

Key People Moves – July
1 August 2023 Patrick Morgan
In Journal

Continuing on the theme from June, July marks another steady month for promotions across EMEA, with firms consolidating their partnerships across strategic, operational, and financial functions. While there is some slowdown, high-profile hires are very much in the offing.

Capitalising on the exponential growth in the Middle East remains a key objective for major strategy consulting firms too, with a focus on infrastructure, digital, and sustainability topics.

Also, be sure to check out our first edition of Lessons In Leadership, where our Founder, James O’Dowd, discusses purpose, progression, and career tips with Magic Breakfast Founder – Carmel McConnell: LINK HERE

People Moves

BCG’s specialist supply chain and procurement arm, INVERTO, have hired Patrice Maheo from Accenture, where he will be their latest Managing Director and Co-Head of their Paris office.

Alvarez & Marsal have made four new additions to their Financial Services practice: Alan Coutts from the Investment firm abrdn, David Kane from EY, Stuart Herron from Deloitte, and Roberto Stucchi from EY-Parthenon.

Bain has hired former McKinsey Partner Bodo Körber to lead the Advanced Digital Technologies business unit across EMEA, with his particular sector focus being in Industrial Goods.

Usman Tahir has joined Roland Berger in the Middle East, where he will be positioned within their Aviation practice. He joins from Deloitte and brings five years of experience in management consulting and project management across the region.

The former Co-Head of Mastercard Advisors and Head of Business Development at Mastercard, Satvinder Singh, has joined LSEG (London Stock Exchange Group) as their new Group Head of Data & Analytics. Additionally, he will also lead the joint development of new products and services in LSEG’s strategic partnership with Microsoft.

Grant Thornton has hired Kevin Martin from EY, where he is now a Partner within their Financial Services Advisory division. His role will be to lead their Indirect Tax capability, where he will continue to serve clients on matters such as Brexit restructuring, agreeing partial exemption special methods, disposals and acquisitions and HMRC disputes, among others.

Furthermore, Alvarez & Marsal have also strengthened their Consumer and Retail practice through the hire of André Medeiros from PwC. André joins as co-lead of the Consumer and Retail practice in Europe.

The international advisory firm Quantuma has hired Craig Morrison, who will be based at their new premises in Edinburgh. Craig will bring his restructuring expertise with him, after nine years at FRP and prior to that, 18 years at RSM Tenon.

Moritz Hagenmüller has joined BCG’s Hamburg office as a Managing Director & Partner, where he will serve clients on digital transformation, M&A and transactions topics. Moritz joins from Accenture, where he was a Senior Managing Director.

Alvarez & Marsal Taxand have hired Kathy Lloyd, the former Payroll and Employment Tax Advisory leader at EY, and Chris Prout, a former Executive Director at EY. They have both joined the Reward & Employment Tax service line. Additionally, A&M have hired Rasmus Steiness from Deloitte, who will help build their Transfer Pricing practice both in London and Amsterdam.

Robin Roy has joined Alvarez & Marsal in their Riyadh office, where he will lead a newly formed practice dedicated to Governance, Risk and Compliance in the Middle East, within the Disputes and Investigations service line.

Promotion Season

Daniele Dal Corso joins the EY Partnership in MENA, bolstering their Wealth and Asset Management (‘WAM’) offering in the region. Daniele has spent over 12 years advising clients in the WAM sector on complex transactions, investment structuring and other cross border tax matters.

PwC UK is celebrating the promotion of Claire Fox to UK Transport and Logistics sector lead for Consumer Markets. Claire’s proven track record and expertise in her field make her a valuable addition to the Partner ranks, further strengthening PwC’s position in the consulting landscape.

EY-Parthenon UK&I reinforces their Partnership within Turnaround & Restructuring (TRS) with the promotion of Bryn Tucker and Sam Mills.

KPMG Saudi Arabia has appointed Oleg Ladnev to a key leadership role within their Deals business. Oleg’s extensive experience and expertise will play a crucial role in advancing KPMG’s services and supporting its clients in the dynamic Saudi Arabian market.

Strategy& welcomes a number of new partners into its Middle Eastern practices including within Energy (Anthony Yammine), Financial Services (Antoine Khadige) and Investments / Real Estate (Fady Halim).

EY is proud to announce Michael Hasbani as the MENA Markets Leader, recognizing his strategic vision and business acumen. With his new role, Michael is poised to lead EY’s market initiatives and drive success for the firm and its clients.

Steven Kok is celebrating a well-deserved promotion to Partner & Associate Director at BCG, recognizing his contributions to his consulting firm. With his elevated role, Steven is set to make an even greater impact on the firm’s success and continue delivering exceptional results to clients within Technology & Digital Transformation and beyond.

Bain & Company is making strides in its Brussels office with the appointment of two partners: Laurent Michiels, contributing greatly to the Private Equity sector, and Jelle Dhaen, making his mark in the Energy & Natural Resources (‘ENR’) practice with a focus on ESG..

EY Belgium is celebrating its latest Partner promotions, including Annelies Alaerts (Tax Partner), Maarten Bocksteins (Insurance Risk & Actuarial Advisory Services), Evelien De Groote (Audit), An Schoovaerts (Sustainable Finance & CFO Consulting) and Caroline Windels (Financial Services & CFO Consulting).

The PwC UK Deals Practice proudly admits 13 new Partners to its leadership team within Transactions (David Chong, Sally Graham, Manuela Munteanu and Matt Tomlinson), Value Creation & Realisation (Matt Curry, Eleanor Scott and Matthew Ward-Close), Lead Advisory (Rebecca Elnaugh and Jonathan Massam), Restructuring (Minesh Rana, Zeynep Turunc and Michael Willis) and Deals Insights (Georgie Bryce).

Market Intelligence

PMP Strategy is expanding its operations into the Middle East to capitalize on the region’s thriving opportunities in sectors such as Renewable Energies, Transport, Telecom, and Financial Services. As the Middle East’s consulting industry experiences rapid growth PMP Strategy aims to establish its presence in the region with offices in Dubai and Casablanca.

Cognizant has partnered with ServiceNow to enhance its AI offerings, aiming to help clients adopt AI-powered automation in various industries. The collaboration aims to create a combined business of $1 billion, leveraging ServiceNow’s platform and product solutions with Cognizant’s domain expertise to drive digital transformation, automate operations, and improve customer experiences through AI capabilities.

Monster Beverage Corp. is set to acquire “substantially all” of Bang Energy’s assets in a deal that follows Bang Energy’s parent company, Vital Pharmaceuticals, filing for Chapter 11 bankruptcy. The acquisition is subject to the approval of the US Bankruptcy Court, and while Monster is hopeful for the completion of the transaction, there is no guarantee of approval.

Kroll has significantly expanded its platform in the Netherlands by acquiring the talent of the BFI team. The BFI team specializes in complex business valuations, financial investigations, and disputes, and their addition to Kroll’s Valuation Advisory Services practice in the Netherlands enhances the company’s service offerings in the region, particularly in the restructuring-related valuation space.

Bain & Company has announced its plan to acquire Rainmaking’s APAC arm to enhance its business-building offering, NextSM, and expand its Innovation & Design capabilities in the region. The acquisition, subject to certain conditions, is expected to close at the end of July 2023 and aims to accelerate new business innovation, launch, and scaling services for clients across key markets in Singapore, Japan, and South Korea.

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