Anil Pandey, Shihab Elborai and Sevag Papazian partners at Strategy&

03 August 2018

Strategy& has appointed three new partners in the Middle East: Anil Pandey, Shihab Elborai and Sevag Papazian. All three have been promoted from the firm’s internal ranks.

The new partners take the size of the leadership team of Strategy& in the Middle East to 29. The firm, formerly Booz & Company and part of the PwC network, has more than 400 employees in the region serving clients from six regional offices, based in Abu Dhabi, Beirut, Cairo, Doha, Dubai and Riyadh. The team works for clients across a broad range of industries, including consumer and retail; energy, chemicals and utilities; engineered products and services; health; the public sector; private equity; real estate, and telecommunications, media, technology, and digital.

“Our partner class continues to grow not only in number but in its rich and diverse set of capabilities, differentiating us even further in the market and reinforcing our commitment to our clients,” said George Sarraf, Managing Director of Strategy& in the Middle East and a member of the firm’s EMEA Core Leadership team.

The three promotions at Strategy& are part of a wider partner appointment round within PwC Middle East, with a total of 32 admitted into the firm’s partnership, a record for the professional services firm against a backdrop of strong growth for PwC in the region. Last year PwC Middle East, which has around 4,300 professionals, grew its revenues by over 8%, outperforming the firm’s global growth rate (7%).

Anil Pandey

Dubai-based partner Anil Pandey is a member of Strategy&’s Energy, Chemicals, and Utilities practice. He has over 19 years of experience in the oil & gas sector including 10 years in management consulting with a focus on the upstream segment. He specialises in advising major national oil companies (NOCs) in the region on their corporate strategy formulations and execution, performance improvement, and operating model design and implementation. He most recently helped a NOC with launching an integrated downstream subsidiary, a MENA government with the establishment of an R&D center, and a major Middle East NOC with a large restructuring programme.

Pandey holds a Bachelor of Technology in manufacturing science and engineering from the Indian Institute of Technology, Kharagpur, and a Diploma in corporate finance from London Business School.

Anil Pandey, Shihab Elborai and Sevag Papazian partners at Strategy&

Shihab Elborai

Also a partner in Strategy&’s Energy, Chemicals, and Utilities practice, Shihab Elborai serves energy players across the GCC, the Middle East, and North Africa on issues related to strategy, energy policy, sector governance, and regulatory framework design. He also works with large public-sector entities and state-owned enterprises to improve their operating model and organisational structure.

Elborai has been with Strategy& since 2015, prior to which he worked for Dussur in Saudi Arabia and for McKinsey & Company in Dubai as an Engagement Manager. Before that, he spent eight years with the Strategy& legal predecessors Booz & Company and Booz Allen Hamilton, working from the offices in Washington DC and Beirut.

Among the engagements he has recently worked on are: developing a 20-year national energy strategy for one of the largest petroleum-producing countries in the Middle East, overseeing a spin-off strategy for a government-owned utility, designing an electrical power business strategy and partnership model for a national oil company in GCC, and helping a North African electrical utility with building the capabilities of the planning team.

Sevag Papazian

After graduating from the American University of Beirut with a bachelor’s in computer and communications engineering (Sevag Papazian also holds an MBA from France’s prestigious INSEAD) Papazian worked for five years as a digital expert at IT services firm Murex. In 2010, Papazian joined Strategy&, and building on his nearly 14 years of experience and track record in technology and consulting, he has been promoted to partner in the firm’s Telecommunications, Media, Technology, and Digital practices in the Middle East.

Papazian works with clients on digital transformation agendas – he specialises in corporate digital strategies, technology-enabled transformations and technology-led performance improvement. He also works with public sector entities on national digitisation strategies and governance models. In addition to his client work, Papazian has co-authored several Strategy& reports in recent years, including a number of which have been featured on (‘GCC sharing economy reaches $10 billion mark’) and (‘MENA telecom industry on the verge of M&A wave’).

With the new partners in place, Sarraf said that Strategy& prides itself on “delivering an essential advantage to clients through the diverse range of skills and extensive expertise of our leadership team”. He further added that he is confident that Strategy& will be able to enhance its customers' propositions and further capitalise on the growing demand for its services. The strategic consultancy firm enjoys a particularly strong presence in the region, leveraging its heritage in the Middle East which traces back to 1993.

In 2017, Strategy& Middle East promoted Frederic Ozeir and Marwan Bejjani to partner level.


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Carlos Ghosn's daughters get their career starts in strategy consulting

16 April 2019

With the Ghosn affair taking yet another twist, this time concerning allegations in Oman, the world’s media remains gripped.

A highly celebrated figure in Lebanon, the case of ex-Nissan and now ex-Renault head Carlos Ghosn has captivated the media round the world, with his re-arrest and detainment in Japan on further embezzlement charges last week – this time concerning allegations in Oman – delivering the latest twist in the saga. For his part, Ghosn continues to deny the charges, labeling the latest allegations of financial impropriety as “outrageous and arbitrary”.

Much of the media fascination stems from Ghosn’s remarkable story. Born to Lebanese immigrants in Brazil, Ghosn spent much of his youth in Lebanon before moving to Paris to pursue an engineering degree – and in almost no time arriving at the very top of the global automotive industry as a feted turn-around specialist, having rescued both Renault and Nissan from probable ruin. The other factor; a cultivated lifestyle of celebrity glamour.

Front and centre in that image was Ghosn’s young family, including a son Anthony and three daughters – Caroline, Maya and Nadine – who have all grown into their own spotlight in the international business and entrepreneurial worlds. And in line with that A-list background, all three of his daughters got their career starts at the crème de la crème of the strategy and management consulting world; prestigious MBB firms McKinsey & Company and BCG.The Ghosn family affair with the international consulting sector  The eldest Ghosn daughter, Caroline, joined McKinsey in 2007 following a BA in International Relations at Stamford University – before founding professional career network Levo in 2011 with three of her McKinsey associates. Her husband, Nicholas Flanders, CEO and co-founder of carbon reduction tech-company Opus 12, (and former COO of Levo), is likewise an alumnus of McKinsey – serving for three and a half years alongside Ghosn in the firm’s New York office.

Carlos Ghosn’s second daughter got her start at Boston Consulting Group.  A regonised name in luxury fashion as the founder and creative director of Nadine Ghosn Fine Jewelry, her brand counts and Beyoncé and the recently deceased fashion icon Karl Largerfeld among its celebrity clientele. At BCG, Nadine, who also graduated Stamford, served as an associate in the firm’s luxury and consumer goods practice before joining a management programme at Hermès.

Like her eldest sister, Ghosn’s youngest daughter Maya joined McKinsey’s New York office – spending over three years there as an engagement manager before departing in 2016. Maya is now Manager, Housing Affordability for the Chan-Zuckerberg Initiative, founded by Mark Zuckerberg and Pricilla Chan to promote social equality. Incidentally, Facebook’s Sheryl Sandberg, a former McKinsey consultant, has been a mentor to Caroline and also founded, where Maya first started out as an intern.

Carlos Ghosn’s son Anthony – who has now been embroiled in his father’s affair with accusations of money being funneled via Oman toward his financial services start-up, Shogun (where he is CEO but has not been accused of any direct involvement) – didn’t get his break at an MBB, but his step-brother, Anthony Marshi, the son of Carlos Ghosn’s second wife Carole Nahas, is a partner with BCG in New York according to French newspaper Le Figaro.