Bain appoints new leaders for Europe and MENA private equity practice

29 November 2018 Consultancy-me.com

Bain & Company has appointed new heads for its private equity practice in Europe, the Middle East and Africa – marking a series of moves in the segment for the firm across the globe.

Global management firm Bain & Company has appointed Europe, Middle East and Africa (EMEA) private equity practice leader Graham Elton as its new chairman for the combined region, with long-time Brussels managing partner Christophe De Vusser taking on Elton’s former role. The firm has meanwhile elevated Rebecca Burack to lead its private equity practice in the Americas, effective from the beginning of next year.

Graham Elton

A Harvard Business graduate and eight-year former BCG consultant in the UK, Elton has been with Bain for nearly two decades, appointed to lead the firm’s EMEA private equity practice in 2005. After more than twelve years in the role, during which time he increased Bain’s private equity business in the region eight-fold, Elton has now been appointed as the division’s new Chairman for the EMEA.

“As a leader in the firm’s Private Equity practice for many years, Graham has earned the trust of our most senior partners and industry leaders around the world,” said Bain’s global private equity practice leader Hugh MacArthur.  “His reputation and expertise will be invaluable to our largest private equity clients as they look to address their most pressing strategy, organisation and operations challenges.”Bain appoints new private equity leaders for EMEA practiceAccording to the firm, Elton will continue in his new role to advise senior deal-makers, CEOs and directors representing some of the Bain’s most important clients across the region, while also leading the practice’s engagement with industry forums in the region and providing ongoing guidance and professional development for its team of senior leaders – among them, Grégory Garnier, who leads the firm’s private equity practice in the Middle East.

Christophe De Vusser

Replacing Elton is Christophe De Vusser, who has led the firm’s Brussels office for the past six years since his appointment to managing partner in 2012. Like Elton, De Vusser has been with Bain & Company coming up on 20 years, developing extensive experience in deal advisory, due diligence and post-acquisition work across both corporate mergers & acquisitions and private equity clients, including portfolio companies owned by financial investors.

“Christophe is a key advisor to our clients with deep insights on the rapidly changing private equity landscape across Europe, the Middle East and Africa. I am confident that under his leadership, we will continue to strengthen our client and people assets and build on our reputation as a trusted advisor to the private equity industry,” stated MacArthur, with the firm noting that De Vusser will be tasked with accelerating the growth of Bain’s private equity business with a focus on business and client development along with external recruiting.

The leadership changes follow a recent push in Bain’s private equity practice across the globe, including the naming of current global head of post-acquisition Rebecca Burack to lead the firm’s Americas private equity division from the start of next year and the bolstering of its partnership ranks across Europe. In recent months, Enver Adakan and Hendrik Lamché were elevated to partners in Germany, where the firm recently opened its fourth country office, while former Roland Berger CEO Martin Wittig joined the firm’s Financial Service practice in Switzerland.

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

16 April 2019 Consultancy-me.com

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 Leanin.org, 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.