Dina Abo-Onoq takes on chief country manager role for A&M in KSA

04 December 2018 Consultancy-me.com

Experienced advisor Dina Abo-Onoq has taken over as the Chief Country Manager of Alvarez & Marsal in Saudi Arabia, the first female Saudi national to head a professional services firm of its type in the Kingdom.

Alvarez & Marsel has appointed Dina Abo-Onoq to lead its country operations in Saudi Arabia. Taking on the role last month, Abo-Onoq’s appointment reflects what Alvarez & Marsal states as a growing demand for its services in the Kingdom, where the firm operates one of two regional offices alongside the UAE, while also aligning with its commitment to Saudi Arabia’s Vision 2030 agenda and efforts toward workforce nationalisation.

Tasked with cultivating client relationships and growing the firm’s presence in the Kingdom, Abo-Onoq brings over 18 years of advisory and leadership experience to A&M’s Riyadh office, specifically in the area wealth management, having crossed from her most recent position as local Head of Business Development for Indosuez Wealth Management, which recently sold a 20% stake of its subsidiary Azqore to Capgemini.

Prior to her nearly two-year stint with Indosuez, Abo-Onoq spent over three and a half years with Liechtenstein’s royal financial services entity LGT as a Director of Business Development in Dubai, before which she served as Vice President and senior financial advisor for both Merrill Lynch and BNP Paribas in Saudi Arabia. In addition, Abo-Onoq is an Executive Member of the Board of Directors in the Saudi International Chamber of Commerce.Dina Abo-Onoq, Chief Country Manager - Alvarez & MarsalAccording to A&M, Abo-Onoq is recognised as a local pioneer and one of the first female Saudi nationals to achieve executive status with several global financial services institutions, with her latest appointment as country leader in Saudi Arabia for a firm of A&M’s ilk further marking a first for the country’s high-end professional services sector. At A&M, Abo-Onoq joins Middle East co-leader Saeeda Jaffar, who was recruited by the firm as a Managing Director in 2016

“I am delighted that we are being joined by a seasoned professional with relevant experience and expertise,” said Jaffar of Abo-Onoq’s appointment. “Our two-prong focus on strategic advice and implementation has proven to be very successful in helping KSA institutions transform in line with Vision 2030. Dina’s appointment illustrates our commitment to the region and its goals. She will be an extremely valuable asset to our clients and our team.”

Abo-Onoq responded in kind: “I am excited to be joining such a reputable firm and leading its expansion into Saudi Arabia, as the Kingdom undergoes its economic and social reform programme with the implementation of the leadership’s Vision 2030. I believe my experience and network stand A&M in great stead to build a credible operation in the Kingdom. I look forward to helping A&M’s Middle East clients continue to grow and to maximise value.”

A&M has since Abo-Onoq’s appointment made an additional round of promotions within its Middle East operations, including new directors Marco Vögele, a former five-year Deloitte management consultant who joined Alvarez in 2016, and Sean Dedross, who joined A&M’s turnaround team last year after five years at PwC. The firm has also this year added Haroon Ansary and Pietro Castronovo as local senior directors, along with Ghazanfar Shah in August.

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.