ADL recruits financial services veteran Pierre Mariani as partner

22 April 2021 3 min. read

Financial services veteran Pierre Mariani has joined Arthur D. Little as a partner in Dubai, following his recent two-year stint as a managing director with AlixPartners.

Global management consultancy Arthur D. Little has welcomed Pierre Mariani as a partner in its Financial Services practice, with Mariani to be based out of Dubai. In addition to AlixPartners, Mariani has served as a senior partner at Roland Berger and also acted as a senior advisor to Bain & Company through his own consulting enterprise. Altogether, Mariani has amassed over 35 years of financial services industry experience.

“Pierre is a veteran of the industry who I’m sure will make a major contribution to our Financial Services practice,” said Arthur D. Little Middle East managing partner and global board member Thomas Kuruvilla. “He has tremendous international experience through management, board positions and consulting activities in Europe, the Middle East, Africa and US, while his areas of expertise include development, transformation and restructuring strategies.”

Pierre Mariani, partner, Arthur D Little

After a decade-long career start in France’s Ministry of Finance, Mariani moved into the financial services sector and was soon enough serving in various international leadership roles with BNP Paribas, including as deputy CEO and covering retail banking, M&A and private equity among other segments. From there he was appointed as CEO of commercial retail lender Dexia to guide its restructuring in the wake of the global financial crisis of 2008.

Mariani has since been applying his expertise as a salaried senior consultant, firstly over a four-year stint with German-origin management consulting firm Roland Berger in Dubai, before then joining the local office of AlixPartners in late 2018. On his latest switch, Mariani said, “Banks and financial services companies need to reshape the organisational structure of their businesses, and I believe that Arthur D. Little is particularly well-placed to help them achieve this.”

Delving deeper, partner continued, “As with all other industries, financial services is still adapting to the new age of digitalisation. While technology promises operational efficiencies through quicker decision-making and a reduced need for physical presence, the financial ecosystem is more competitive than ever, with new players and convergent industries threatening to erode the market share of traditional institutions.”

Mariani follows Lokesh Dadhich as the firm’s most recent partnership addition in the Middle East.

Meanwhile, another regional financial services consulting veteran, Neil Reid, has departed the Middle East to join AlixPartners as a managing director in London. Reid joined the firm after more than 25 years with management consultancy Oliver Wyman, where he served as managing partner for the Qatar office and led the firm’s financial services practice for the EMEA.