Risk and wealth advisory Prometeia open office in Cairo to serve the Levant

19 June 2018 Consultancy-me.com

Italy-based wealth and risk management consultancy Prometeia have launched an office in Egypt as a new operational hub for the Levant.

Founded in Bologna in 1974, Prometeia now operates beyond Italy through bases and representative partnerships in London, Moscow, Istanbul, Lagos and it’s most recently established outlet in Kuwait City, serving clients such as banks, institutional investors and financial services providers through a mix of economic research, analysis, consultancy, and software solutions.

Adding to the mix is a new office in Cairo, intended to serve as an operational hub for the greater Levant, which includes Israel, Jordan, Lebanon, Palestine, Syria, Cyprus and Iraq. The new office in Egypt, the firm says, demonstrates its intention to consolidate its presence in the Middle East region, where it has been active over the past ten years.

As to the Egypt itself, the firm says its practice in the country has been rapidly growing due to long-term collaborations with several local banking groups for which Prometeia provides advisory services, along with software solutions and models for financial and credit risk and credit decision management focused on the corporate, small-to-medium enterprise and retail sectors.Risk and wealth advisory Prometeia open office in Cairo to serve the LevantMassimo Pedroni, Prometeia Senior Partner and Head of International Business, said; "Prometeia has been a pioneer in the Egyptian market since 2010, when we started our first project with one of the Top5 lenders of the country, revolutionising its risk management infrastructure and rethinking completely its credit origination process. Now this bank is considered a benchmark of excellence in the local market and we are proud to say that Prometeia contributed significantly to its spectacular growth.”

In Egypt, the firm currently has a local headcount of ten-plus professionals, with a mix of Egyptian consultants, Arabic-speaking specialists from other Middle Eastern locations, and subject matter experts from Prometeia’s European offices. Altogether, the firm boasts of over 800 industry experts, serving upwards of 200 customers across 20 countries, including both private and public institutions.


In the highly regarded RiskTech100 awards issued by Chartis Research in collaboration with Big Four accounting and advisory firm EY, Prometeia was named a 2018 category leader in both the RiskTech and FinTech Quadrants; the former as one of the highest scoring vendors for enterprise stress-testing and reporting and visualisation capabilities, and the latter for data integrity and control solutions for financial services, scoring highly for artificial intelligence and machine learning as well as audit and data lineage, alerting, and workflow capabilities.

Andrea Partesotti, Prometeia’s Head of Enterprise Risk Management, said of the recognition, which followed RiskTech100 category leadership acknowledgment for the firm in 2016; “This is confirmation of the quality of our solutions in the traditional field of Credit Risk, in which we have been consolidating our leadership across EMEA; but also of our double-digit growth in the world of Advanced Analytics, where we have been increasingly investing.”

Prometeia’s founder and current chairman Angelo Tantazzi, served for over ten years as the Chairman of Borsa Italiana, from July 2000 to June 2011, and held the role of Vice President at the London Stock Exchange from 2007 until 2010. In addition, he was a Professor of Economic Policy at the University of Bologna over a nearly two-decade period, and has served on numerous national advisory committees to various branches of the Italian government.


More news on

Global strategy consultancy CVA launches first Middle East office in Dubai

10 April 2019 Consultancy-me.com

The boutique global strategy consultancy Corporate Value Associates has launched an office in Dubai – to be led by 20-year consulting veteran Olivier Staub.

Global strategy consulting firm Corporate Value Associates (CVA) has launched its first Middle East office in Dubai, adding to its existing network of 17 offices across Europe, the US and Asia Pacific. The new office will be led by Olivier Staub, a strategy consulting veteran with over 20 years of international consulting and business development experience – the last 14 of those based out of Dubai.

Established in 1987, CVA has grown to a team of more than 250 advisors worldwide, serving  clients with strategy needs across multiple sectors, including energy & utilities, financial services, mining & materials, TMT, transportation and defence. Recently, the consultancy was named by Decideurs Magazine as among the top strategy consulting firms to the industrials segment in France.

The launch of its first Middle East office is a significant step for CVA, which places a particular emphasis on its global network. “We ensure that learnings from work in one country are quickly disseminated to others – best practices are transferred not just between industry practices, but also across geographies. Global staffing and training guarantee there is one global standard: the CVA standard,” the firm states.Global strategy consultancy CVA launches first Middle East office in DubaiJoined by CVA founder Paul-Andre Rabate and Paris-based partner Carole Ott for its inauguration, Staub will head up the Dubai office after a brief stint at fellow boutique consultancy Emerton, before which he served for four years as a partner with local strategy firm Novo Management Partners. Earlier in his career, Staub spent seven years with Oliver Wyman, and initially started out as a consultant with Deloitte in Paris.

Over the course of his career, Staub has amassed experience in over 20 countries in Europe, the Middle East, Africa and Asia, with functional expertise in corporate and growth strategy, M&A and due diligence, turnaround programmes and programme management, organisational design, and corporate governance among other areas. He also co-founded e-commerce company Neodirect in Paris, serving as its business development director for three years.

Staub joins Sami Grouz in the broader MENA region, who has led the firm’s Casablanca office since the middle of last year, and will be supported in the new UAE venture by Thomas Fabbes, an Oxford graduate in Materials Science who has been with CVA’s London office since September. According to the firm, its junior consultants are ‘hand-picked’ from the only the top universities and schools around the world – with the firm currently in the middle of a recruitment drive.

CVA founder and Managing Partner Paul-Andre Rabate himself received a doctoral degree in Business Economics from Harvard University, joining BCG in 1978 before co-founding strategy consultancy Mars & Company in France the following year prior to establishing CVA. “CVA has always been a global boutique and this new office opens the door to exciting challenges in the Middle-East,” the firm stated on LinkedIn. “Olivier, we wish you the best of luck in this central region.”