Global consulting firm Value Partners has appointed former McKinsey & Company partner Mayank Parekh as Managing Partner of its Asian operations. Parekh will oversee the operations of the offices in Beijing, Shanghai, Hong Kong and Singapore.
Value Partners is a strategy and management consulting firm with approximately 250 employees. The firm was founded in 1993 in Italy by McKinsey alumnus Giorgio Rossi Cairo and Vittorio Giaroli, and since has grown its footprint to offices in 10 cities in 9 countries. In the 90’s the consultancy expanded to São Paulo and Istanbul, while in the next decade it mainly targeted expansion into emerging markets such as the Middle East and Asia. Following the merger with UK-based Spectrum Strategy Consultants in 2007*, the firm also has a large operations in the UK market.
To boost its Asia operations, Value Partners has named Mayank Parekh as the new head of its Asia operations, which spans offices in China, Hong Kong and Singapore. Parekh began his career in 1988 at General Electric in finance and worked across a number of geographies. He later on moved into the consulting industry, working eleven years for McKinsey & Company, where he mainly served financial services clients and also led many corporate finance engagements. In his last role at the consultancy, Parekh served as Managing Partner of the Singapore office and led the Corporate Finance practice in Southeast Asia.
In 2007 Parekh left McKinsey to found Grange Partners, a private equity fund focused on SME in Southeast Asia, and most recently, he served as Managing Partner at Asia Capital. Last month, Parekh decided to return to the consulting profession, and joined Value Partners. “We are delighted to welcome Mayank on board in Asia. Under his firm leadership and strategic direction we are excited for the many opportunities that lay ahead for our Asia team,” says Giorgio Rossi Cairo, co-founder and chairman of Value Partners.
* Spectrum Strategy Consultants was founded in 1994 by Janice Hughes (ex-Booz Allen Hamilton partner) and Kip Meek (former BCG, McKinsey and PwC consultant). Meek left Spectrum in 2003 – he sold his shares for a sum believed to be around £6 million – while Hughes stepped down three years after the merger with Value Partners, in 2010.