Consulting firm Bain & Company has appointed a new Managing Director in Germany. As of the 1 June Walter Sinn will replace Rolf-Magnus Weddigen, who has led the German country organisation for the past five years. Sinn will be responsible for continuing Bain’s impressive growth in Germany and leading the Dusseldorf, Frankfurt and Munich offices.
Walter Sinn has more than 20 years of experience in strategy and management consulting. He joined Bain in 2011, prior to that he worked for competitor Boston Consulting Group, where he was responsible for the German banking activities. At BCG he led for instance the integration of Dresdner Bank into Commerzbank and the advised several German banks with strategic and business model transformations. “The profit- and implementation-oriented consulting approach of Bain convinced me to join Bain,” said Sinn early 2011 about the reason for his move.
Under Sinn’s realm Bain has over the past three years “significantly increased its market share” in the banking segment, and based on his performance and leadership skills Sinn came into the picture to succeed Rolf-Magnus Weddigen. After five years at the head of the German strategy consulting firm he has now in line with internal plans stepped down to re-focus on client work. Next to client work Weddigen will continue to act as head of the Private Equity practice group in the German-speaking countries and also remain a member of the global board of directors of Bain & Company.
Up for the challenge
Sinn will not have an easy task following in the footsteps of his predecessor. Under Weddigen’s leadership Bain came strongly through the crisis years, increasing both revenue and number of employees with more than 50% during this period. According to Bain, 2013 was in fact the best year its history in Germany. Yet Sinn is ready for the challenge, emphasizes EMEA leader Paul Meehan, and the board is convinced he is the right man to further pursue Bain’s targets: “Walter Sinn enjoys the confidence of staff, has the broad support of the partner group and is highly regarded by our customers. His previous managerial responsibility and his track record make him ideal for the new task. We are convinced that under his leadership we will continue our expansion in Germany.”