Global management consulting firm Oliver Wyman has per 1 January 2015 appointed three new partners in the UK: Duncan Mills, Dimitrios Psarris and Kai Upadek.
Duncan Mills has been with Oliver Wyman since 2006, prior to that he worked at Big 4 firm KPMG in its audit practice. Mills has obtained a degree in Engineering from the University of Oxford and a degree in Engineering & Business from Princeton University. Dimitrios Psarris started his career in Greece, at Piraeus Bank, where he contributed to the design and implementation of a Basel II project. Following a spell at Colgate, working within Product Management, and a period studying at London School of Economics, where he obtained a Master in Science in Accounting & Finance, Psarris joined Oliver Wyman in September 2007.
During his 7-year tenure at the consultancy, he focussed mainly on corporates in the banking sector, and served clients in Europe, the Middle East, Africa and North America. In recent years Psarris was also involved with the stress test programme of the European Central Bank, an initiative which was supported by Oliver Wyman and considered one of its landmark projects within the financial services domain*. The firm has been, since the outbreak of the crisis in 2008, a familiar face in the boardrooms of governments and banking institutions – in 2012 it was for instance hired by the Spanish government to test the solvability of the Spanish banking sector** and last year it served as an advisor to both the German and Dutch governments on banking reforms. Psarris also acts on behalf of Oliver Wyman as an Ambassador of One Young World, a UK-run but global forum for leaders aimed at sparking a positive change to world.
Kai Upadek has been with Oliver Wyman for a few years, in his last role as a Principal. Mills, Psarris and Upadek all focus on the financial services industry, based in London, and have been promoted to partner per 1 January 2015. “Congratulations to our new partners on this significant accomplishment,” says Scott McDonald, CEO of the consulting firm. “The partner promotions reflects our continued commitment to developing specialised expertise among our partnership to deliver success for our clients globally.”
Oliver Wyman, which recently was named the #4 most prestigious consulting firm in Europe, has offices in 50+ cities across 25 countries. The firm is part of Marsh & McLennan Companies, the parent of also Mercer (HR consulting), Marsh (risk and insurance services) Guy Carpenter (risk broker), Lippincott (branding) and NERA Economic Consulting (economic consultancy).
* As part of its mandate, Oliver Wyman was tasked with managing and coordinating the baseline test of the 130 largest banks in Europe, as well as advising on a range of functional areas, such as the test method.
** The project was run together with Roland Berger and concluded that at the time Spanish financial institutions needed a €60 to €70 billion capital injection. Oliver Wyman was paid €10,5 million for its work, significantly more than was paid to other consultancies involved such as EY, KPMG, Deloitte and PwC, which split roughly €20 among themselves with the German strategy consultancy.