McKinsey Senior Partner Tim Welsh joins US Bancorp

28 July 2017

Tim Welsh, has been handed the role of Vice Chairman of Consumer Banking Sales and Support at US Bank. The former McKinsey & Company executive committee member left the firm to join the fifth largest bank in the US during a time of increasing volatility for the industry, in the face of changes in consumer behaviour.

Former McKinsey & Company employee Tim Welsh has joined US Bancorp, after more than 25 years at the firm. Most recently, Welsh served as a Senior Partner in McKinsey’s Minneapolis office, where work largely focused on business model adaption strategy, in the face of changing consumer behaviours. His roles at the firm were numerous, Additional roles held by Welsh during his 25 year tenure included sitting as one of the firm’s 30-strong global Shareholders Council, as well as being lead in the firm’s global Learning and Development practice. He also spent time as the co-leader of the firm’s global strategy/corporate finance practice as well as of the North American Life Insurance and Wealth Management practice.

Welsh holds is a Master of Business Administration, and holds a Bachelor of Arts in Social Studies, both from Harvard University. Beyond work, he holds various board roles at charities across Minneapolis, including chair for Greater Twin Cities United Way. He is also the founder of Itasca Project, an organisation focused on improve the quality of life in Minneapolis and St. Paul.

Tim Welsh - USbancorp

Welsh now joins the US’ fifth largest bank, US Bancorp, which has around $450 billion in assets, and is operative in 25 states. The move sees him take on the role of Vice Chairman of Consumer Banking Sales and Support, a role focused on overall consumer and small business strategy at the bank. Welsh replaces Kent Stone, who announced his retirement earlier in 2017, following 37 years of service with the company.

The rationale behind his appointment according to Andy Cecere, US Bancorp CEO, was, “Tim’s in-depth knowledge of the consumer and the ever-evolving expectations customers have for their experience with a financial institution are directly in line with our vision at U.S. Bank.” The banking industry continues to find itself in transition as customer expectations become increasingly fragmented across a variety of digital and branch bound channels.”

Cecere added, “Tim is a well-known and highly regarded strategic thought leader in the financial services industry. He is a strong fit for our culture, and his appointment to this role will enable us to continue to position the company for ongoing, sustainable growth.”


Grant Thornton UK appoints five new Partners

23 April 2019

Sergio Cardoso, Matt Maltz, Jessica Patel, Marc Roberts and Nick Warner have been appointed as partners at Grant Thornton. With the company undergoing a year of transition under new leadership, the new members will help consolidate the firm’s offering as it looks to reach new levels of growth in 2019.

2019 sees Grant Thornton’s UK wing undergoing a process of transformation. As the group looks to ensure its teams “provide the right level of support for profitable growth” and create an environment that “makes it easier for our people to do great work”, the firm has announced a succession of senior appointments across its regional divisions.

In February, this saw Chris Petts and James Bulloss named Partner and Director in the North East and Yorkshire respectively. Now, the UK’s sixth-largest auditing and consulting firm has confirmed the installation of a further five Partners across its UK team.

Sergio Cardoso is a long-standing Grant Thornton employee, having joined from Daniel Auerbach & Company – where he was an Accountant – in 2005. Cardoso rose steadily through the ranks since then, taking up his most recent role as Audit and Assurance Director in 2015. In that role, he focused on dynamic, fast-growing and entrepreneurial private companies, as well as multinational and AIM-listed groups. He now takes up the position of Partner in Grant Thornton’s audit practice.

Grant Thornton UK appoints five new Partners

Nick Warner has been appointed as a partner in Grant Thornton’s VAT team based in London. Bringing more than 20 years of experience in tax to the role, Warner joins the firm from Moore Stephens, where he most recently was VAT Partner, during a five-year stay with the firm. Prior to that, Warner was a Partner in VAT at BDO and PKF UK. He also spent five years at HMRC as a Higher Executive Officer.

Matt Maltz is the first of three Partner appointments in Grant Thornton’s real estate tax division. A former EY Partner in real estate tax, Maltz spent 17 years with the Big Four firm. In his new position with Grant Thornton, he will tackle similar client areas, as a Partner in real estate tax.

Jessica Patel has also been promoted as a Partner in the firm’s real estate tax practice, having been with the firm for more than 15 years. Patel joined Grant Thornton as a trainee in 2003. She is a licensed member of both the Association of Tax Technicians and the Chartered Institute of Taxation. As a Partner, Patel will advise a wide variety of clients ranging from UK property investors and developers to overseas investors and property funds.

Marc Roberts is another Big Four alumnus to join Grant Thornton as a Partner. Roberts exited EY to take up his new position, having been an Associate Partner and real estate advisory lead at the company. With more than 25 years of experience in the financial services sector, Roberts also formerly held a Directorship and headed the corporate finance real estate advisory team at fellow Big Four firm PwC.