Oliver Wyman adds senior consultants in the UK and Germany

18 August 2017 Consultancy.uk 4 min. read
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Oliver Wyman has in recent months bolstered its senior ranks in Europe with four experienced professionals. Tom Garside and Lars Frisell joined the management consulting firm’s London office, while Mario Hörig and Lars Hoffmann have been added to the firm’s team in Germany. 

Tom Garside returned to Oliver Wyman after serving seven years as both Managing Director at Blackrock Solutions and as partner at rival consultancy The Boston Consulting Group (BCG). In his new role as a partner in the financial services practice, Garside will form the firm’s base in London and focus on finance and risk management for clients in the banking, insurance and asset management industries.

Commenting on his return to home soil, Garside said: “I’m delighted to be returning to Oliver Wyman where I built my career. Over the past few years I’ve enhanced my experience advising senior risk and business executives on embedding risk management into strategic business decisions, and I look forward to using that experience to shape Oliver Wyman’s strategy and deliver excellent client service.”

Matt Austen, who leads Oliver Wyman’s UK financial services unit, said he is delighted with the addition, stating “Tom is widely recognised as one of the leading advisors on risk and finance matters, and having known him for over 20 years I am delighted to welcome him back.” 

Lars Frisell was meanwhile appointed a Senior Policy Expert in Oliver Wyman’s Public Policy Practice earlier this year. Also based in London, the former director and advisor to the Governor of the Central Bank of Ireland works on topics ranging from financial stability and recovery and resolution challenges, to conduct supervision and financial sector authorities efficiency and effectiveness in EMEA.

Tom Garside, Lars Frisell, Mario Horig and Lars Hoffmann - oliver wyman

Frisell joined the Central Bank of Ireland in 2012 as Chief Economist and Director of Economics and Financial Stability. He previously worked as an expert and consultant for the International Monetary Fund, as Chief Economist of the Swedish Financial Supervisory Authority and as Deputy Director of Financial Stability at the Swedish Riksbank.

“I am very pleased to collaborate with Oliver Wyman, with its global presence and in-depth knowledge, and look forward to advising public sector bodies and institutions on how to strengthen the European financial system in an era of change,” said Frisell on his move, which formally went into effect in January this year.

In Germany, Oliver Wyman poached two senior figures from Milliman – Mario Hörig and Lars Hoffmann. They joined the management consulting firm as part of its ambition to enter the actuarial consulting space in the German speaking region. 

Commenting on the entry into the segment, Finja Carolin Kütz, Market Leader for Germany and Austria at Oliver Wyman, said “Companies are seeking greater guidance on capital and solvency issues from growing regulatory requirements and international accounting standards. With Lars Hoffmann and Mario Hörig, we have gained two recognised experts in the field of actuarial services, and will be able to better serve DACH customers in life insurance in the future in the quantification of risk, solvency and capital requirements as well as in the development of external market strategies in the repositioning of life insurers – a seamless expansion of Oliver Wyman’s competence in risk and capital management.” 

Prior to serving Milliman, Hoffmann worked for Big Four firms EY and Deloitte. Hörig previously worked in the Modelling team of a large German insurance group. Both consultants are member of the German Actuarial Association (DAV).