French consultancy Exton Consulting opens an office in Munich
French strategy and management advisory firm Exton Consulting has opened a new office in Munich, its fourth in Europe.
Founded in December 2006 by four co-founders, Exton Consulting today employs 120 consultants operating from offices in France (Paris), Italy (Milan), Morocco (Casablanca), and its latest hub in Germany. With the new German operation, the management consultancy aims at better serving its local clients as well as international customers based in the region.
Exton differentiates itself in the market with a pure focus on the financial services industry, serving companies in the banking, insurance, wealth management and asset management sectors.
The German office is headed by Christoph Stegmeier, an eleven year veteran from Oliver Wyman. Prior to joining Exton, he worked as a partner at Bluecap Management Consulting, another financial services boutique based in Spain. Stegmeier, who is specialised in digital transformation, target operating model optimisation and risk management, has become the firm's 18th partner.
With a market value of over €25 billion, according to Germany's representative body for consulting, the management consulting market of Germany is, together with the UK, Europe's powerhouse market.
However, in the wake of Brexit, which has increasingly threatened to isolate London from the rest of the European market, Germany has begun to grow as a financial hub for top firms. In line with this, global strategy & operations consultancies such as Roland Berger have expanded operations in the region, promoting five new employees to Partner in Germany. A.T. Kearney also relocated to a brand new office at the centre of Munich, providing a new office for 100 consultants and opening a fourth presence in Germany.
Meanwhile Bain & Company has also invested in Munich, as the strategy consulting firm appointed two new Partners Christina Ellringmann and Michael Schertler. Alvarez & Marsal likewise firmed up their capacity in the region, establishing a mergers and acquisition team in Munich.
