David Gillespie new lead of Oliver Wyman’s banking practice in UK

09 October 2018 Consultancy.uk

David Gillespie has been appointed as the new Head of Oliver Wyman's banking practice in the UK. Based in London, he will oversee all UK client relationships for the firm’s bank-focused offering.

With the banking space rapidly transforming thanks to pressures from agile market disruptors, the demand for consulting services in the sector is ranging ever higher. Increasingly executive bankers are looking to digitalise their services and avoid losing market share to newcomers leveraging technology to outflank long-time sector incumbents. As a result, consulting firms are having to adapt their own offering to suit this changing demand, while seeing off competition of their own.

As Oliver Wyman prepares for a glut of business, amid digital disruption and ahead of the possible repercussions of Brexit in the global banking hub of London, it has appointed a new head of its UK banking practice. After returning to the firm in 2016, having first left some 23 years before, former Oliver Wyman Management Consultant David Gillespie has been working as a Partner at the firm over the past two years. He will now oversee all UK client relationships at the firm, while setting the operational strategy for Oliver Wyman’s largest practice area in the UK.

David Gillespie new lead of Oliver Wyman’s banking practice in UK

Before his second stint with the consulting firm, Gillespie had been the Director Distribution of the European wing of National Australia Bank between 2014 and 2016. This followed a 12 year stint with the Royal Bank of Scotland, where he held a number of different roles, including CEO, RBS England & Wales, NatWest Scotland, and Chief Operating Officer of UK Retail. Gillespie is a graduate of Oxford University and has completed the Harvard Advanced Management Programme. 

Commenting on his latest role with Oliver Wyman, David Gillespie said, “Oliver Wyman has a tremendous depth and breadth of experience across the Financial Services sector, advising leading banks on key strategic, economic and regulatory challenges and opportunities. The UK continues to be a global financial services hub, and I relish the opportunity to lead our client work and shape our strategy in this key area of the market.”

Rebecca Emerson, Oliver Wyman's UK Head, added, “We are delighted to welcome David to our UK leadership team. Since re-joining Oliver Wyman as a partner in 2016, he has led transformative work and built strong senior client relationships which make him a great choice to head up our banking practice in the UK. With challenging times ahead for the industry, I have no doubt that David will succeed in leading our support for clients in this sector.”

Financial services organisations spend roughly £2.5 billion on management consultants in the UK, with banking institutions accounting for the largest share of client spend.

For more information on Oliver Wyman's banking services and activities in the UK, see the page Oliver Wyman | Banking.


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Rapid growth sees Quantum Advisory promote trio of partners

18 April 2019 Consultancy.uk

Three senior level consultants have been boosted to the rank of Partner at Quantum Advisory, as the firm works to meet heightened levels of client demand. Aled Edwards, Amanda Burdge and Chris Heirene become Partners as long-time Quantum member Rob Davies retires in May after 15 years as a Partner at the firm.

Founded in 2000, Quantum Advisory provides pension and employee benefits services to employers, scheme trustees and members, with five offices across the UK. The firm has enjoyed exponential growth in recent years, following a number of major client wins and booming demand for its services. It opened a new office in Bristol in 2016 to service the South West and in 2017 relocated its Cardiff office to a larger site within the Welsh capital to house the increased workforce. More recently, Quantum relocated its Amersham, Birmingham and London offices to more spacious premises in the centre of both cities to cope with demand.

The financial services consultancy, which employs 115 people across the UK, has promoted three senior team members to Partner, as part of its wider growth plans. The firm has moved Aled Edwards from Principal Consultant & Actuary, while Amanda Burdge has ascended from Principal Investment Consultant. Chris Heirene, former IT Manager, has also joined the ten current Partners at Quantum.

Aled Edwards most recently managed the actuarial team within Quantum’s Cardiff office as well as providing technical training for all staff. He boasts more than 17 years of pensions experience. He started his career as an Actuary at Jardine Lloyd Thompson’s Bristol wing, before joining Quantum in 2011. Edwards is also the President of the Welsh Actuarial Society (WAS), which supports actuaries and actuarial students living or working in Wales.

Rapid growth sees Quantum Advisory promote trio of Partners

Amanda Burdge joined Quantum’s team in 2001, as one of the fledgling firm’s first employees. Most recently she was a Principal Investment Consultant with the firm, and with more than a quarter of a century’s experience in the sector, she is responsible for providing investment advice to many of Quantum’s key clients with both defined benefit and defined contribution schemes. Prior to her time with Quantum, Burdge spent two years as a consultant with SBJ Benefit Consultants (now Capita), and three years with Tesco Pension Trustees. She currently sits on the Regulation Committee for the Pensions Management Institute.

Chris Heirene initially worked with Quantum as an IT Consultant with Teamwork Technology Services and then UES for over five years, before finally joining the firm itself in 2011. He is now responsible for Quantum’s IT systems across all of its offices, including the network and core server infrastructure which supports the business. Heirene is heavily involved in utilising IT to improve and build upon the processes in place throughout Quantum.

David Deidun, Partner at Quantum Advisory, said of the promotions, “This is a very exciting time for Quantum. The recent round of promotions fully recognise the hard work and dedication shown by the three, all of whom go above and beyond for the company. I’ve no doubt that Aled, Amanda and Chris will settle into their new roles with ease and look forward to working together to grow Quantum even further.”

The news comes as Rob Davies retires in May, after spending fifteen years as a Partner at Quantum. A qualified actuary, Davies was instrumental in setting up Quantum’s Investment Division, specialising in aiding clients with their investment strategies. He will remain with the company on a part-time consultancy basis, while working with several clients in the Fiduciary Manager area.