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