McKinsey

McKinsey boss’s next big consulting project: His own firm

After a turbulent few years, Bob Sternfels talks about revamping the company’s structure and employee development; ‘Not everyone gets an A’

8 min read

McKinsey managing partner Bob Sternfels was re-elected to the job by his partners

McKinsey’s leader survives, but voting reveals cracks at elite consulting firm

Top partner Bob Sternfels wins a second term, but multiple rounds of voting show dissent among the partners

8 min read

Professional services firms have struggled with falling demand and overcapacity in recent months

McKinsey shrinks new partner class by roughly 35%

Consulting giant recently told employees that about 250 people would become partners, down from around 380 a year ago

4 min read

McKinsey winding down bankruptcy unit after legal troubles

The consulting firm’s bankruptcy practice attracted lawsuits and government investigations in recent years

2 min read

McKinsey to axe 2,000 jobs in firm-wide restructure

The move would be one of its biggest headcount reductions to date

1 min read

James Chavin, formerly at McKinsey, will kick-start Teza's push in Europe

Quant hedge fund Teza names McKinsey’s Chavin to lead new London office

Chavin has joined Teza after spending nearly 17 years at McKinsey

1 min read

McKinsey is now pulling staff out of its Moscow office and relocating them to its base in Almaty, Kazakhstan

McKinsey evacuates Russia staff to Kazakhstan

Consultancy firm relocates staff from Moscow to Almaty

2 min read

PwC says it ‘deplores the violation of international law and the Russian aggression against Ukraine’

PwC, Deloitte and EY condemn Russia, KPMG stops short as rivals drop clients

McKinsey and Boston to no longer take work from Russian government clients, while KPMG says it is 'a difficult time' for those involved in the conflict

5 min read

Ex-McKinsey partner hit with securities fraud charges over Goldman Sachs’ acquisition

Puneet Dikshit, charged with two counts of securities fraud, faces up to 20 years in prison on each count

3 min read

How McKinsey became a bank CEO factory: ‘Boards prefer that sort of experience’

McKinsey partners are in vogue as banks face a fresh set of problems amid the pandemic. New Lloyds Banking Group boss Charlie Nunn spent five years as a senior partner at McKinsey

7 min read

European banks’ credit losses could exceed global financial crisis

McKinsey's report on the European banking sector comes as businesses rely on lending to weather the pandemic

Fee squeeze hurts profits in ‘anaemic’ year for US asset managers

Profits dipped on the back of continued underperformance of stock pickers, according to McKinsey

The Archbishop of Canterbury, Justin Welby

Church of England puts faith in McKinsey

Consultancy to draft a five-year plan on how the Church can broaden its appeal to Christian financial services executives

UK's Brexit secretary David Davis

Secondments in the spotlight as key Brexit ministers depart

An overwhelmed civil service has turned to the private sector for help - but for the seconded workers it can be a thorny issue

David Davis, UK exiting the European Union (EU) secretary

McKinsey wins £1.5m UK Brexit contract

US consulting firm has been tapped to organise more than 700 government plans relating to Brexit

2 min read