Bain & Company makes two senior appointments in the Asia Pacific

11 April 2019 Consultancy.asia

Global strategy consultancy Bain & Company has made two senior appointments in the Asia Pacific: Jean-Pierre Felenbok as Managing Partner for Southeast Asia and Peter Stumbles as Australia and New Zealand Managing Partner.

Global strategy and management firm Bain & Company has filled the gap left by Satish Shankar’s recent elevation to APAC regional managing partner, appointing near 40-year company veteran Jean-Pierre Felenbok to the Southeast Asian leadership role. Meanwhile, another Bain stalwart, Peter Stumbles, has been named as the new managing partner for Australia and New Zealand.

Joining Bain in London in 1981 following his completion of an MBA at Harvard Business School and a masters’ in civil engineering at M.I.T., Jean-Pierre Felenbok has been with the strategy consulting leader for near on 40 years, and was made partner in 1987 following his cross to Bain’s Paris office as a founding member in 1985. Broadly skilled, Felenbok’s areas of focus include industrial goods and services, heavy capital goods, B2B services, and utilities.

Previously Bain’s Energy & Natural Resources head for the EMEA (Europe, Middle East & Africa), Felenbok has most recently headed up the firm’s 2013-established Indonesian office in Jakarta as its founder, where over the past six and a half years he has served to grow the business and team in what Bain describes as a very competitive emerging market. He has also served in a number of ‘servant leader’ missions and on boards at Bain.

“I am excited to take on this leadership role in a very dynamic region and at a time of unprecedented change and innovation” Felenbok said. “We have an exceptionally talented team of consultants that will help our clients across Southeast Asia achieve their full potential including supporting them in digitally transforming their businesses and developing new, innovative business models in light of technological disruption in their industries.”Bain & Company makes two senior appointments in the Asia Pacific According to a press release, Felenbok in his new role (based in Singapore) will focus on transformational long-term relationships and guiding Bain’s next generation of client leaders, responsible for investing in the firm’s internal capacities and partnership ecosystem "to be the go-to firm for technology/digital/analytics breakthroughs in each sector", while ensuring "Bain remains the employer of choice for diverse talent in the region."

“Jean-Pierre is a trusted partner, who has always focused on delivering the best to our clients, teams and the firm, so it will be exciting to see him continue to build our already successful SEA region.” said Manny Maceda, Bain's Worldwide Managing Partner. “Jean-Pierre’s unparalleled knowledge of the firm, experience and leadership will be a pivotal building block for our long term goals and I congratulate him on this appointment.”

Peter Stumbles

Meanwhile, under the firm’s ‘servant leader’ model, whereby partners regularly rotate into leadership roles and then back to client work, Peter Stumbles has been named to replace David Zehner as the firm’s new managing Partner for Australia and New Zealand, with the latter assuming the role of Consumer Products practice leader for the Asia Pacific after seven years in his previous position.

Another company veteran, the Sydney-based Stumbles joined Bain in 1999, most recently serving as its Asia-Pacific Financial Services practice head and as a leader in the firm’s global Performance Improvement and Organisation practices – serving clients across Australia, Asia and North America in the financial services, technology, telecommunications, private equity, retail and industrials sectors among others.

“Australia and New Zealand have been a key region for growth since we first opened there 30 years ago, and it’s inspiring to see how it has developed into an industry leading market around digital transformation, customer focus and innovation,” said Maceda. “Peter has been a trusted member of the Bain family and our clients for the past 20 years and so I’m thrilled for him as he takes on this role.”

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Deloitte adds Richard Hayler as Disputes and Arbitration leader

16 April 2019 Consultancy.asia

Deloitte has brought in Richard Hayler as its new Southeast Asia Disputes and Arbitration Leader. Hayler crosses from FTI Consulting – continuing the recent personnel shuffle in the regional forensics space.

Following the onboarding of veteran forensics expert Jarrod Baker as its new Forensic Investigations Leader for Southeast Asia earlier this year, global professional services leader Deloitte has added another ex-FTI Consulting executive to its regional forensics practice with the appointment of Richard Hayler as its new Southeast Asia Disputes and Arbitration leader. It’s Hayler’s second stint at the Big Four firm.

Originally starting out as an auditor in the chemicals, pharmaceuticals & energy practice of fellow Big Four firm KPMG in the UK (via a five-year Technical Director role with specialist life sciences consultancy Primarius), Hayler after three years crossed to Deloitte in 2008, serving as an Associate Director for its Forensic & Dispute Services division in London, and then from 2012 in Singapore. 

From there, Hayler joined the Singapore office of FTI Consulting’s Economic & Financial practice, promoted to senior managing director at the beginning of last year. Now, like his colleague Baker, Hayler has returned for his second stint with Deloitte, after respectively four and nearly six years with FTI. Meanwhile, FTI recently added e-discovery expert Christopher Marks as a senior managing director – continuing its global raid on Ernst & Young.

“I am delighted to be returning to Deloitte rejoining old friends and being on board with a great team,” Hayler said. This is an exciting time to be back at Deloitte as the firm has made great strides integrating to serve its clients across Asia Pacific better and I look forward to being part of that success.” As of September last year, Deloitte began integrating its Asia Pacific arms into single operational unit – with a co-attendant $321 million investment committed to human capital.Deloitte adds Richard Hayler as Disputes and Arbitration Leader in Southeast AsiaHayler across his career has developed expertise in a broad range of  competencies around forensics, disputes and litigation, including complex valuations, M&A and contractual disputes, accounting irregularities; alleged misappropriation, asset tracing and fraud investigations among others – having led or advised teams multiple jurisdictions in “some of the largest and most complex cases in the last decade.”

“Having Richard in our leadership team is a strong market differentiator,” said Tim Phillipps, Deloitte’s Financial Crime Strategy and Response Network leader for APAC. “His track record and extensive experience will be critical as we continue to expand and strengthen our presence in the Southeast Asia region.  It will enhance our capacity to serve our clients, and ensure that we continue to provide clear, timely and insightful counsel.”

In addition to Deloitte, Hayler serves on the Standards Review Board of the International Valuation Standards Council, as well as being a member of the adjunct faculty at Singapore Management University’s School of Law and the Honorary Treasurer for the Board of Directors of the Chartered Institute of Arbitrators Singapore. He was also last year a group representative for financial & fintech business group with the local British Chamber of Commerce.

According to the firm, Hayler’s recruitment forms part of its plans to expand its forensics services in the region – a practice which has already grown substantially in recent years to include more than 125 dedicated forensic practitioners based in Singapore, Indonesia, Malaysia, Thailand, and Vietnam, with growth driven by investment in disputes and arbitration, electronic discovery, investigations, forensic digital platforms and financial crime advisory and analytics among other areas.