International technique consulting agency Bain & Firm has appointed Mohit Wadan as its subsequent managing companion for Australia and New Zealand, with Wadan to succeed Peter Stumbles after six years from the start of April.
Mohit Wadan has been with the Bain & Firm since 2008, after having joined the agency’s Melbourne workplace from Accenture, and has most not too long ago served as co-head of its efficiency enchancment apply for the Asia Pacific.
In the meantime, Stumbles has led the worldwide administration consultancy’s ANZ apply since 2019, and is credited with driving double digit development and a doubling of Bain’s companion depend over that point, in addition to overseeing two key acquisitions.
“Mohit is an impressive chief with a confirmed observe report at delivering advanced and large-scale transformation for our monetary providers purchasers,” said Asia Pacific regional managing companion Satish Shankar, likewise in his function since 2019. “Mohit has additionally mentored many colleagues and contributed considerably to our tradition, and I’m assured that he’ll take our enterprise to new heights.”
Wadan has been a companion at Bain for no less than eight years and primarily serves purchasers within the insurance coverage, banking, and wealth & asset administration segments in areas reminiscent of technique, efficiency enchancment, IT, and buyer & advertising.
Wadan stated it was an unimaginable privilege to step into his new function: “Bain is really an distinctive agency, and over my 17 years right here, I’ve had the chance to work alongside a few of the brightest, most passionate, and succesful people I’ve ever met. I’m excited in regards to the alternatives that lie forward, to develop, innovate, and proceed making a optimistic affect for our purchasers and communities.”
Wadan additionally gave reward to the management of Stumbles, who beforehand headed Bain & Firm’s Asia Pacific monetary providers apply and has now been with the consultancy for greater than 25 years. Throughout his tenure, the agency made two native acquisitions, that of AI and machine studying specialist Max Kelsen Consulting in 2023, and regional procurement consultancy ArcBlue in 2022 the yr prior.
The agency didn’t explicitly state if Stumbles would stay or what function he would tackle subsequent (Bain has a coverage of periodically rotating its senior management, with former bosses tending to remain on and return to shopper work), however Stumbles himself stated he was very a lot wanting ahead to the years forward supporting Bain’s purchasers whereas providing his congratulations to Wadan on LinkedIn.
In the meantime, Shankar stated of the outgoing managing companion; “Peter has made super contributions to our agency over the past six years, which included steering the enterprise by way of the difficult pandemic years. Underneath his management, Bain & Firm has considerably grown its market-leading place in Australia and New Zealand and delivered transformative outcomes for our purchasers.”
