BCG reshuffles senior management throughout Asia Pacific

07 August 2018

The Boston Consulting Group has named Neeraj Aggarwal the next Regional Chair for the Asia Pacific region. Prior to the announcement, the firm made it public that Ahmed Fahour would be brought in to the firm’s Digital Ventures practice across Asia Pacific as non-executive chairman.

The Boston Consulting Group has had a huge week of reshuffling its senior management across the Asia Pacific region. The consulting firm has made a swap for Regional Chair, which includes the locales of Japan, Australia, South Korea, China, India and South-East Asia.

The global management consulting powerhouse has appointed the Indian national, saying, “We are excited to appoint Neeraj as our new Asia Pacific regional chair.” Within the reshuffle, the ex-Regional Chair Janmejaya Sinha is likely to take over Aggarwal’s position as the Managing Director of India while the firm searches for a new candidate.

The Boston Consulting Group’s president and CEO Rich Lesser said the management consulting firm will “identify and appoint a new managing director in India before the end of September.” He also commented on his enthusiasm to have Aggarwal move up into the regional management position. “I am incredibly confident about Asia Pacific’s next chapter under his leadership,” he said.

Aggarwal has been with the firm for almost 20 years and has made large gains for the firm in terms of digital competitiveness in India and throughout the region. Having graduated from the Indian Institute of Technology in Delhi with a bachelor of Tech, Aggarwal moved onto Ohio State for a masters. 

BCG reshuffles senior management throughout Asia Pacific

Prior to joining the BCG, he was working with an electronic design automation company called Cadence Design Systems as a senior member of technical staff. When he finished up at Cadence, Aggarwal moved on to undertake an MBA from the Indian Institute of Management Ahmedabad. 

Joining The Boston Consulting Group in 1999, the promotion comes a year before he reaches his twenty year milestone. With the firm, he has worked his way through a number of senior management roles including manager of BCG’s recruitment and operations in India and the head of its technology, media and telecom practice in India. 

BCG Digital Ventures in Australia

BCG's digital and creative practice Digital Ventures has been expanding its game in Australia and throughout the Asia Pacific recently. The practice opened up offices in both Tokyo and Shanghai last year and also promoted well renowned Lebanese-Australian Ahmed Fahour to non-Executive Chairman. BCGDV's ambitions were to grow to over 600 professionals globally by the end of the 2017.

Fahour had done a career full circle having left BCG earlier in his career to hold a number of executive positions including CEO of Citigroup ANZ, CEO for the Australian division of the NAB and most recently, CEO of Australia Post. 

During his time with the Australia Post – a post which he left in 2017 – Fahour managed the business through a critical period of digital disruption and managed to build a profitable e-commerce and delivery service. The job as non-Executive Chair with the BCGDV division, will give him the opportunity to further the firm’s digital agenda in the Asia Pacific region. 

"BCGDV has already had a huge impact in Australia building new ventures for large banks, telcos and others. These ventures are growing as fast as we are. BCGDV is doubling the size of its Sydney innovation centre which currently houses a team of 80 entrepreneurs, designers and business builders,” said Paul Hunyor, a Partner of BCGDV based in Sydney in relation to Fahour's appoint last year.

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Ian Watt leads Energy & Environment arm of L.E.K Consulting Australia

15 April 2019

Ian Watt has joined L.E.K Consulting’s as a partner and leader of the firm’s Australian Energy & Environment practice. Watt is based in Sydney.

“We are delighted to welcome Ian Watt to L.E.K Consulting,” said Nick Holder, who leads the firm’s operations in the Asia Pacific region and is country leader of the Australia business. “His experience working with utilities to successfully address waves of market disruption and regulatory complexity bolsters our ability to drive value creation for clients.” 

Watt joins from Strategy&, where he worked since 2010, initially with Booz & Company before transitioning to Strategy& through PwC's $1 billion acquisition of Booz in 2014. He brings over a decade of experience advising clients in the energy, utilities, mining and industrials sectors across Asia Pacific, Europe, and North America. His experiences span the utility value chain, and comprise a mix of growth strategy (strategic planning, go-to-market models), operational transformation (cost, business model, and performance optimisation) and innovation (design of new products and services). 

During his career at Strategy&, Watt worked from the firm’s offices in London, Sydney, and most recently Calgary – he relocated to Canada in 2016 to help launch and build the Strategy& firm in the country. Prior to his consulting spell, he held several technical an economic consulting roles in the engineering industry, having started his career in Mott MacDonald’s consultancy team in the UK.

Ian Watt leads Energy & Environment arm of L.E.K ConsultingAt L.E.K Consulting, which has over 1,400 professionals globally, Watt will lead the Australian Energy & Environment practice. His appointment comes at a time when the energy & utilities sector is facing major change, with market disruption and regulatory complexity taking hold. According to L.E.K. Consulting, “Primary energy suppliers, OEMs and utilities, among others, turn to L.E.K. to benefit from its experience gathered over decades of tackling major strategic and operational issues in the sector.”

The presence of large energy conglomerates and mining giants means Australia's energy & resources consulting industry is the 2nd largest globally, trailing just the massive market of the United States. Government data shows that the resources sector comprise 15% to 20% of the national economy and up to 60% of Australia’s exports. BHP Billiton (the fourth largest company by revenue in Australia) and Rio Tinto (revenue of $40 billion) are major players in the space, meanwhile beyond mining & resources, companies such as energy retailers (e.g. Alinta Energy, BlueNRG, Click Energy, etc) and energy generators (e.g. AGL, Origin and EnergyAustralia) are ramping up their spending on external consultants in a bid to successfully position themselves for future sustainable growth. 

Watt’s move brings the total of new partners at L.E.K. in Australia to three this year. Previously, Joe Sponholtz joined the Sydney office from rival consultancy Partners In Performance, while Melbourne-based Philip Wheeler was promoted internally to partner.

Last week, Bain & Company named a new leader for its Australia and New Zealand division: company veteran Peter Stumbles.