Boston Consulting Group promotes Wendy Mackay to Partner

16 January 2019 Consultancy.com.au

Wendy Mackay has been admitted into the partnership ranks of Boston Consulting Group in Australia. The Sydney-based partner works primarily with financial institutions on a range of strategic, organisational and operational issues.

With offices in Sydney, Melbourne, Perth and Canberra, Boston Consulting Group (BCG) is one of Australia’s top management consulting firms. The US-headquartered consultancy first touched down in the country in 1990, following a merger with Pappas, Carter, Evans and Koop (PCEK), a local management consulting firm which prior to the tie-up served as the firm’s international business partner for the Oceania region. 

In its Sydney office, which is located in the ANZ Tower, in the heart of the city’s central business district and a block from Town Hall, “boomerang BCGer” Wendy Mackay has per January 1st been promoted to Managing Director – BCG’s equivalent of Partner level at say McKinsey or a Big Four firm. 

Mackay has spent the past three years at BCG, after re-joining the firm following a spell at Stockland. During her tenure at the real estate firm, one of Australia's largest diversified property companies, Mackay held several management roles in strategy and corporate development, latterly serving as General Manager of Strategy, Strategic Risk and Research. “I worked at Stockland for eight years and I then returned to consulting, she said.

Boston Consulting Group promotes Wendy Mackay to Partner

After working as a Project Leader for BCG in Sydney, Mackay followed in the footsteps of “one of my favourite partners” who back in 2007 made the same switch to Stockland. “It was the right thing to do at the time, and it gave me more control over travel and hours (Mackay gave birth to two children during her time at Stockland). Mackay joined the consulting firm after completing an MBA at the Australian Graduate School of Management, a postgraduate management and business school that is part of the UNSW Business.

Reflecting on her move back to BCG, she said “I returned to consulting because it is hard to match the variety and quality of opportunities you have access to.” 

Asked about how she deals with the challenging work hours – strategy consulting is notorious for its long hours during peak periods – Mackay commented, “In senior positions, work-life balance will be a challenge whatever your role, and something you always have to actively manage. I cannot speak for other consulting firms, but BCG has put a lot of effort into finding ways to make consulting work for women at all life stages. There is a lot of flexibility in how people work and in the career paths they take.”

Mackay works for clients in the financial services industry, including banks, insurance companies, asset and wealth manages, regulators and FinTechs. She is also part of BCG’s People & Organisation Change service line. BCG in Australia itself works with clients from all major industries, including energy, financial services, health care, public sector, natural resources, media and retail. 

Globally, BCG has more than 90 offices in 50+ countries, and consistently ranks among the world’s most impactful strategic consultancies, alongside rivals McKinsey & Company and Bain & Company – collectively the group are known as the ‘MBBs’.

Last year, Andrew Clark, Managing Partner of BCG for Australia and New Zealand, was named one of the region’s most influential consultants.

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

15 April 2019 Consultancy.com.au

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.