Bain partner Lucy d'Arville selected as a Young Global Leader by the WEF

25 March 2019

Lucy d’Arville, the head Bain & Company’s Australia Healthcare practice, has been named as a Young Global Leader by the World Economic Forum.

The leader of global strategy and management consulting firm Bain & Company’s Australian healthcare practice – Lucy d’Arville – has joined an exclusive community of the world’s most promising young social activists, business leaders, public servants, artists and technologists under the age of 40: elected as one of 126 Young Global Leaders by the World Economic Forum.

Along with heading up the firm’s local healthcare practice, the Sydney-based Bain partner also serves as a core member of its Asia Pacific Financial Services and Performance Improvement practices, originally joining the firm in 2005 (with a four-year hiatus with the Achilles Group in London between 2009 and 2012). In addition, d’Arville leads Bain’s social impact efforts in Australia.

“Lucy is a force for change and deeply committed to shaping the global future,” Bain & Company’s Asia Pacific regional managing partner Satish Shankar, who was appointed to the top role at the beginning of the month. “She truly embodies what it means to be a Young Global Leader and, on behalf of her colleagues around the world, I congratulate her on this honour.”Bain partner Lucy d'Arville selected as a Young Global leader by the WEFd’Arville joins a group of just 126 Young Global Leaders worldwide – including seven current members and alumni from Bain – following a rigorous selection process to assess nominations from around the globe. d’Arville was noted for her work on transforming large payer and provider organisations in the healthcare sector and impact in creating more customer-centric and efficient operations.

Recognised as an inspirational leader at the firm, for both her commitment to investing in its people and leading Bain’s local social impact program, d’Arville is credited for her significant contribution to combating social disadvantage through her work with non-profit organisations such as OzHarvest and Restacking the Odds – which feature among Bain’s local social impact partners.

Having committed to investing $1 billion worth of pro bono consulting globally over the coming decade, Bain’s community work in Australia features a range of programs, such as fundraising and volunteering (every year the firm closes its doors for a day to allow staff to work on charitable projects), and through ‘externships’ – six to twelve month staff secondments to social organisations.

“I am delighted and honoured to be selected by the World Economic Forum as a Young Global Leader,” said d’Arville of her selection. “I look forward to working with the Young Global Leader community to help drive positive social change.” d’Arville holds a Bachelor of Actuarial Studies and Bachelor of Economics from the Australian National University (ANU).


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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.