Oliver Wyman Asia

THE SCOOP 

Tracing the family tree

New York-based Oliver Wyman is part of the Marsh & McLennan Companies, a global professional services network with brands and affiliates in more than 100 countries. The largest component of Oliver Wyman Group-a collective that also includes NERA Economic Consulting and the brand and identity consultancy Lippincott-is its management consulting business which has more than 3,000 consultants working out of offices in over 50 cities spread across some 25 countries. 

The firm's consulting services cover the automotive, aviation, aerospace and defense, communications, media, financial services, industrial products and services, health and life sciences, retail and consumer products, and surface transportation sectors. Its clients include numerous Global 1000 companies, more than 80 percent of the world's largest 100 financial institutions and heads of Fortune 1000 companies.

Global reach

Although Oliver Wyman is headquartered in New York, the firm has a very cosmopolitan flavor with a footprint on five continents. While the firm has a strong foothold in North America, more than half of its offices are located elsewhere, and more than 50 percent of its employees are European. Further boosting the company's geographic and business reach, meanwhile, is the fact that the other companies owned by parent company Marsh & McLennan are available, should opportunities arise for collaboration with Oliver Wyman. Lastly, the company's global staffing approach places consultants on projects based on expertise and development need, no matter their home office. Cross-pollination throughout the offices is the norm rather than the exception. 

Nonprofit knocks

The firm is committed to the concept of work/life balance and, as part of that commitment, it offers several programs for staff to recharge their batteries or pursue other interests. One example is the Non-Profit Fellowship program, in which employees can choose to work for a non-profit organization for three to six months, while the firm pays a stipend equivalent up to 40 percent of their salary. Since 2008, Oliver Wyman has had an alliance with micro-lending organization Kiva.org, operating a formal externship program that dedicates consulting staff to supporting Kiva's expansion. Oliver Wyman has a strong relationship with One Acre Fund, an organization which invests in farmers in Kenya, Rwanda, and Burundi to generate a permanent gain in farm income to reduce poverty and hunger. Additionally, consultants have collaborated with organizations such as the Clinton Health Initiative, Teach for India, United Way, Technoserve and Baseball for Peace. 

Oliver Wyman has also established long-term partnerships with select non-profit organizations to provide pro-bono consulting services. For example, it has worked with Room to Read, which aims to transform the lives of children in developing countries by focusing on literacy and gender equality in education. The Boston and London Symphony Orchestras, Vision Fund International, Trees for Cities, and Guiding Eyes for the Blind are all organizations for which Oliver Wyman provided assistance. The list continues to grow. 

Experts at research

It's not enough for Oliver Wyman's consultants to know their industries-they have to know them well enough to be able to publish frequent reports on the state of those industries. For example, the firm has been putting out a "State of the Financial Services Industry" report every year since 1997, and in 2007 it began publishing a "State of the Communications, Media & Technology Industry" report. Additionally, Oliver Wyman conducts research each year with the World Economic Forum and parent company Marsh & McLennan on global risks. The results are published in their "Annual Global Risk Report," which identifies all the major global risks, assesses their economic impact and recommends mitigation solutions. 

The firm's partners are also regularly quoted in financial and business publications, and leading industry trade publications.

 

IN THE NEWS 

May 2013 

New Senior Partners join Oliver Wyman in Asia-Pacific Region

Oliver Wyman's Asia-Pacific business is investing heavily to expand its footprint in the region. Several new Partners have joined the firm bringing a great deal of knowledge and experience with them. Anupam Sahay has joined the Insurance practice based in the Singapore office. He will focus on building the Insurance business in continental Asia and comes with a wealth of experience of working in the insurance strategy and operations space. Anupam has held senior management positions at Aviva plc, and at McKinsey. He has worked across the financial services sector in the UK, mainland Europe, the U.S. and Australia. Cliff Sheng has joined the firm in the Insurance and Strategic IT & Operations practices in the Hong Kong office. Cliff will help to further build the business in China. Cliff previously worked at Estin & Co. a boutique strategy consulting firm focusing on providing long-term support to large Chinese institutions and investors, and previously worked in McKinsey's Shanghai office, where he lead transformation projects in insurance, retail banking, corporate strategy, asset liability management and asset management. Samit Soni has joined as a Partner in the firm's Mumbai office. He previously worked at Standard Chartered Bank where he was COO of Retail Banking Products and Global Head of Credit Risk Control and Infosys Consulting where he was a senior leader in the Telecommunications and Information Technology Strategy Practice.

July 2013

Oliver Wyman launches Inspiring Leaders Program for Women

Oliver Wyman launched a new leadership development and sponsorship program to help more of its talented colleagues progress into senior leadership roles in the firm. The program will initially focus on a select number of women consultants and their sponsors, but will expand in the future to a broader set of colleagues. 

Participants were selected based on their potential for leadership; the cornerstone of the program will be working with senior colleagues in sponsorship pairs. The program represents a unique opportunity to develop a more robust peer network of like-minded leaders from across the firm. In addition, the insights, skills and relationships the participants gain from the program will help in the firm's ongoing effort to cultivate an inclusive culture, one where talent is recognized in many forms and where the firm and the participants support each other in achieving individual and collective success.

May 2013

Oliver Wyman helps boost the New York City Media sector

Oliver Wyman has been working closely with the New York City Economic Development Corporation (NYCEDC) to make New York City a more attractive location for media companies and digital entrepreneurs. At an event organized by Oliver Wyman and hosted by Mayor Michael Bloomberg, 50 CEOs of newspaper, publishing, TV, film, technology, advertising, and other media & digital companies gathered to focus on Bloomberg's MediaNYC2020 initiative to review the progress of this effort over the past four years. Since the MediaNYC2020 was initiated, NYC's media and tech jobs have increased by 5.5 percent and 30 percent respectively, while the U.S. averages moved down by 2.5 percent and up 1.5 percent over the same time period.  

April 2013 

Oliver Wyman launches Healthcare Innovation Center

The Oliver Wyman Health Innovation Center (OWHIC) is a collaborative group of cross-industry CEOs and senior decision makers, all of whom share a passion for dramatically improving healthcare. These senior leaders are committed to a clear and compelling purpose: Champion proven innovations in the market; envision market-based solutions to today's and tomorrow's challenges; and harness the power of convergence through extra-industry partnerships.

Oliver Wyman has long held the view that focusing on health, will lead to healthcare transformation. Accordingly, the Health Innovation Center envisions a future where consumers engage in their health supported by the best of retail services and social media, where doctors promote prevention rather than repair, hospitals treat diseases rather than one-off episodes, new players from different industries join in to support the patient in remarkable new ways, private capital flows to the best ideas that improve health-all coalescing to a point where value is the currency of competition, outcomes are better, costs are lower, and healthcare's decades-long downward economic spiral is reversed.

Since its launch, Oliver Wyman's Health Innovation Center (OWHIC) has been profiled in the media-along with the University of California's Center for Healthcare Quality and Innovation, GroupHealth Research Institute's MacColl Center for Health Care Innovation in Seattle, and the Center for Innovation at UNC-as an example of an organization dedicated to improving the cost and quality of healthcare through innovation. The coverage highlighted OWHIC's transformational, cross-industry approach.

Tom Main, an Oliver Wyman Partner and U.S. Market Leader for Health & Life Sciences, said OWHIC is "trying to accelerate the pace of change and build businesses that deliver what a sustainable future health market requires-radically better cost, quality, and consumer experience."

Read more about this initiative at clinical-innovation.com

April 2012

Incentivizing Innovation

John Drzik, CEO of Oliver Wyman, launched the firm's first global Innovation Competition to promote innovative ideas that can both help clients and create internal business improvements for Oliver Wyman. The competition represents a unique opportunity for all employees at all levels and in all geographies to team with each other to develop and showcase new ideas while competing for prizes along the way. Five semi-finalist teams competing for the Grand Prize will also present their ideas live to the full Partner group at the Oliver Wyman Global Partner Meeting in London. The "Grand Prize" winning team will receive US$50,000 and substantial support to commercialize/implement their idea. Four "Runner Up" winning teams will receive US$10,000 and editorial/marketing or implementation support.

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Oliver Wyman Asia


1166 Avenue of the Americas
New York, NY 10036
Phone: +1-212-345-8000
www.oliverwyman.com

STATS


  • Employer Type: Subsidiary
  • Stock Symbol: MMC
  • Stock Exchange: NYSE
  • CEO: John P. Drzik
  • 2013 Employees: 3,700

  • Employment Contact

    www.oliverwyman.com/careers


  • Major Departments & Practices

    Actuarial

    Automotive

    Aviation, Aerospace & Defense

    Business Transformation

    Communications, Media & Technology

    Corporate Finance & Restructuring

    Organization Transformation

    Energy

    Finance & Risk

    Financial Services

    Health & Life Sciences

    Industrial Products & Services

    Marketing & Sales

    Operations & Technology

    Retail & Consumer Products

    Strategy

    Surface Transportation

    Sustainability

    Value Sourcing

Major Office Locations

  • New York, NY (HQ)
  • Over 58 offices across 25 countries

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