Bain appoints Walter Sinn as Managing Director of Germany

Walter Sinn has been appointed as the new Managing Director in Germany for Bain & Company, replacing Rolf-Magnus Weddigen as of the 1st of June. Sinn will lead the Dusseldorf, Frankfurt and Munich offices and be tasked with continuing Bain’s impressive growth under Weddingen’s stewardship, who has been at the helm of the organisation in Germany over the past five years.

Joining Bain & Company in 2011, Sinn brigs with him to the company over 20 years of experience in strategy and management consulting. Previously, he had worked with rival consulting firm The Boston Consulting Group with responsibility for their banking activities, such as leading the integration of Dresdner Bank into Commerzbank and advising several German banks on strategic and business model transformations. On his initial decision to cross to Bain in 2011, Sinn said at the time, “The profit- and implementation-oriented consulting approach of Bain convinced me to join.”

Over the past three years under Sinn’s guidance, Bain has “significantly increased its market share” in the banking segment, and this performance and the leadership demonstrated has seen Sinn enter the frame as a suitable replacement for Weddigen, who will be stepping down after five years as per internal plans to return his attention to client work. The former Managing Director will however remain a member of the global board of directors for Bain, while also continuing to act as head of the Private Equity practice group for the company’s German-speaking countries.

Up for the challenge

Sinn will have some big shoes to fill. Weddingen successfully guided Bain through the crisis years with an increase in both revenue and in personnel numbers by 50% over the period – indeed, 2013 was the best year for the company in its German history. Yet, the board is confident Sinn is up to the task as the man to pursue the company’s ongoing targets, a sentiment backed by EMEA leader Paul Meehan; “Walter Sinn enjoys the confidence of staff, has the broad support of the partner group and is highly regarded by our customers. His previous managerial responsibility and his track record make him ideal for the new task. We are convinced that under his leadership we will continue our expansion in Germany.”