Dinu Bumbăcea new Managing Partner of Deloitte Consulting Romania

04 January 2018 Consultancy.eu

The Romanian consulting arm of Deloitte has appointed a new Managing Partner. Dinu Bumbăcea, who has been poached from rival KPMG, brings over two decades worth of consulting experience to the firm.

With almost 700 staff, including 18 partners and 32 directors, Deloitte is one of Romania’s largest professional services firms. As similar to in other countries, the company competes with the likes of the fellow Big Four in the accounting and audit space, while in consulting and financial advisory, Deloitte Consulting also rivals major management consultancies such as McKinsey & Company, The Boston Consulting Group and Bain & Company, as well as functional specialists in areas such as management, human capital, M&A, finance, digital, technology, and innovation.

Following the departure of Oana Petrescu, who has led Deloitte Consulting for the past five years and has decided to pursue an entrepreneurial career in consulting and restructuring, Deloitte Consulting launched a search process for a new Managing Partner. The consultancy considered both internal and external candidates, with KPMG partner and PwC veteran Dinu Bumbacea coming out on top as the person most suited to lead the outfit.

Bumbăcea has worked in professional services and management consulting since 1993, when he joined PwC. He spent eighteen years at PwC in Bucharest, latterly serving as a partner, before joining KPMG in 2011. At both consultancies, Bumbăcea led dozens of consultancy projects in financial services, oil and gas, telecom, the public sector, pharmaceuticals and private equity. His experience spans the entire Central and Eastern European region, having contributed to projects in Romania, the Republic of Moldova, Bulgaria, Serbia, Slovakia, the Czech Republic, Uzbekistan and Kazakhstan.

In his new role, Bumbăcea will lead Deloitte Consulting Romania. “I am glad that Dinu has accepted to take over the leadership of Deloitte Consulting. He is an experienced professional well anchored in the Romanian business environment. I believe that under his leadership, Deloitte Consulting will continue to excel in the areas in which we already do business, and strengthen those areas in which we have recently started,” said Oana Petrescu.

Petrescu, who in the past worked for among others EY and Arthur Andersen (EY acquired Arthur Andersen in Romania after Arthur Andersen collapsed in 2002), will herself remain in consulting in a role outside Deloitte. She is regarded as one of the more respected turnaround and profitable growth experts in Romania, and will leverage her experience to fulfil interim executive roles.

Commenting on her departure, Alexandru Reff, Deloitte’s Country Managing Partner for Romania, said “I am grateful to Oane Petrescu for her contribution to building the team and the transformation she has put into practice in difficult times.” He added, “At the same time, I am particularly pleased to welcome a leader with Dinu's experience, qualities and reputation. I am convinced that he will make a major contribution to fulfilling our aspirations to have a significant and lasting impact on our clients and culture.”

Bumbăcea, who took the role per the 1st of December 2017, meanwhile said he looks forward to his new challenge. “I am honoured to join Deloitte. Building on our track record and versatile, motivated result-oriented teams, capable of reinventing whenever necessary, I am confident we will be able to replicate global success at a local level. On a personal level, I am delighted to join a group of partners with a set of similar values.”

With a revenue of over $15 billion, Deloitte is the globe’s second largest consulting firm, trailing just PwC, which surpassed Deloitte in terms of revenue after it acquired strategy consultancy Booz & Company, today Strategy&.