Heiko Faust and Jesper Kjerside join Oliver Wyman as partner

08 June 2020 Consultancy.eu

Oliver Wyman has added two new partners to its European financial services team. 

Heiko Faust joins Oliver Wyman’s Insurance practice, and is based in the firm’s Düsseldorf office in Germany. He brings over two decades of experience to the global consulting firm, including over ten years in strategy consulting at Bain & Company.

Most recently, 48-year-old Faust worked as Global Head Inforce Management at the Zurich, with a client base in more than 210 countries and territories one of the world’s largest insurance groups. Before that, Faust was a board member at AXA, and also Head of the company’s Inforce Management, Life & Savings insurance business. He started his professional career at AXA as assistant to the board of the CIO. 

At Oliver Wyman, his areas of focus include life insurance, portfolio management, operational excellence and technology. “I left a great team, but I’m just as delighted to have joined a new great team and a great company,” said Faust, who holds an MBA from INSEAD business school.

Kai Bender, head of Germany in Oliver Wyman, said: “Heiko Faust is a proven expert in insurance, especially life insurance. We are pleased to welcome him to our firm.”Heiko Faust and Jesper Kjerside join Oliver WymanMeanwhile, in the Nordics, former McKinsey & Company and Boston Consulting Group (BCG) consultant Jesper Kjerside has joined Oliver Wyman's Stockholm office. He has been appointed a partner in the Financial Services practice, and focuses on retail banking, payments and private equity. 

Kjerside most was a partner at Qvartz, which was acquired by Bain & Company in December last year, but Kjerside left the partnership prior to the deal’s closing in April this year. During his seven years at BCG he ascended to the role of partner, and before that he spent three years at McKinsey, and served investment banking firm Putnam Lovell (acquired by Jefferies in 2007) and Danish law firm Kromann Reumert.

The new Oliver Wyman partner and INSEAD graduate spent most of his career working with financial institutions across Europe. He focuses specifically on financial technology and digital-led business transformation, as well as performance improvement and customer experience.

Globally, Oliver Wyman last year generated revenues of $2.1 billion. The 5,000-strong consulting firm is part of Marsh & McLennan Companies, also the parent of Mercer, Marsh and Guy Carpenter.