Oliver Wyman enters Belgian market with new office in Brussels

24 February 2022 Consultancy.eu 3 min. read
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Global management consulting firm Oliver Wyman has cemented its presence in the Belgian market with the opening of a permanent presence in Brussels.

Oliver Wyman has been active in Belgium for over a decade, serving the local market mainly through fly-in teams from neighbouring the Netherlands (the firm’s Amsterdam office launched in 2007 and now has around 50 consultants) and France (the Paris office was established in 1995 and currently has circa 350 consultants).

Commenting on the new on the ground operation, Gilles Roucolle, Managing Partner for Europe at Oliver Wyman, said: “As demand for our services increases in Belgium, our new office will establish a strong local presence and additional resources to better serve our clients.”

Oliver Wyman enters Belgian market with new office in Brussels

Belgium becomes Oliver Wyman’s 14th country of operation in Europe, with the 2,000 consultants and staff based in 20+ offices serving clients across the entire continent. Globally, US-headquartered Oliver Wyman (which is part of professional services giant Marsh McLennan) has over 5,000 employees.

In Belgium, Oliver Wyman has worked extensively with clients including the European Commission (most notably on strategic and financial advice related to navigating the 2008 financial crisis and Covid-19 pandemic) and several players in the financial services industry, including major banks.

“With deeper local presence and additional local resources in Brussels, we now have the ambition to expand our client portfolio to all industries and capabilities,” said Roucolle.

Leading the local venture is Steven Vermeylen, who has been recruited from PwC, where he spent the past nine years and most recently led the firm’s Industrials and Manufacturing practice and the Value chain transformation team. Earlier, he was a partner at Accenture overseeing the Strategy and Operations practice in Belgium and the heavy process industry practice across the Benelux and France.

Vermeylen is flanked by two others partners: Muriel Schtickzelle and Kevin Smeets. Both are long serving company members and will join the Belgian leadership team to support and drive future growth of the business. Recruiting for new team members is in full swing.

The news comes hot on the heels of Oliver Wyman’s best year on record – in 2021, the firm grew its revenues by 21% to $2.5 billion. Meanwhile, the consultancy last month bolstered its presence in Asia Pacific with the acquisition of Azure Consulting in Australia.

Steven Vermeylen, Head of Belgium, commented: “With companies facing unprecedented challenges such as Covid-19 pandemic and climate-related crises, our new Brussels office will allow Oliver Wyman’s teams to remain even closer to clients and better assist them with their strategic and business needs globally.”

Belgium’s consulting industry is home to most major strategic consultancies, with Strategy& and Corporate Value Associates among the most recent names to join the likes of McKinsey & Company, Boston Consulting Group, Bain & Company, Roland Berger and others already based in the country.