Bain & Company appoints new Director to develop Global Financial Services in Middle East

Published March 24th, 2010 - 09:20 GMT

Bain & Company, the leading global business consultancy firm, has announced that it has recently appointed Philippe De Backer as Partner & Director, Global Financial Services located in the Middle East. Prior to the move, De Backer was a partner with Bain & Company based in Brussels and Paris, where he was head of Bain & Company’s Benelux and France Financial Services Practice.


A highly experienced corporate strategist and author of four books on management, De Backer joined the firm in 1992 in Boston, and shortly thereafter moved to Belgium to open the Brussels office. He successfully launched the first Financial Services practice in Europe and later led the development of the French Financial services practice that fuels the rapid growth of the French office.


Philippe De Backer brings to the Middle East his established track record of leading successful transformation of major financial institutions in Europe, Asia, Australia and the USA. He relies on extensive experience and expertise in corporate strategy, business unit strategy, growth strategy, operations improvement and organisational structure both banks, financial institutions and insurance groups.


Jean Marie Pean, Chairman of Bain & Company ME, said: "Having Mr. De Backer onboard delivers a significant boost to Bain & Company's Middle East team. We intend to build on his extensive experience in the financial services to further strengthen our portfolio of financial services in the region. The appointment of a new Director of Global Financial Services in the Middle East certainly reflects our strong commitment to support the development of financial markets in the region, especially at this time of recovery from one of the most challenging periods in the global financial sector. We will continue looking out for people who can add value and enhance our performance in the region"


Philippe De Backer says: "The Middle East is a priority area for Bain & Company, which is why I have decided to join this fast growing region. I am very happy about this new challenge and look forward to continuing to work with Julien Faye, who successfully heads and founded the financial services sector in the Middle East 3 years ago."


Bain & Company serves clients through an integrated network of 41 offices in 27 countries around the globe. As one of the world's top strategy firms, Bain & Company offers deep senior expertise across all major industry verticals and capability areas, and is driven by an entrepreneurial spirit of innovation, which has inspired remarkable ideas that have boosted the bottom-line value of countless clients.

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