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...He was previously head of the firm’s northeastern US office....
...Several McKinsey consultants have also taken separate phones when travelling to the territory, the people said....
...BDO is the sixth-largest accounting firm in the US by revenue, having grown annual revenues from about $600mn a decade ago to $2.8bn in the financial year just ended, under the longtime leadership of chief...
...In recent years, the firm has “deepened its capabilities in implementation, digital and organisational transformation, and sustainability consulting, including by acquiring more than 25 companies”, McKinsey...
...“The prolific growth of the data that’s becoming available to us is literally making us better-informed investors.”...
...The company is exploring how best to use AI to improve its services. “In theory, [in] five years, perhaps you don’t need a consultant like us, because everything can be done with AI,” he says....
...“Tax and audit work is being replaced by technology and the lowest price is winning, hence the transformation to consulting and advisory services....
...Santander has hired a trio of senior US bankers, Bloomberg reported....
...McKinsey and BCG have been accused of withholding information on ties with Saudi Arabia, as a US congressional subpoena seeks documents related to their work with the kingdom’s sovereign wealth fund....
...Greater user choice may sound fine in theory, they argue, but it will challenge fundamental aspects of how services work....
...They send it to us because we provide a service, we provide better prices, right? The marketplace has created this unbelievable ecosystem, and it will continue to do it in asset classes around....
...About 476,000 people in the US are diagnosed and treated for it each year....
...That said, we’re not investing here; we’re just trying to hear what markets are telling us....
...For measure, research by McKinsey estimates that operational improvements could save the US government $750bn per annum, without reducing the effectiveness of services....
...Nonetheless, banks have quite a bit of room to make up, given they earned about $11bn on their US leveraged finance businesses in both 2023 and 2022....
...“One of the biggest things our customers and industry tell us about is this overarching challenge around skills and leveraging AI,” he says....
...Driverless cars are being tested in a handful of other US cities and Alphabet’s Waymo has a commercial service in part of Phoenix and surrounding suburbs....
...The business, which is widely viewed as heading for a public listing, handles about one in four US stock trades....
...“From our industry’s perspective and from Hong Kong’s role as an international financial centre, we have our work cut out for us,” said Robert Lee, a Hong Kong lawmaker representing the financial services...
...McKinsey, the consultants, were brought in this year to advise Rolls-Royce on the revamp. About half of Rolls-Royce’s workforce is in the UK. The group employs 10,800 in Germany and 5,400 in the US....
...“Our exposures remain at levels we believe allow us to play offence when compelling opportunities emerge,” Tiger said....
...A recent report published by the Royal United Services Institute said influence operations were “core components” of Russia’s unconventional warfare concepts....
...will reshape us and we shape it....
...Despite a strong recovery in 2023, anyone who bought into the fund on the back of its 2020 performance will be severely disappointed....
...Rates charged by General Motors’ Cruise robotaxi service in San Francisco are comparable to rideshare services from the likes of Uber....
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