Global management consulting firm Kearney has named Alberto Fumo the European leader in its new Transactions & Transformations practice.
For Alberto Fumo, an Italian who has worked in the consulting firm for nine years, this is his second promotion in a year. In March, Fumo was named European leader in Kearney’s Private Equity and M&A practice.
This practice has now merged with the Advanced Transformation Services practice to form the new Transactions & Transformations practice, in line with the firm’s goal of providing clients with a “multidisciplinary team that can provide end-to-end support on strategic transformations.” said Bob Haas, global head of the Transactions and Transformations practice in the United States.
âOrganizations around the world are looking for more sophisticated and integrated merger and acquisition, divestiture and transformation services. With the Transactions & Transformations practice, we are making new investments and expanding our capabilities and ability to serve our clients on their most complex challenges, âsaid Haas.
The new wing will help firms and private equity firms strategize and complete their deals, with post-trade value enhancement initiatives and broader transformations that hit the M&A agenda.
Geir Olsen, Head of Europe at Kearney, said: âOur Transactions & Transformations practice will allow us to serve our clients with a broader scope and scale of capabilities to address transformational changes in a much more proactive, holistic manner. and transparent.
Fumo brings over 20 years of experience to this role, including successfully advising over 300 acquisitions, mergers and divestitures during his career. Prior to joining Kearney in 2012, he spent eight years with rivals LEK Consulting and Bain & Company.
Commenting on the appointment, Fumo said it was an “honor” to take on the expanded mandate, adding that the cabinet can now “deliver a more unified approach” to shaping transformation journeys.
Other executives associated with Kearney’s European Transactions and Transformations practice include Rhiannon Thomas, Head of Strategic Transformations; Angus Hodgson, Head of Merger Integration and Divestiture; Nils Kuhlwein, head of restructuring; and Ira Gaberman, responsible for leadership, change and organization.
The news comes less than a week after Kearney’s acquisition of Nordic sourcing consultancy Prokura, only his third deal in the past decade.