Gil Mermelstein Joins West Monroe Partners as a Managing Director
Chicago, IL – August 26, 2010 – West Monroe Partners, a management consulting firm, today announced that Gil Mermelstein will join the company on September 1, 2010, as a managing director responsible for building the firm’s New York office and for leading practice development and client service delivery across the US East Coast. A former senior partner at BearingPoint Europe, he will play a key role in advancing West Monroe Partners’ strategic alliance with that organization, announced in March 2010. He also will serve on West Monroe Partners’ Executive Committee and will work closely with the firm’s Banking & Insurance practice.
Mermelstein joins West Monroe Partners from BearingPoint Europe, a €500 million organization with more than 120 partners and 3,000 consultants, where he most recently was head of Management Consulting in the United Kingdom and Ireland. He worked closely with industry segment leaders to restructure the business and resume a growth trajectory in the midst of 2009’s challenging market conditions. Mermelstein was instrumental in formalizing the strategic alliance between BearingPoint Europe and West Monroe Partners, a relationship that will expand the two firms’ global market coverage and enhance services to their international clients.
“Gil Mermelstein not only adds a key leadership component to our business; he brings nearly 20 years of experience and perspectives that will be extremely valuable for our clients, particularly those with international operations or interests and those facing significant transformation,” said West Monroe Partners President and Chief Executive, Dean Fischer. “Gil’s background is tailor-made for this role, and we are thrilled to have him as part of our growing team.”
Mermelstein previously was a partner in BearingPoint’s Financial Services Strategy and Transformation practice in New York and a senior vice president for MBNA/Bank of America. His transformation experience includes linking corporate and business unit strategy with large-scale transformation including business and operating model design, revenue enhancement, customer management strategies, process re-engineering, business process outsourcing and offshoring , strategic cost reduction, and development of performance management. He is also an experienced M&A practitioner.. He has driven major global transformation programs in retail and commercial banking, capital markets, asset management, and insurance in extensively both the United States and Europe.
“West Monroe Partners’ strengths, particularly in the financial services sector, and its focus on the type of transformation that so many sectors are facing today are very well aligned with my past experience,” said Mermelstein. “I am very excited about the opportunity to help extend the firm’s reach, both on the East Coast and to Europe as part of the partnership with BearingPoint.”
Earlier in his career, Mermelstein served in management roles for A.T. Kearney and PricewaterhouseCoopers in New York, London and Tel Aviv. He earned a Bachelor of Science degree in accounting from the University of Maryland, College Park and a Master of Business Administration degree with concentration in strategy and corporate finance from INSEAD in Fountainebleau, France.
About West Monroe Partners
West Monroe Partners is a North American full-service management consulting firm focused on guiding organizations through projects that fundamentally transform their business. With the experience to create the most ambitious visions as well as the skills to implement the smallest details of our client’s most critical projects, West Monroe Partners is a proven provider of growth and efficiency to large enterprises, as well as more nimble middle-market organizations. Their consulting professionals drive better business results by harnessing experience across a range of industries, serving clients out of offices across the US and Canada. For more information, please visit: www.westmonroepartners.com