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The CEO of Oliver Wyman has met with Ukraine’s President Volodymyr Zelenskyy. Nick Studer made time in his schedule to debate how the agency may help Ukraine’s authorities navigate current points amid the on-going battle, and put together for rebuilding sooner or later.
After the Russian army’s invasion of Ukraine commenced in early 2022, the World Financial institution predicted it might take a minimum of $411 billion to rebuild Ukraine and its financial system after the battle. With the launch of a Ukrainian counter-offensive in late 2023, this sum is more likely to improve additional, because the battle escalates once more.
Over the 2 years of the battle, skilled companies corporations have persistently labored with Ukraine to assist accommodate these big prices – and plan to rebuild when the battle ends. The Marsh McLennan household of companies has persistently been one of many corporations trying to assist. A part of that group is technique consultancy Oliver Wyman – which closed its offices in Russia following the onset of the battle.
For a while, Oliver Wyman groups led by Crispin Ellison, alongside Marsh and Man Carpenter groups led by Marcus Baker have assisted the Ukrainian authorities in searching for funding and making ready for reconstruction. This contains serving to to construct a battle danger information platform to provide transparency on battle injury for traders and insurers; and creating the primary public-private insurance coverage scheme to cowl grain exports alongside the Black Sea humanitarian hall, which is already delivering grain exterior the nation.
Trying forward, the groups are additionally discussing different elements of reconstruction, as Ukraine prepares for a 3rd 12 months of extended difficulties. However as with all different shopper engagement with a consulting agency, there must be a accomplice to test how supply goes. On this case, no different alternative would do – and the agency has despatched its CEO to supervise issues.
Talking on LinkedIn, Oliver Wyman CEO Nick Studer introduced, “I meet incessantly with senior shoppers or potential shoppers, and every time I do I replicate on the nice privilege it’s to signify my Marsh McLennan and Oliver Wyman colleagues, and profit from the unbelievable work that they do. It was due to this fact an important pleasure this week to accompany the US President’s Particular Consultant Secretary Penny Pritzker, Juan Luciano of ADM and Bernie Mensah of Financial institution of America to Kyiv for conferences with authorities and parliamentary figures to speed up enterprise funding for Ukraine’s restoration.”
Necessary visitors
In keeping with Studer, the delegation “met with President Zelenskyy accompanied by members of his cupboard”, which additionally included Prime Minister Shmyhal and First Deputy Prime Minister Svyrydenko; Speaker of the Verkhovna Rada Ruslan Stefanchuk and political faction leaders; Deputy Prime Minister Kubrakov along with representatives from agriculture, metals, mining and logistics corporations. They then visited the Kyiv Faculty of Economics.
Studer continued, “All of us mentioned methods to extend exports from Ukraine’s Black Sea ports — important to supporting farmers and jobs, growing tax revenues, and exporting grain and different items to the world. I centered on the work now we have carried out, the potential for insurance coverage to contribute to export delivery and aviation, and the reforms wanted for restoration. My colleagues mentioned agriculture and finance.”
Reflecting on the journey, Studer thanked the organising group, and “particularly… Ambassador Bridget Brink and her staff, who sorted us extremely nicely”. He added that he’s “deeply proud” of Oliver Wyman’s impression in supporting the Ukrainian individuals, concluding that “this work, and this expertise, is without doubt one of the highlights of my profession”.
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