Oliver Wyman Clients (Ranked By Size)

The list of Oliver Wyman clients is not readily available. After deep research, we’ve managed to find a few of its past and present clients.

The clientele of any company tells about its success and prestige. Oliver Wayman, a leader in management consulting, has been serving a lot of its clients, but who are they really?  

This may come as a surprise, but the list of Oliver Wyman clients is not readily available. However, I spent a lot of time on research and managed to find a few of its past and present clients. I have also ranked them for you based on their size. 

These Oliver Wyman clients are: 

• UBS Investment Bank
• Deutsche Bank
• Southwest Airlines
• Credit Suisse
• London Metal Exchange

Below, I’ll list down the Oliver Wyman clients and rank them by their size. 

Oliver Wyman Clients

Oliver Wyman is now a subsidiary of Marsh & McLennan Companies, Inc. and stands out as one of the best management consultant service providers. 

While serving over 1000 Fortune big companies over the years, it has managed to grab a spot on the Vault Best Consulting firms. 

Oliver Wyman, like most consulting firms, is very secretive in disclosing its client list. But I did some good old journalism and managed to find 5 of Oliver Wyman’s past and present clients who are big in size. Here they are.

1. UBS Investment Bank 

UBS Group ($34.6 Billion in revenue) is a multinational financial services company (Investment Bank as well).

The bank selected Oliver Wyman to oversee the integration of Credit Suisse (a merger valued at 3.35 billion!).

Oliver Wyman was the smallest of the four firms (Bain, BCG, and McKinsey) shortlisted for this integration. But, it successfully secured this prestigious engagement through its better pitch (and because it has reported strong growth in recent years).

FACT: Marsh McLennan, the parent company of Oliver Wyman, has $21.59 Billion in revenue, which is more than any of the MBB firms. 

This is a huge deal between UBS and Credit Suisse, which will create a larger bank with more revenue than Switzerland’s economy (Well, that’s massive)

The integration is an emergency rescue, and the Swiss Government is guaranteeing $9 Billion Francs to UBS bank (This will cover any losses during the process). 

The merger should be finalized by the year’s end, but the complete integration process might take a few years. Oliver Wyman, on its part, will bring the two companies together through its merger integration services.

It will ensure the newly merged entities can work with full effect and efficiency at the same time. (Source)

2. Deutsche Bank 

Deutsche Bank (DB) is another big client of Oliver Wyman ($29.27 Billion in revenue).

This financial giant recently asked Oliver Wyman to help them with a critical task. They needed to pass the rigorous U.S. Stress Test (an important evaluation for financial institutions). (Source)

The consultants at Oliver Wyman were hired to assist the bank in addressing deficiencies in their capital-planning practices within their U.S. unit (and also other challenges). 

It seems Deutsche Bank lacks the internal capacity to meet the extensive data requirement that the Federal Reserve has set for stress tests. It failed the second part of the stress test before this and was listed among “problem banks.” 

The involvement of Oliver Wyman in helping Deutsche Bank navigate through these rough waters shows its expertise. It also tells the tale of the trust that clients place in its consultancy services.

3. Southwest Airlines

Southwest Airlines is a major US airline with a $25.13 Billion revenue. Its CEO, Bob Jordan, made a few decisions after having a bad year (Nearly 16,000 flight cancellations and losses of up to $825 million). 

He says, “There are a lot of reasons that this happened, but it’s on me at the end of the day. It’s on me to not let this happen again and to rebuild trust with our employees and rebuild trust with our customers, and we will do exactly that.” (Source)

He made a board committee to carefully see through the management’s role and also hired experts from Oliver Wyman. Their task was to thoroughly assess the airline system and technology and figure out the problematic areas.

Oliver Wyman identified the main culprit: lack of investment in back-end technology. With the firm’s help, the airline is now planning to invest $1 billion in tech upgrades. They will work on:

• Updating the recovery system for the crew
• Improving the communication tools (Again, for the crew)
• Hiring more operational staff

(Source)

4. Credit Suisse

Before the decision to join hands with UBS Investment Bank, Credit Suisse ($16.23 Billion revenue) also sought the advisory services of Oliver Wyman.

The bank appointed Micheal Bonacker, a senior advisor from Oliver Wyman, as its vice chairman of investment banking and capital markets in Frankfurt. This decision was made to improve the investment banking franchise of Credit Suisse. (Source)

The senior advisor was assigned the task of reporting to David Wah, co-head of global banking, and Frank Heitmann, CEO Germany. He had to give his advisory services to financial services clients (in the German-speaking region and Northern Europe). 

Micheal Bonacker’s experience positioned him as a valuable asset for Credit Suisse as he greatly helped the bank in the financial industry. 

5. London Metal Exchange 

Last but not least, I learned that the London Metal Exchange is also on the list of Oliver Wyman clients (with a revenue of $506 Million).

Recently, LME faced an unusual challenge when Russia’s attack on Ukraine shook the nickel market. Due to the ongoing war situation, the price of nickel surged by 250% in just 24 hours! (Source)

Therefore, LME suspended trading this metal in 2022. But, this decision shocked the global trading community (producers and traders alike).

London Metal Exchange recognized the need to review these events and hired Oliver Wyman. 

The consulting firm is now going to conduct a detailed review of the factors that led the market to suspend nickel trading.

Until now, Oliver Wyman investigated that the short-covering Tsingshan Holding Group in China may be the main reason for the price hike. This review will continue until December. Afterward, it will publish a report on its findings. 

The LME’s decision to involve Oliver Wyman in an independent review is an important step toward the causes and effects of the March 2022 events. Not only that, it also aims to find ways to prevent these kinds of incidents in the future.

In the end, here is a quick table that shows you the list of Oliver Wyman clients (Based on size and revenue).