U.S. Bancorp hires McKinsey Senior Partner Tim Welsh

28 July 2017 Consulting.us

U.S. Bancorp has appointed Tim Welsh to the role of Vice Chairman of Consumer Banking Sales and Support at U.S. Bank. The former McKinsey & Company executive committee member has joined the leadership of the fifth largest bank in the US during a time of increasing industry volatility fueled by disruptive changes in consumer behaviour.

Tim Welsh, formerly of McKinsey & Company, has joined US Bancorp after more than 25 years at the global management consultancy. Most recently, Welsh was a Senior Partner in McKinsey’s Minneapolis office, where his work focused on business model adaption strategy in light of changing consumer behaviour. During Welsh’s 25-year tenure at the firm, he held numerous leadership roles, including sitting on the firm’s 30-person global Shareholders Council. Mr. Welsh was previously a lead in the firm’s global Learning and Development practice; he was also co-leader of the firm’s global strategy/corporate finance practice, as well as co-leader of the firm’s North American life insurance and wealth management practice.

Mr. Welsh holds an MBA and a BA in Social Studies, both from Harvard University. Outside of work, he holds various board roles at charities in Minneapolis, including chair for the Greater Twin Cities United Way. He is also the founder of the Itasca Project, an organisation focused on improving the quality of life in Minneapolis and St. Paul.

Tim Welsh, Vice Chairman - US Bancorp

Welsh joins the US’ fifth largest bank – US Bancorp – which has assets of $450 billion and operates in 25 states. In his new role as Vice Chairman of Consumer Banking Sales and Support Welsh will be responsible for overall consumer and small business strategy at the bank. Mr. Welsh replaces Kent Stone, who announced his retirement earlier in 2017, after 37 years with US Bancorp.

Commenting on Welsh’s appointment, US Bancorp CEO Andy Cecere remarked, “Tim’s in-depth knowledge of the consumer and the ever-evolving expectations customers have for their experience with a financial institution are directly in line with our vision at U.S. Bank. The banking industry continues to find itself in transition as customer expectations become increasingly fragmented across a variety of digital and branch-bound channels.”

“Tim is a well-known and highly regarded strategic thought leader in the financial services industry,” added Cecere. “He is a strong fit for our culture, and his appointment to this role will enable us to continue to position the company for ongoing, sustainable growth.”

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Leadership advisor YSC Consulting appoints Eric Pliner as CEO

18 April 2019 Consulting.us

London-based global leadership consultancy YSC has appointed Eric Pliner as its new CEO, replacing Robert Sharrock, who held the role for five years. Pliner, previously the firm’s Americas leader, will remain based in New York City.

For 30 years, YSC Consulting has been providing leadership advisory services to clients across a wide range of industries. The firm provides services in the areas of leadership strategy, performance, research, and analytics. YSC also has offerings in organizational leadership and CEO & board advisory. The firm’s approach is grounded in the behavioral sciences, allowing clients to better align business strategy and leadership.

In 2017, Graphite Capital complete a private equity investment in the firm, which has allowed YSC to continue its rapid expansion across the globe. Today, the firm has 19 offices across the Americas, EMEA, and APAC regions, staffed by 225 professionals with backgrounds in clinical psychology and organizational behavior, among other areas.

YSC’s incumbent CEO, Robert Sharrock, will now move into the roles of managing director of YSC’s board and CEO of the advisory practice. Sharrock had previously indicated that he would move into a client-facing role following one year of results after the private equity infusion.Leadership advisor YSC Consulting appoints Eric Pliner as CEO


 “Having achieved the goals we established as a business during my tenure, I look forward to fully devoting my time to the client service areas of the business I find most rewarding, which is working directly with board members and CEOs,” Sharrock said. “I will also be offering my unreserved support to Eric and our global team as we continue to expand our distinctive business around the world.”

Eric Pliner, who has been with the firm since 2010, will step into the role of CEO. An expert in organizational behavior, talent management, and development, Pliner joined the firm as a senior consultant, working his way up to managing director and head of YSC Americas in 2014.

Prior to joining YSC, Pliner was director of organizational talent management & development at the NYC Department of Education, and was an adjunct instructor in the curriculum & teaching department at Hunter College in New York. He holds an MBA in management, organizational behavior, and human resources from the City University of New York – Baruch College.

“Robert has successfully led the business through five years of sustained growth and shaped the brand into a premier global leadership consultancy,” Pliner said. “I am thrilled and humbled by the opportunity to lead this iconic firm as we continue to serve world-class organisations in understanding and developing the critical leadership to achieve their future business strategies.

“Whether through individual executive assessment, pre-deal due diligence and post-deal integration for private equity transactions, design and execution of inclusive leadership and diversity strategy, coaching for senior executives and teams, resilient change leadership, and more, YSC’s global services are and will remain distinctive, characterful, and best-in-class,” he added.

Related: Ohio-based consultancy Change 4 Growth launches UK office