About Thomas
Thomas leads our Risk Practice in Germany and directs our work on market and trading risk globally. Since joining McKinsey in 1996, he has advised many large financial institutions across Europe, primarily on issues related to risk management and wholesale banking.
With extensive expertise in treasury and market risk, credit risk, enterprise risk management, and “bad bank” implementation, Thomas has helped banking and securities clients deal with a range of challenges: devising liquidity-risk and funding-management strategies, revamping credit and underwriting processes, and establishing a central risk organization and governance. He currently sits on the executive board of the Frankfurt Institute of Risk Management and Regulation. As a member of the Group of Experts in Banking Issues between 2009 and 2011, he has also advised the European Commission on new banking regulation, including the new regulatory Basel III regimes.
Thomas spearheaded the design and execution of several of McKinsey’s proprietary surveys and reports, including an assessment of the impact of new regulations on the banking industry, a European asset-liability-management survey, and a global survey on credit portfolio management. He has an MBA from the University of Bayreuth in Germany and a PhD in finance from the University of Cologne, where his research focused on value-based credit portfolio management.
Published work
“Day of reckoning? New regulation and its impact on capital-markets businesses” (PDF–1 MB), McKinsey Working Papers on Risk, September 2011, Number 29
“Mastering ICAAP: Achieving excellence in the new world of scarce capital” (PDF–1.1 MB), McKinsey Working Papers on Risk, May 2011, Number 27
“Basel III and European banking: Its impact, how banks might respond, and the challenges of implementation” (PDF–596 KB), McKinsey & Company, November 2010, Number 26
“A regulatory squeeze on Europe’s banks?” McKinsey Quarterly, July 2010
“Understanding the bad bank,” McKinsey Quarterly, December 2009
“New frontiers in treasury management at banks,” McKinsey Quarterly, November 2007
Education
| University of Cologne, Germany |
PhD in finance |
| University of Bayreuth, Germany |
MBA |