About Balázs

Balázs brings deep experience in advising major financial institutions on strategy, risk, and operational and organizational transformation. He is a leader in McKinsey’s Risk Management Practice.

Balázs has helped design and deliver far-reaching transformation programs for several leading financial services companies across Europe. Working with an Eastern European banking group, for example, he helped shape a large-scale collections transformation program across its subsidiaries—both retail and corporate.

For another major bank, Balázs developed a Lean transformation program focusing on customer care units including call centers, branch offices, and collections; the effort identified 20% in cost-saving opportunities. For a major universal bank, he designed a comprehensive change program to drive cultural and organizational renewal. And for a large Eastern European financial institution, he steered a turnaround strategy to mitigate risks from its legacy non-performing loan portfolio and to re-launch growth in key segments.

His other experience includes planning and helping manage the separation of the “bad bank” function of a major Eastern European bank. This assignment included shaping strategy, strengthening operations, and ensuring legal compliance.

Prior to joining McKinsey, Balázs worked for Raiffeisen Bank in Budapest.

Education

Budapest University of Economic Sciences and Public Administration
MSc, business administration

London Business School
MBA