Renny Thomas is a senior partner in McKinsey’s Mumbai office and leads our Financial Services Practice in India. He has helped major financial services players, in India and across Asia, grow and transform their institutions and become leaders both in their home markets and internationally. He brings particular expertise in strategy development and also advises clients on organisation design and transformation, sales and marketing, risk, IT, and operations.
Renny has extensive experience in retail banking and is deeply committed to expanding access by SMEs to financial services, in India and across emerging markets. For example, he helped a major Indian bank transform its business model to turbocharge the growth of loans to SMEs, helped build a community-based SME lending model across multiple emerging markets, and worked with a private bank to set up a new SME business.
He also has deep expertise in mass-market and mass-affluent business models, consumer finance, wealth management, and payments. He has helped conceptualise and design several market-shaping, digitally enabled businesses, including banking, broking, and remittances. He has also developed strategies, business plans, and organisational models for leading institutions across the private equity, life and general insurance, and asset management sectors.
Renny has led several major knowledge initiatives on the future of banking in Asia, and he helped establish the Asia Banking CEO Roundtable, held annually since 2009.
He is excited to play an active part in the rapid development of Asia’s financial-services sector, including in building new institutions from scratch—he has helped set up greenfield financial-services businesses in India, Indonesia, Thailand, and Vietnam.
Beyond financial services, Renny is passionate about developing future leaders, and heads McKinsey’s recruitment efforts across India. He is also an avid sports fan, particularly soccer, and plays regularly in Mumbai’s corporate soccer leagues.
“Four innovative ways Asian banks can create actionable insights from customer data,” McKinsey & Company, April 2013
Indian Institute of Management, Ahmedabad
Indian Institute of Technology, Delhi
BTech, electrical and electronics engineering