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Alex D’Amico

Senior PartnerStamford

Guides clients to create long-term value by setting enterprise strategy and pursuing rapid performance improvement while strengthening organizational health

Alex leads McKinsey’s Financial Institutions Practice in the Northeast United States as well as its Wealth Management and Retirement Practice work for the Americas. Since joining McKinsey in 2007, he has offered advisory support to a wide range of financial institutions including insurers, asset managers, wealth managers, retirement record keepers, law firms, and private equity firms.

Working in partnership with top executives, Alex helps leaders shape enterprise strategy, guide cultural transformations, rapidly boost performance, and redesign organizations to sustain the results. With a strong point of view on what is required to capture value, he has directed transformations to help clients pursue new sustainable performance improvement through top-line growth, margin expansion, and capital management.

Alex’s clients have a track-record of delivering industry leading top and bottom-line growth, significant ROE return on investment expansion, and returns to shareholders at the top of their respective peer groups.

Examples of his recent client work include the following:

  • counseling the managing partner of a global law firm in the development and implementation of a growth and operational improvement strategy 
  • guiding the executive team of a leading life insurer in the development of their enterprise strategy
  • leading a senior team of a leading retirement record-keeper in developing their enterprise strategy
  • working closely with the executive committee of a leading professional services firm in the development of their location strategy
  • counseling the CEO and top team of a publicly-traded financial institution in the sale of a closed block (believed to be the first of its kind)
  • architecting a transformation initiative for a leading US financial institution to drive cultural change and enhance operational effectiveness across the insurance, retirement, and asset management businesses

Published work

From saving to spending: A second front emerges in the US retirement challenge,” McKinsey & Company, July 2022

Developing an effective M&A blueprint for insurers,” McKinsey & Company, March 2022

Creating value, finding focus: Global Insurance Report 2022,” McKinsey & Company, February 2022

Why private equity sees life and annuities as an enticing form of permanent capital,” McKinsey & Company, February 2022

The productivity imperative for US life and annuities carriers,” McKinsey & Company, March 2021

A better approach to M&A in North American insurance,” McKinsey & Company, March 2021

COVID-19: Implications for law firms,” McKinsey & Company, May 2020

Implications of coronavirus for North American life and annuities writers,” McKinsey & Company, April 2020

Maximizing the value of in-force insurance amid enduring low returns,” McKinsey & Company, April 2020

On the cusp of change: North American wealth management in 2030,” McKinsey & Company, January 2020

Long term value creation in US retirement,” McKinsey & Company, August 2019

How to win in insurance: Climbing the power curve,” McKinsey & Company, June 2019

From diligence to delivery Capturing value from retirement record keeping M and A,” McKinsey & Company, April 2019

Past experience

United States Marine Corps
Infantry officer


Harvard University

Princeton University
BA, public affairs