Back to

Arno Gerken

Senior Partner, Frankfurt
Advises financial institutions, insurers, energy companies, and oil companies on a broad range of risk-related strategic issues

About Arno

Arno is the Leader of the Knowledge Committee for the Risk Practice. He works with a broad range of clients in banking, insurance, oil and gas, and energy. He also provides targeted support on risk topics to telecommunications and logistics organizations.

Arno’s recent work includes the establishment of a new approach to enterprise risk management (ERM) at a major oil company, the development of new approaches to originate electricity or fuel positions at an energy company, the mitigation of actual bank failure and an improved approach to regulatory compliance for a financial institution, and adaptation of Solvency II rules for an insurer. Other projects involved the redefinition of a European postal company’s risk-mitigation program and the setup of an ERM function for a leading telecom player. He has also led a benchmarking initiative on electricity and commodities trading for European utilities and helped an energy company design and implement an asset hedging program.

Arno is based in Frankfurt; he joined McKinsey in 1993. He holds a masters degree and a PhD, both in finance and economics, from the University of Bonn, where his major areas of study included game theory and statistics.

Published work

The secret to unlocking hidden value in the balance sheet,” McKinsey & Company, March 2020

Managing industrials’ commodity-price risk,” McKinsey & Company, November 2019

People and talent management in risk and control functions,” McKinsey & Company, May 2015

Managing supplier risk in the transportation and infrastructure industry,” McKinsey & Company, February 2015

Between deluge and drought: The divided future of European bank-funding markets,” McKinsey Working Papers on Risk, July 2013 (PDF–756 KB)

Risk modeling in a new paradigm: Developing new insight and foresight on structural risk,” McKinsey Working Papers on Risk, May 2011 (PDF–568 KB)

Getting risk ownership right,” McKinsey Working Papers on Risk, November 2010 (PDF–460 KB)

The real risks of credit derivatives,” McKinsey Quarterly, February 2010


University of Bonn
Masters and PhD, finance and economics