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Fritz Nauck

Senior Partner, Carolinas

Advises financial services executives as they set new strategy and pursue M&A, operational excellence, and optimal organizational design.


Fritz co-leads our Risk & Resilience Practice globally and is a longtime member of the Americas Financial Services Practice.

Since joining McKinsey, Fritz has advised the full range of businesses that comprise the financial services sector. Through a period of intense market turbulence, including rapidly changing digital technologies, competitive innovation, changing consumer behavior, and evolving regulatory frameworks, he has offered expert guidance and helped executives stay ahead of the pace of change.

With a particular focus on serving leading insurance and banking firms, Fritz helps institutions set strategy, achieve operational performance improvement, manage risk and build resilience, undertake organizational redesign efforts, and purse successful mergers and acquisitions.

Strongly interested in future-looking industry strategy, Fritz has contributed to several McKinsey-published articles describing emerging dynamic and successful business models in insurance and United States banking.

While on active duty in the United States Navy, Fritz served as the assistant engineer and weapons officer onboard the submarine USS Dallas.

Published work

Countering inflation: How US P&C insurers can build resilience,” McKinsey & Company, August 2022

The CEO’s risk agenda: An insurance perspective,” McKinsey & Company, April 2022

The resilience imperative: Succeeding in uncertain times,” McKinsey & Company, May 2021

The disaster you could have stopped: Preparing for extraordinary risks,” McKinsey & Company, December 2020

Meeting the future: Dynamic risk management for uncertain times,” McKinsey & Company, November 2020

Optimizing water treatment with online sensing and advanced analytics,” McKinsey & Company, October 2020

Stability in the storm: US banks in the pandemic and the next normal,” McKinsey & Company, May 2020

The value for insurers in better management of nonfinancial risk,” McKinsey & Company, November 2019

Unlocking the next horizon of growth in the life insurance industry,” McKinsey & Company, October 2017

The future of group life insurance in the United States,” McKinsey & Company, May 2016

Rethinking US life insurance distribution,” McKinsey & Company, May 2016

Why US banks need a new business model,” McKinsey & Company, January 2012


University of Chicago
MBA, finance and economics

US Naval Academy
BS, mathematics