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Reinhard Hoell

Serves banks and payment companies on developing and executing strategic growth plans, improving operations, managing change, and scaling innovation

Reinhard is a partner in McKinsey's Düsseldorf office. He focuses on financial services, helping retail and corporate banks, payments specialists, fintechs, and other companies across Germany, Europe, and beyond address strategy, digital, and organizational issues.

Examples of Reinhard’s recent client work include the following:

  • driving value-creation programs for a European financial services portfolio companies
  • working with European banks on their go-to-market and commercial excellence implementation
  • designing a new payment scheme for a global payment company
  • executing on a cost and efficiency program for a regional bank
  • supporting European workout specialists in their portfolio and risk appetite planning
  • helping a German bank with a rapid-E2E-digitalisation effort across its retail and corporate units
  • supporting European private equity funds in numerous buy- and sell-side process

Reinhard is passionate about working with established and new financial institutions to drive change in a new, increasingly digital world.

Published Work

The changing landscape for banks,” McKinsey & Company, January 2024

Global Banking Annual Review 2023: The Great Banking Transition,” McKinsey & Company, October 2023

Business mobility payments: On the road to change,” McKinsey & Company, July 2022

German banking returns to the playing field," McKinsey & Company, July 2021

Building a successful payments system,” McKinsey & Company, September 2020

A perspective on German payments,” McKinsey & Company, September 2019

Global transaction banking: The $1 trillion question,” McKinsey & Company, September 2019

A vision for the future of cross-border payments,” McKinsey & Company, SWIFT, October 2018

As value creation reshapes payments, can banks catch up with specialists?”, McKinsey & Company, October 2018

Past experience

Standard Bank of South Africa
Credit portfolio manager

Lehman Brothers


University of Cambridge

École Normale Supérieure
MRes, biology

University of St Andrews
BSc, biology and economics