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Somesh Khanna

Senior Partner, New York
Coleads McKinsey’s global banking and securities practice and leads high-impact digital transformations, helping companies improve performance, drive innovation, and create value

About Somesh

Somesh coleads McKinsey’s banking and securities practice globally. He brings more than 25 years of experience in financial services to his work, helping clients strengthen their businesses. Previously, he led McKinsey Digital for financial services globally. He has a proven track record of helping companies build and scale new capabilities, and of deploying the power of digital and advanced analytics to create greater value and enhance performance.

Somesh serves banking and insurance companies on a wide range of issues, including productivity transformation, digital strategy, organization, sales and marketing, operations, technology, and risk management. He has supported retail banks on digital transformations, sales-force performance, profitability improvement, and business-process reengineering. He has also worked with credit-card companies on achieving growth through digital acquisitions, marketing optimization, and product innovation. In the property and casualty-insurance space, Somesh has helped clients bring about growth in specialty, commercial, and personal lines, and undergo claims transformation. He has also served life-insurance companies on digital strategy, sales, and operations.

Prior to launching and scaling McKinsey Digital for financial services, Somesh led the firm’s New York office.

In addition to his work with McKinsey, Somesh has served as a director of the board of the Lincoln Center for Performing Arts since 2012 and is an active participant at the Council on Foreign Relations in New York.

Video

The bank of the future,” McKinsey & Company, November 2014

Published work

Global banking annual review 2019: The last pit stop? Time for bold later-cycle moves,” McKinsey & Company, October 2019

Inflection point: Seven transformative shifts in US retail banking,” McKinsey & Company, October 2019

Banks and the digital flywheel: An engine for ongoing value capture,” McKinsey & Company, July 2018

Six digital growth strategies for banks,” McKinsey & Company, April 2018

From disrupted to disruptor: Reinventing your business by transforming the core,” McKinsey & Company, February 2017

Cutting through the noise around financial technology,” McKinsey & Company, February 2016

Digital America: A tale of the haves and have-mores,” McKinsey Global Institute, December 2015

The fight for the customer: McKinsey global banking annual review 2015,” McKinsey & Company, September 2015

“Go on the offensive: Use digital to build the bank of tomorrow,” Voices on bank transformation: Insights on creating lasting change, McKinsey & Company, March 2015

Strategic choices for banks in the digital age,” McKinsey & Company, January 2015

The bank of the future,” McKinsey & Company, November 2014

Past experience

eCredit.com
Vice president, corporate development

American Express Bank
Director, corporate finance

Education

Northwestern University, Kellogg School of Management
MS, finance and strategic management

Indian Institute of Management
Post-doctorate degree, finance and marketing

Indian Institute of Technology
BS, chemical engineering