Press release
Sydney – 10 April 2019 – Bain & Company announced today that Peter Stumbles has assumed the role of Managing Partner for the firm’s Australia business, effective 1st April 2019. His appointment was announced by Worldwide Managing Partner Manny Maceda on the 30th anniversary of the firm’s entry into Australia. Mr. Stumbles will continue to be based in the Sydney office.
“Australia & New Zealand have been a key region for growth, since we first opened there 30 years ago and it’s inspiring to see how it has developed into an industry leading market around digital transformation, customer focus and innovation.” said Manny Maceda, Bain’s Worldwide Managing Partner. “Peter has been a trusted member of the Bain family and our clients for the past 20 years and so I’m thrilled for him as he takes on this role, and excited to see him take our Australia & New Zealand practice into the next chapter of growth.”
“I’m honoured and energised to be asked to lead and serve our partnership in Australia ,” said Mr. Stumbles. “It is a privilege to be able to support our clients on their most important issues, as they look to transform their businesses to grow faster, delight their customers, and evolve their business models.”
In his new role, Mr. Stumbles will be responsible for leading Bain’s business across Australia & New Zealand including overseeing its growth, strategy, talent and operations.
Mr. Stumbles was most recently head of Bain & Company’s Financial Services practice for Asia Pacific. He has extensive experience in various financial services markets including banking, insurance, wealth management and payments. He has also served many clients across the telecommunications, technology and private equity sectors, and has worked most extensively in Australia, New Zealand, Asia and North America. Before joining Bain, he studied at the University of Sydney, where he received a Bachelor of Electrical Engineering.
David Zehner, who has served as the Australia & New Zealand Managing Partner for seven years, will assume the role of head of Consumer Products practice for Asia Pacific.
Under Mr. Zehner, the firm nearly doubled in size by revenue and the partner team grew to 36. “It’s been an honour to lead the Australia & New Zealand practice for the past seven years. I’m incredibly proud of the reputation we’ve built for helping our clients achieve outstanding results and the growth we’ve achieved as a consequence,” said Mr. Zehner. “I’m thrilled to have Peter taking over at the helm, as he is a respected leader across the firm with a proven track record for helping our clients increase profits, build sustained value and deliver lasting results.”
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