Bain & Company names new APAC managing partner

Global business and management consultancy Bain & Company has appointed Satish Shankar (pictured) as regional managing partner for Asia Pacific. Based in Singapore, his appointment will be effective 1 April.In his new role, Shankar will be responsible for leading Bain’s business across the APAC region and overseeing strategy, operations, training and development. He will also focus on working with the management teams of national and multinational companies to help them transform their organisations and achieve business results, while helping businesses become more efficient, competitive and future-ready.He was most recently the managing partner for Bain & Company’s Southeast Asia region, a position he held for five years. He brings with him over 20 years of experience. Under his tenure, the company said in a statement that it experienced strong double digit growth across the region, with an emphasis on making Bain the place for business talent, building a strong track record of driving tangible results with clients, and helping to develop the firms’ new offices in Indonesia, Malaysia and Thailand into some of the growth pillars for the firm.Shankar has worked with clients across energy and natural resources, transportation, and consumer products on strategy, transformation, performance improvement and M&A. He has also led Bain’s M&A practice across APAC.Meanwhile, Dale Cottrell, who served as the regional managing partner for six years, will return to advising the firm’s clients as part of Bain’s "servant leader" model, in which partners regularly rotate into leadership roles and then back to client work. The company said in a statement that under Cottrell, Bain’s APAC markets have seen "unprecedented success", both in terms of strong double digit growth, but also in terms of clients, people and the firms’ strategic priority to deliver digital and analytic solutions to help clients drive disruptive results.Manny Maceda, Bain & Company’s worldwide managing partner said that Shankar is the "perfect" leader to drive the APAC region through another period of growth, delivering results for its clients. "He truly has the ability, experience, and character that fits best with our needs in the region for the years ahead, as we continue to partner and team with our clients around the world, I congratulate him as he takes on this role," he added.“It is a privilege to take on this new role and to continue working with our talented and diverse team to help our clients across the region achieve exceptional results. As we continue to approach our industry with an insurgent mindset, we remain dedicated to helping clients be disrupters and APAC is an area with exciting growth and significant innovation, which is critical to our firm’s long term success," Shankar said.“It’s been a true privilege to serve in this role for the past six years and to have seen the firm continue to achieve monumental success and growth across cutting edge technology solutions, from AI, machine learning and blockchain to automation, robotics and IoT. My biggest source of pride has been working with the very best people, across such a diverse set of markets and expertise, to help our clients navigate the disruptive forces they are facing and deliver out-performance in their industry," Cottrell said.