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Consulting

This Month

Matthew and Simone Rennie have sold their consulting business to Pemba Capital Partners.

Pemba Capital snares stake in Rennie Advisory consulting business

The private equity firm will take 40 per cent of the founder-led business, which has aspirations of growing from 40 to 300 staff in four years.

  • Aaron Weinman
David Willis, head of Alvarez & Marsal’s Australian transactions group, planned to grow the Australian business to $500 million in revenue in 10 years.

Alvarez & Marsal hires a dozen senior staff in big four raid

The professional services firm wants to expand its Australian business to about 300 staff, and aims for future revenues of up to $500 million.

  • Aaron Weinman
Change management consultant Friska Wirya: “I like dressing up for the office.”

This fashion-conscious consultant quit her job over an outfit

Friska Wirya is a change-management consultant whose career has seen her work with ASX-listed companies, implementing digital innovation.

  • Lauren Sams
Victorian Premier Jacinta Allan has denied that public servants were frozen out of the early development of the Suburban Rail Loop.

‘Secretive’ $125b rail loop plan is good for productivity: Allan

Victorian Premier Jacinta Allan says there is nothing controversial about Labor’s use of consultants to ‘prove up’ the Suburban Rail Loop.

  • Updated
  • Gus McCubbing
EY partner Dean Yates said due diligence would still need to be completed before Games agreements were signed.

No site visits, no briefings: Games’ business case done in just weeks

EY partner Dean Yates says the original business case the firm prepared for the cancelled 2026 Commonwealth Games identified significant problems.

  • Gus McCubbing
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AFR, Nous Group CEO and Managing Principal, Tim Orton

Boutique consulting firm cuts dozens of staff to face a ‘slow’ 2024

Nous boss Tim Orton says “challenging market conditions” are unlikely to improve.

  • Edmund Tadros
Chief Consulting Officer for the Australian Government Consulting office Andrew Nipe.

Ex McKinsey, Bain operative to run Canberra’s in-house consulting push

The high-powered in-house Australian Government Consulting unit will be led by former Victorian data chief Andrew Nipe.

  • Tom Burton

November

John Mullen has reshuffled his chairman commitments, adding Scyne Advisory and Treasury Wine Estates and moving on from Telstra.  He is also chairman at Brambles.

Why private equity’s next board pick at Scyne Advisory will be a shock

Can you imagine CBA boss Matt Comyn being overlooked for a board seat at the bank in favour of another employee? It wouldn’t happen. But that’s what Allegro Funds wants to see at Scyne.

  • Anthony Macdonald

Consultants go from rock stars to targets of jest

A succession of scandals and a business slump has reduced the rock stars of the business world – as well as accountants, lawyers and PR spinners – to the butt of jokes.

  • Matt Oliver and Adam Mawardi
McKinsey has a 45,000-strong workforce.

Party’s over for graduates as consulting firms freeze starting salaries

McKinsey and BCG among those in the US holding pay at last year’s levels as growth slows.

  • Stephen Foley
Victorian Premier Jacinta Allan was the minister responsible for the Games before they were axed.

Eleven Games committee officials were paid $300k a year

The top public servant charged with overseeing the cancelled Commonwealth Games was paid more than $500,000 last financial year, a report has revealed.

  • Updated
  • Gus McCubbing
EY has outed itself.

Former EY partner in tax case ‘took $700k in unauthorised payments’

EY Australia has outed itself as the big four firm involved in a court case in which a former partner is fighting to keep his name secret.

  • Max Mason and Neil Chenoweth

October

Bain has pushed the start date for graduates back to October next year.

Strategy firm Bain delays new starters by up to 10 months

The consulting company’s Australian office has deferred the start dates of its roughly two dozen new employees until as late as October next year.

  • Updated
  • Edmund Tadros
The five major consulting firms.

Major consultancies cut staff, slash spending as market slows

A widespread slowdown in public and private sector demand this financial year has led firms to take a variety of measures to reduce or defer costs.

  • Edmund Tadros

Services inflation is proving hard to trim

The average price of hairdressing and personal grooming services increased by 6.7 per cent last year. At one Sydney salon, it means a shampoo, cut and blow dry will cost $200 from next week.

  • Ronald Mizen
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Billions of dollars is potentially being wasted by federal government departments failing to get value for money from major contracts.

Consultants banned from public service core work

A major revamp of public service outsourcing means consultants will lose out on lucrative contracts as federal agencies take their core work in house.

  • Tom Burton
Professor Kehinde Andrews of the University of Birmingham.

Deloitte UK staff raise alarm over talk by ‘anti-white’ academic

A professor who described Winston Churchill as a white supremacist set to speak to the consultancy firm’s UK employees about identity and “black excellence”.

  • Steven Edginton

Hire us, not consultants, barristers tell government

The Victorian Bar says using “individual experts” would be cheaper and help overcome issues of accountability and breach of trust.

  • Maxim Shanahan
The ATO case adds to increased spotlight on the big four following the PwC tax scandal.

Big four partner alleged to have promoted tax exploitation scheme

A former partner at a major accounting firm is facing significant fines for allegedly promoting tax avoidance schemes to seven clients.

  • Max Mason and Neil Chenoweth
Luke Sayers says he is accountable for his leadership of PwC because he is answering questions about it.

Sayers explored selling PwC’s consulting business

Senators grilled PwC Australia chief executive Kevin Burrowes this morning before saying they were “astonished” at evidence from predecessor Luke Sayers. Here’s how the day unfolded.

  • Updated
  • Edmund Tadros and Nick Bonyhady