Dr. Philipp Wackerbeck is an advisor to executives in the financial sector for Strategy&, PwC’s strategy consulting group. He is a Managing Director Strategy& Germany, based in Munich. He is a member of our Financial Services team, where he is one of our leading practitioners in the area of risk, capital, and regulation for the banking and insurance industry.
In addition to his expertise in the risk space, Philipp Wackerbeck has extensive knowledge in asset-based finance, such as commercial real estate, and Islamic banking. An avid writer, he has contributed to books, and articles including the Strategy& viewpoints "The road to resilience: Basel III challenges require immediate action" and “A comprehensive risk appetite framework for banks”.
He has successfully led multiple high-profile client engagements in diverse settings in Europe, North America and in the Middle East.
His recent client work has included:
- Restructuring and strategic reorientation for a European investment bank
- Large-scale banking sector stability programs with central banks in Europe
- Advisory of governmental institutions in EU State Aid processes
- Alignment of business strategy, risk appetite, and risk culture
- Optimization of credit processes for wholesale and corporate banks and in commercial real estate finance
- Redesign of the risk management function of a large US bank
- Strategy development and launch support for new Islamic banks in the Middle East
- Pre-merger and post-merger integrations with leading banks and financial service providers
- Cost optimization for a leading insurance asset manager
- Due diligence and acquisition support for a real estate asset manager
- Capital optimization programs and capital increase support for banks
- New exit management and syndication strategy for a commercial mortgage bank
Prior to joining Strategy& in 2006 as an associate, Philipp Wackerbeck worked for Deutsche Bank and AIG.
He holds an MBA. from the University of Passau, a postgraduate diploma degree from the Institute of Islamic Banking and Insurance, London, and a PhD in risk and insurance from the European Business School, Oestrich-Winkel.