Dr. Philipp Wackerbeck is an advisor to executives in the financial sector for Strategy&, PwC’s strategy consulting business. He is a Partner at Strategy& Germany and based in the Munich office. As the Global Head of financial services for Strategy& and PwC’s EMEA banking and capital markets Leader, he regularly advises clients on important strategic projects like growth and market entry strategies, reorganizations, large-scale transformations and particularly in deals related projects including M&A, carve outs and debt and equity transactions. Additionally, he has in-depth knowledge in the risk, capital and regulations space.

In addition to his functional expertise, Philipp has extensive knowledge in corporate and investment banking, particularly asset-based finance. He has supported banks, asset managers as well as insurance companies tackling their most important strategic and transformational challenges. An avid writer, he has contributed to books, and articles including several Strategy& reports. He has successfully led multiple high-profile client engagements in diverse settings in Europe, North America and Asia.

Prior to joining Strategy& in 2006 as a Senior Associate, Philipp worked for Deutsche Bank and AIG. He holds a Master of Business Administration from the University of Passau, a Postgraduate Diploma from the Institute of Islamic Banking and Insurance in London, and a PhD in Risk and Insurance from the European Business School in Oestrich-Winkel.

Recent client work

• 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
• Development of private debt strategies for insurance companies and asset managers