Photo shows from left: Gina Yu-Aquino, Associate Partner; Gino Dizon, Partner; Manny Maceda, Worldwide Managing Partner, CEO and Chairman of the Board; Jean-Pierre Felenbok, Chairman, Philippines; Bennett Aquino, Associate Partner; Yukiko Tsukamoto, Partner; and Patricia Buenaventura Nichol, Partner at the 2022 Bain & Company Manila office launch
Bain & Company, the global business and management consultancy, recently announced the opening of its Philippines office in Manila, marking its broader reach across the Southeast Asia region. This follows the continued expansion of its client base both in the Philippines and across the region.
“On the back of our double-digit growth, Bain & Company is excited to establish a physical footprint in the Philippines. The Philippines has emerged as a significant market in Southeast Asia, with high GDP growth rates, a large and growing consumer market, and underpinned by a strong talent pool. Beyond the underlying fundamentals, we have also seen increased investment activity through COVID, attracted by the pace of consumer change, increased digitalization and a dynamic entrepreneurial environment,” said Wade Cruse, Managing Partner for Southeast Asia, Bain & Company.
Bain’s Manila office represents the official arrival of one of the world’s leading consulting firms to the country. The firm serves more than 60% of the Fortune 500, operating in 40 countries and 65 cities, with more than 14,000 employees worldwide. Bain’s entry into Philippines builds on the firm’s work for over nearly three decades with some of the largest domestic and international companies across key sectors, including Financial Services, Consumer Products, Retail, Communications, Media & Entertainment, Real Estate and Advanced Manufacturing Services. Furthermore, the firm is widely recognized as the leading partner to the Private Equity industry, regionally and globally.
Patricia Buenaventura Nichol, who has been a partner with Bain’s global financial services practice, will serve as office head for the Bain Manila office, responsible for its growth, operations, people and strategy. “For many years, we have had the ambition to establish Bain’s physical presence in the Philippines. We had already been serving local Philippine clients, MNCs and investors albeit from our other offices. Establishing a strong local presence with a senior Filipino leadership team will allow us to further increase the depth of our partnerships with our clients, attract and develop the best local talent, and enhance the capabilities in our communities. It is our intent to bring in local, regional and global experts in key sectors to drive change ‘at pace’ and we look forward to collaborating and supporting our business leaders and changemakers.”
Bain’s mission is to help its clients create high levels of value with the aim to set new standards of excellence in our respective industries jointly. With a passion for results and through working closely with business leaders, Bain has helped firms unlock their full potential on pressing issues like environmental, social, and governance (ESG), as well as digitalization and new business building.
“We are seeing a multitude of opportunities for our clients in Southeast Asia, and given our deep understanding of the country’s most critical business issues, we are uniquely placed to handle clients’ management challenges and help them to achieve tangible, sustainable results,” said Jean-Pierre Felenbok, Chairman of Bain & Company, Philippines. “The Philippines is a market that presents great potential, and our local team will work in close partnership with Bain’s global network, deploying top international expertise to serve the increasing number of priority client relationships we have locally,” he added.
Bain’s Manila office is the firm’s fifth venture in the dynamic Southeast Asia region. It will operate in conjunction with its other offices in Bangkok, Jakarta, Kuala Lumpur, and Singapore. It will also play a critical role as a talent hub in the region. Recognized globally as a great place to work, the firm has maintained its spot in the top four on Glassdoor’s ‘Best Places to Work’ list for the last 14 years.