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Federico Berruti is an Associate Partner in the Toronto office of McKinsey & Company.  Federico is a leader of the Canadian banking and financial services practice, and also leads McKinsey’s Global Automation Service Line, with a focus on financial institutions and corporate business functions, across sectors. He serves banks and securities firms on a broad range of risk, finance, operations and technology related issues.

Before joining McKinsey, Federico was one of the founders and Vice-President of Agri-Therm Inc., where he gained experience in the energy and renewables sector (pyrolysis and gasification biofuels), financing, venture capital, strategy, and operations

Federico received his PhD and BESc in chemical and biochemical engineering from Western University, where he was an NSERC Vanier Canada Graduate scholar. He graduated with high distinction and the James M. Hay Gold Medal. He received his HBA from Ivey Business School, where he graduated
with distinction.

Alessio Botta is a Parner in the Milan office of McKinsey & Company.  Alessio is a core member of the global Business Technology Office and of the EMEA Payments Practice.  Alessio leads Global Transaction Banking service line.  Alessio served top financial institutions, both private and state-owned, in Italy, UK, Austria, Germany, Belgium, Luxembourg, Portugal, Spain, Eastern Europe, Turkey, and Singapore.

Along his main expertise on Financial Institutions, Alessio has served Public Sector clients on several Technology & Operations related topics.

Alessio holds an Italian “Laurea Specialistica” degree (M.Sc. equivalent) in IT Engineering and Business Management from University of Pisa, and a PhD in Computer Science and Engineering from the Lucca Institute for Advanced Studies – IMT. Prior to joining McKinsey, he also worked as lecturer and researcher at Suffolk University in Boston and University of Pisa.

Philip Bruno is a Partner in the New York office of McKinsey & Company. He leads the firm's Americas Payments Practice and works extensively with a diverse set of financial services, non-financial and technology firms on a broad array of strategic, operations and organizational issues. Phil is one of McKinsey's experts on credit cards, bank-wide payments, retailer payments, and faster payments.

Philip has led major payments research efforts at the firm and written extensively on the U.S. payments industry, credit/debit cards, merchant acquiring and emerging payment opportunities. Philip holds an M.B.A. from New York University and a B.A. in International Relations from the University of Pennsylvania.

Olivier Denecker is a Partner in the Brussels office of McKinsey & Company. Olivier has been serving clients across the EMEA region, such as Belgium, Netherlands, Portugal, France, Germany, UK, Switzerland, Denmark, Sweden, Poland, Italy, Egypt, Saudi Arabia on a large variety of payment & card related topics, occasionally extending his reach to Asia and Latin America.

Olivier is particularly active in McKinsey’s overall payment knowledge development initiatives. He is very involved in projects surrounding the profitability of payments in Europe, as well as following closely the changes following SEPA and the Payment Services Directive (PSD). He also studied the possibilities for roll out of a credit card strategy in continental Europe, as well as the consolidation process in card processing. Olivier also plays a strong role in McKinsey’s European Payment Practice’s external reputation building efforts, speaking at external conferences and authoring articles to the industry press, being part of the editorial board of ‘McKinsey on Payments’, the Firm’s main publication on payment and card related topics.

Olivier has a degree in Commercial Engineering (Handels- en Bedrijfseconomisch Ingenieur) from the Katholieke Universiteit Leuven.).

Franca Germann is an Associate Partner in the Frankfurt office of McKinsey & Company.  France is a core member of McKinsey’s Capital Markets Infrastructure & Exchanges Practice and works primarily with leading banks, custodians, CSDs and exchanges is in the area of securities services and advanced analytics.

Franca holds a doctor's degree from Goethe University Frankfurt. Beforehand, she studied Finance and General Management at Imperial College, London/UK and the European Business School, Oestrich-Winkel/Germany.

Madhav Goparaju is a Senior Expert in the Chicago office of McKinsey & Company.  Madhav has just recently joined McKinsey and brings over 16 years of industry experience (RBS, ABN Amro, and Wells Fargo) and seven years of consulting experience while at E&Y and Capco. Madhav’s experience as a banking practitioner and consultant and his track-record of building and managing both Capco and E&Y’s first Transaction Banking Advisory service line are a solid foundation to lead McKinsey's North American tranaction banking service line.

Rob Hayden is a Senior Expert in the Cleveland office of McKinsey & Company. Rob is a core member of the Americas Payments and CSBB O&T practices specializing in payments strategy and operations & technology. With 18 years of experience in the payments industry, he serves clients around the globe on a wide array of topics, including: real-time payments, strategic payments planning, operational process improvement, operating model redesign, organizational structure refresh, payment hub architecture, fraud management, eDelivery and eBilling, product development, payments councils, and credit operations transformation.

Prior to McKinsey, Rob worked at KeyBank and MBNA. Rob holds a BBA from Kent State University.

Helmut Heidegger is a Senior Partner in the Vienna office of McKinsey & Company.  Helmut leads the European Corporate & Investment Banking Practice and member of the leadership group of McKinsey & Company's Financial Institutions Practice. He joined McKinsey & Company in 1994.

Since then, Helmut has gained extensive project management experience as a consultant to leading European and global financial institutions in the areas of strategy, business models, risk&regulation, and organization.  His client experience includes:  projects on business strategy, coverage optimisation & roadmap; performance improvement in cash management & trade finance; pricing optimisation in corporate & transaction banking; performance improvement in securities processing; setting up market utilities in the securities servicing space; benchmarking cost per trade in securities settlement; building and optimising the performance of leading international payments utility; regulatory impact & mitigation in CIB; and digitisation in CIB (e.g. digital advisory, RM enablement, online sales platforms).

Helmut holds an MBA from INSEAD and PhDs from both the University of Economics and the University of Law in Vienna.

Matt Higginson is a Partner in the New York office of McKinsey & Company.  Matt is a core member of the Americas Payments Practice and he specializes in Payments Strategy and Banking Operations and leads the Firm’s knowledge on digital ledgers and collections. 

Before joining McKinsey, Matt worked as the National Business Unit Head for forensic testing of illicit drugs and toxicology at the UK’s largest privately-owned forensic science provider, where he managed multiple forensic testing laboratories nationally and gave expert witness testimony at homicide trials at Crown Court.

Matt holds a Bachelor’s degree in Geography from the University of Oxford, a Doctor of Philosophy degree in organic chemistry from the University of Bristol, and a Master of Business Administration from the University of Oxford, where he graduated top of class with Distinction and was awarded the Dean's Prize for outstanding academic achievement in the 2009-2010 Executive MBA Class.

Matt has published widely in international peer-reviewed journals on topics including geochemistry, oceanography and causes of climate change. In addition he has presented widely on commercial applications of digital currencies and payments. 

Prasad Lad is an Associate Partner in the Mumbai office of McKinsey & Company.  Prasad is a co-leader of our Asia Payments Practice.  He has served clients in payments across Asia. He has expertise in the area of digital payments (mobile, QR technologies, payment banks, merchant acquisition and domestic debit card schemes).

Prasad received an M.B.A. from IIM Calcutta in 2009 and a B.Tech. in Electronics and Communication from National Institute of Technology, Surathkal in 2007.

Raffaela Margreiter is a Partner in the Vienna office of McKinsey & Company. She is a core member of the EMEA Payments Practice and the Global Transaction Banking service line, which includes the McKinsey Cash Management Survey that in 2013 surveyed more than 20 players around the globe. Raffaela has served clients on a range of topics from organizational models for corporate banks, impact of Basel III, credit card models for specific European markets, as well as reviewing and improving strategic and operative risk and capital management.

Raffaela earned her Ph.D. in Communications at the University of Vienna.

Marc Niederkorn is a Partner in the Luxembourg office of McKinsey & Company. He leads the firm’s EMEA Payments Practice and works extensively with a diverse set of financial services, non-financial and technology firms on a broad array of strategic, operations and organizational issues. Marc is one of McKinsey's experts on payments processing, lean operations, and bank-wide payments.

Marc is a regular contributor to the "McKinsey on Payments" publication and speaker at leading industry conferences.

Before joining McKinsey in 1995, Marc has worked as a business analyst with Mercer Management Consulting in Paris, London and Washington and as associate in the FIG M&A group of Morgan Stanley in London.

Marc holds a BA from HEC Paris (1990, Dean’s list) and a MBA from Stanford (1995, R.J. Miller Scholar)

Liz Oakes is an Expert Associate Partner in the London office of McKinsey & Company.  Liz joined McKinsey in September 2016 and is a core member of the Global Payments Practice, co-leading the open banking and PSD2 service line.  Previously Liz was a leader in KPMG’s Global Payments Practice.  Liz has more than twenty years of experience in payment systems, both in central clearing and settlement systems, and in bank payment systems design globally. Over the course of her career, she has been involved in the design of SEPA since inception and was the business architect for SEPA Clearing and Settlement Mechanism. She has worked on the rollout of Faster Payments in the UK and subsequently with a number of other countries introducing a new similar capability. Liz has worked on other national payment infrastructures including redesign and platform renewal and outsourcing projects including Sweden, India and the USA. Liz advised the UK Government on the SEPA Regulation and the Payment Services Directive and has worked on the practical impact of EU regulation and legislation in the payments area. She has been actively involved in the design of the New Payments Platform in Australia and in assessing the changes in capability in payment systems versus desired outcomes. Liz is actively involved in the development of the ISO 20022 XML standard for faster payments at a global level.

Kausik Rajgopal is a Senior Partner in the Silicon Valley office of McKinsey & Company.  Kausik leads McKinsey’s West Coast office.  He co-leads McKinsey’s Global Payments Practice, which spans Processing, Consumer Credit, Cash Management and Digital Payments.  He founded McKinsey’s Digital Payments service line in 2006, and leads McKinsey’s efforts in Fintech in Silicon Valley.  Outside the U.S., he has served banking and payments clients in Canada, Asia, Latin America and Australia.

Since joining McKinsey in 1997, Kausik has worked primarily in the financial services and payments industries, helping banks, payments processors, telcos, technology players, networks, consumer credit providers and others address strategy, operations, and organization issues.  

Kausik is an author on payments and financial services topics and a frequent speaker at industry conferences, including Money 20/20, BAI, CFPB panels on Mobile Payments, etc.  He convenes McKinsey’s Emerging Fintech & Payments Forum, which brings together a broad range of Payments players and investors for discussions on the future of Digital Payments and Commerce.  He holds a patent on expedited electronic payments processing.

Kausik received his Bachelor’s degrees in Industrial Engineering and Political Science with Distinction from Stanford University.  He also received his MBA from Stanford’s Graduate School of Business, where he was an Arjay Miller Scholar.  He serves on the Board and Executive Committee of the Bay Area Council, the Board of Governors of the San Francisco Symphony, and the Advisory Board of Stanford University’s Center for Comparative Studies in Race and Ethnicity.  He is also a mentor at StartX, Stanford’s incubator for student entrepreneurs. 

Matthew Rubin is a Proposition Development Executive in the New York office of McKinsey & Company.  Matthew serves on the Leadership Board for McKinsey Panorama, which oversees banking and financial data sources, including proprietary FinTech/InsurTech solutions. Matthew is active in helping clients focus on their innovation and digital strategy and understanding their client value proposition versus emerging digital attackers. He helps lead Panorama’s partnership initiative with fintechs and assists financial institutions in both North & South America,

Matthew has an B.S. degree from the University of Virginia, where he graduated from the McIntire School of Commerce. Prior to McKinsey, Matthew worked for fintech startups including Affirm, an online lending company started by one of the co-founders of PayPal and FinancialGap, a robo-advisory company.

Matthias Voelkel is a Partner in the Frankfurt office of McKinsey & Company. He is the global leader of McKinsey’s Capital Markets Infrastructure & Exchanges Practice, serving exchanges, CCPs, CSDs, securities servicers, and data providers across the globe. He also works for leading banks in Europe and globally.

A particular focus of his work is strategy, corporate finance, merger management, regulatory management, and cost transformation. He is a regular speaker at leading industry conferences. 

Prior to joining McKinsey, Matthias was the Chief of Staff of the Chairwoman of the Budgetary Control Committee of the European Parliament and worked as a legal clerk, inter alia in the M&A-department of the international law firm Freshfields. Matthias is a qualified attorney-at-law. He earned a J.D. (Juris Doctor) in European Law and holds a Diploma in Law from the University of Oxford as well as a Master in Law from the University of Heidelberg.