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Richard Balaban

Biography

Before his retirement in December 2015, Richard Balaban was a Senior Partner of Oliver Wyman, focusing on strategy, strategic planning, and business model design in industrial and B2B operations. He had been a Partner since 1987 and was Head of the London Office and Head of the global Strategy Practice. Richard worked on business and corporate strategy studies in most industries, including building materials, glass, metals and mining, oil products, specialty chemicals, telecommunications, consumer products, paper and forestry, financial services, risk management, and airlines. His work ranged from comprehensive strategy reviews and implementation projects to more focused profitability improvement, manufacturing cost improvement, and acquisition and investment planning studies. In particular, Richard helped develop some of Oliver Wyman’s distinctive approaches to portfolio analysis, corporate strategy, commercial effectiveness in distribution businesses, and business model innovation. He has extensive experience with the design and application of strategic planning programs and tools matched to particular company capabilities. He has always been biased in favor of practical implementation approaches. Teams which Richard led have continuously refined Oliver Wyman’s ideas about linking analytical proof about what to do with the people side of how to get things done.