Miklós Dietz

Miklós Gabor Dietz is a Senior Partner and also the Managing Partner of McKinsey & Company's Vancouver office, where he leads the Strategy & Corporate Finance group within the global Financial Services Practice. Miklós is a certified financial analyst, a member of the CFA Organisation, a founding member of the Hungarian Society of Investment Professionals and an author. He is the co-author of ‘The Ecosystem Economy: How to Lead in the New Age of Sectors Without Borders’ along with Venkat Atluri. In 2008, Miklós was awarded the Knights Cross of Hungarian Republic, for the support to the Prime Minister in managing the global financial crisis.

Miklos holds a MPhil in finance and econometrics from University of Cambridge, a JD law from Eotvos Lorand University, and a MSc, economics from Corvinus University of Budapest.

Prior to joining McKinsey, Miklos worked as a portfolio manager at Merrill Lynch based in London, Los Angeles and New York managing both growth and value funds.

In 2001, Miklos joined McKinsey's Budapest office, and since then he has led over 400 projects in more than 40 countries across the world, covering multiple sectors, with primary specialisation in the financial sector, and focusing on business building, strategy, innovation, digital, large scale transformation, and marketing and sales topics.

Miklós is also the Chairman of McKinsey’s Panorama, the flagship project that mines a blend of banking and financial data sources—including proprietary data—to provide wide-ranging insights into emerging strategic opportunities and sources of performance improvement. As the leader of the Panorama team, he has participated in strategy development for several of the world’s largest banks and financial regulators.

As an author, he has recently co-authored with Venkat Atluri ‘The Ecosystem Economy’, a book that offers a fresh perspective on how the global economy is being fundamentally transformed by the acceleration of new technology development, evolving consumer preferences and behaviours, business models and organisational and performance management constructs. He also writes regularly for the McKinsey Quarterly on financial technology innovation and the role of start-ups in the banking ecosystem.

Miklós did MSc in Economics from the Corvinus University of Budapest in 1994 and Doctor Luris in Law from Eötvös Loránd University in 1997. He, then, joined 
Merrill Lynch in 1998 as a portfolio manager, based in London, Los Angeles, and New York managing both growth and value funds.

In 2001, he joined McKinsey as Managing Partner of its Vancouver office. He also led the Strategy and Corporate Finance group within the global Financial Services Practice. Miklo?s led more than 300 engagements for both private- and public-sector organisations across 40 countries. 
In his current consulting work, he focuses on helping leaders unlock the potential of digital technology. He has advised large financial institutions on digital transformation programs, from overall program design and managing cultural shifts to strategic and tactical prioritisation. Miklós has also supported the government and central bank of an Asian country in developing a next-generation financial infrastructure and digital banking strategy.

Further, Miklós oversees Panorama, a McKinsey-created application that mines a blend of banking and financial data sources—including proprietary data—to provide wide-ranging insights into emerging strategic opportunities and sources of performance improvement. As the leader of the Panorama team, he has participated in strategy development for several of the world’s largest banks and financial regulators.

He is also a Chartered Financial Analyst (CFA), member of the CFA Organisation and founding member of the Hungarian Society of Investment Professionals. In 2008, Miklós was awarded the Knights Cross of Hungarian Republic, for the support to the Prime Minister in managing the global financial crisis.

Miklos writes for the McKinsey Quarterly and other publications on a range of banking topics—most recently on financial technology innovation and the role of start-ups in the banking ecosystem. He has also published extensively on developments in the global banking landscape. 
 

Published work

Miklós Dietz is a prolific writer and senior partner at McKinsey & Company, a global management consulting firm. Dietz has published numerous articles and reports covering a wide range of topics related to the banking industry and the ecosystem economy. In his latest work, The Future of Banks: A $20 Trillion Breakup Opportunity, Dietz provides insights into the changing landscape of banking and how traditional banks can navigate the new ecosystem economy. Some of his other notable publications include Global Banking Annual Review 2022, Remaking the Bank for an Ecosystem World, and Competing in a World of Sectors Without Borders. Through his writing, Dietz aims to help businesses understand and adapt to the ever-changing business environment to stay competitive and thrive in the long run.

Miklós's work as a senior partner at McKinsey & Company, as well as his experience as a portfolio manager at Merrill Lynch, has allowed him to develop a deep understanding of the ever-changing economic landscape.

‘The Ecosystem Economy’, that he co-authored with Venkat Atluri offers a unique perspective on the accelerating changes within the global economy. 

In a recent interview with Dinis Guarda, he said:

“This concept of Ecosystem Economy is now so visible and unquestionable that it is cutting through cycles. Instances like COVID have shown how stronger ecosystems are than traditional supply chains. We are really pushing businesses to take a step back and look at their core businesses to understand the fundamental customer needs they solve. For instance, a car manufacturer is actually into the mobility business, because cars are just a fundamental need for mobility. So, this is like getting fresh perspectives.
And then, we are helping people to rethink the partnerships and collaborations, because that is the core of any ecosystem. When your business is free from sectorial barriers, it will be very much like a healthy constantly growing traditional ecosystem. 

We believe that the primary element of the future economy will be like a huge ecosystem collapsing and emerging around major customer needs. The rules of this arrangement are vastly different from what companies have seen in the past. Competition is not for market share anymore, but for customer ownership. The winner is the one who orchestrates this ecosystem, or participates in unique data and unique customer understanding."