Bain & Company announced senior leadership changes within its global Financial Services practice, further strengthening its fast-growing role as a strategic partner for leading financial institutions worldwide.

With the financial services industry undergoing far-reaching technological change, Bain continues to see its FS clients around the globe seeking ways to navigate the challenges and opportunities of AI, intensified competitive pressures, and fast-changing marketplaces and customer needs. By expanding its leadership capacity with today's appointments, Bain will enhance its ability to support clients' developing needs across financial services sectors to meet this critical moment, transform their business models and operations, and lead in their industry.

Bain announced that Peter Stumbles and Dirk Vater will take over as co-leaders of the firm's global Financial Services practice on January 1, 2026 – with the new, dual leadership underlining Bain's commitment to the practice's next phase of growth as it further broadens and deepens its capabilities and support for clients.

"As the financial services industry faces a rapid transformation from new technology, data, and AI, we are adding leadership capacity to match the scale of our clients' ambition and accelerate the pace of change," said Laura Miles, Bain & Company's chief client officer and global head of industries. "The appointment of Peter and Dirk as global practice co-leaders and their extensive expertise across the industry further enables us to bring innovative, new approaches and investments to help our financial services clients globally solve some of the most complex business challenges."