Accenture Names Richard A. Lumb Group Chief Executive–Financial Services
London-based Accenture veteran to oversee company’s Financial Services business serving banking, capital markets and insurance industry clients
NEW YORK; Nov. 23, 2010 — Accenture (NYSE: ACN) has named Richard A. Lumb group chief executive of the company’s Financial Services operating group, which serves clients in the banking, capital markets and insurance industries, effective Dec. 1. In his new role, Mr. Lumb will join Accenture’s executive leadership team and succeed Pierre Nanterme, who will become Accenture’s chief executive officer on Jan. 1, 2011.
Mr. Lumb, 49, currently serves as senior managing director of Accenture’s Financial Services operating unit in Europe, Africa, the Middle East and Latin America, a position he held since June 2006. Prior to that, he served as managing director of business and market development in the Financial Services operating group, with responsibility for leading the origination of some of Accenture’s largest client engagements.
“I am thrilled to have Richard join our executive leadership team and run our Financial Services operating group,” said William D. Green, Accenture’s chairman & CEO. “He brings to the job a strong track record leading the group’s largest regional unit and fostering and developing our major global financial services client relationships. Richard’s contributions to Accenture’s success over the past 26 years have been significant.”
Mr. Lumb has spent most of his Accenture career working in the Financial Services operating group, which accounted for more than $4.4 billion of Accenture’s net revenues in fiscal 2010. Prior to being appointed managing director of business and market development for the Financial Services operating group in September 2005, he was managing partner of the Insurance industry practice in the United Kingdom and Ireland and also served as managing partner of Accenture’s Change Management and Human Performance service line in Financial Services for the Europe, Middle East and Africa (EMEA) region.
Based in London, Mr. Lumb joined Accenture in 1984 and became a partner in 1995. He earned a degree in mechanical engineering and an MBA from Bradford University in the United Kingdom.
Accenture is a global management consulting, technology services and outsourcing company, with approximately 204,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$21.6 billion for the fiscal year ended Aug. 31, 2010. Its home page is www.accenture.com.
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