Managing Director & Senior Partner
Gerold Grasshoff is a core member of The Boston Consulting Group’s Financial Institutions practice and head of the firm’s Risk Task Force. He became a Fellow in 2011. Gerold leads BCG's global work in risk management in financial institutions.
Gerold’s fellowship research is risk and capital management, with a special interest in the current changes to the regulatory framework and their impact on the financial-services industry. In the coming years, he will focus on establishing a comprehensive understanding of the new international regulatory landscape. His research is linked to BCG’s overall risk team efforts, and his findings are discussed on a yearly basis in the firm’s global risk reports.
Gerold has already introduced Basel II and Basel III concepts into universal banking steering and operations. His premerger and postmerger support for European banks has included risk reduction programs for large investment banking portfolios and the complete setup of best-practice risk organizations.
Since joining BCG in 1997, Gerold has focused on large-scale transformation projects in the banking sector and topics on risk management.
Before BCG, Gerold worked for Hoechst India in Bombay, Group Danone in Paris, Booz Allen & Hamilton in Düsseldorf, BHF-Bank in Tokyo, Mercedes-Benz Japan in Tokyo, Volkswagen AG in Moscow, and BUNA Werke Schkopau in Halle.
Read BCG’s Compliance Magazine Special Issue to learn how companies should prepare for monitorships, what the main challenges and key success factors during the monitorship term are and to understand the benefits of successfully completing a compliance monitorship.
This report discusses how companies around the world are navigating a rising tide of regulatory and consumer expectations to optimize their compliance target operating models (TOMs). The insights here are based on a global, cross-industry survey of more than 150 companies. The report reveals the maturity of companies' approaches, resource availability and organizational context, as well as current progress on the digitization of key functions.
Banks that fortify their core will emerge from the pandemic fitter and with the financial muscle to be a bulwark for customers and the broader community.
Risk, treasury, and compliance can help banks return to profitability. But success will require digitizing beyond the edges and redesigning core processes.
Outside forces may have dictated the path in the period following the recession period, but today’s banks have an opportunity to lead the way. Those with foresight will recognize that the road to resilience starts with digitization.
BCG’s 2018 Treasury Benchmarking Survey, the fifth in a biennial series, continues the story of how treasuries have responded to one of the most challenging periods in banking history. For most, it has been a journey of significant and, in some cases, profound change.
Banks must recognize that cyberattacks are more than just an IT problem—they’re a major threat to the industry and to the world’s financial system.
The global banking recovery has stalled, as competition, disruption, and tougher regulation hurt profits. Banks should transform risk management to directly support business growth.
Banks’ regulatory compliance functions are under pressure after massive fines in recent years. New operating models and smart technologies offer financial institutions a fresh approach.
Nearly a decade after the financial crisis, the global banking industry has largely recovered, but risk management and regulatory compliance remain tall hurdles.
Regulatory scrutiny on asset managers—both independent and bank owned—has increased, and leading firms are trying to understand new trends that affect investors before regulators take action.