Gerold Grasshoff

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.

AREAS OF EXPERTISE

EDUCATION

Staatsexamen, Russian and economics, Plechanow Institute
BA, Otto Beisheim School of Management

Publications and Videos

Navigating The Tide: Global ESG, Compliance & Risk Report 2021

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.

Global Risk 2021: Building a Stronger, Healthier Bank

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.

Global Risk 2020: It’s Time for Banks to Self-Disrupt

Risk, treasury, and compliance can help banks return to profitability. But success will require digitizing beyond the edges and redesigning core processes.

Global Risk 2019: Creating a More Digital, Resilient Bank

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.

Trimming the Sails

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.

Banking’s Cybersecurity Blind Spot—and How to Fix It

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.

Global Risk 2018: Future-Proofing the Bank Risk Agenda

The global banking recovery has stalled, as competition, disruption, and tougher regulation hurt profits. Banks should transform risk management to directly support business growth.

Transforming Bank Compliance with Smart Technologies

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.

Global Risk 2017: Staying the Course in Banking

Nearly a decade after the financial crisis, the global banking industry has largely recovered, but risk management and regulatory compliance remain tall hurdles.

Asset Managers Face Rising Regulatory Scrutiny

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.

Asset Managers Face Rising Regulatory Scrutiny

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.

A Sisyphean Struggle: Insights from BCG’s Treasury Benchmarking Survey 2016

Banks continue to struggle against slow growth, the low-interest-rate environment, and heightened regulatory demands. How can treasurers gain ground amid the growing complexity?

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