NEW YORK and CHICAGO, May 11, 2016 /PRNewswire/ -- Global management consultant A.T. Kearney announced today that Carl Rutstein has joined the firm as a partner in its Financial Institutions practice. Mr. Rutstein brings his extensive background and over 25 years of experience in retail banking and payments. Notes Bob Hedges, Partner and Global Leader of A.T. Kearney's Financial Services practice, "Carl is an extraordinary addition to our North America team. Along with his well-established industry thought leadership and deep expertise, he brings an extensive network of long-term relationships, a strong growth-oriented and entrepreneurial attitude, and a vision of all the possibilities for growing this practice. Carl will be an impactful strategic thought leader with our clients." Mr. Rutstein will be focusing on strategic opportunities for banks to grow their retail banking, credit card, and payment businesses.
Most recently, Carl Rutstein was with The Kessler Group (TKG), where he served as president of the company and a senior advisor to The Boston Consulting Group (BCG). Prior to TKG, Rutstein spent over 20 years with BCG, where he held the position of senior partner and managing director. His role at BCG included leading their North American Payments Practice, as well as Private Equity efforts in the Midwest and Canada, the Financial Institutions Strategy Practice globally, and alumni relations in North America.
Observes Carl Rutstein, "The credit card and payments sectors are rapidly evolving. I am excited to join a team that is at the forefront of these changes. A.T. Kearney shares my passion for research-based strategies, and has been successfully delivering industry-leading transformation programs for the top banks and wealth management companies globally. I am eager to contribute my knowledge to these efforts and support the dynamic evolution of the industry." Reflecting those goals, in June, Mr. Rutstein will publish a research paper on growth opportunities in the credit card business and drive efforts to help banks grow and optimize their card businesses.
Among Carl Rutstein's particular areas of expertise are retail banking product development, credit card growth and portfolio acquisitions, payment network economics, merchant acquiring and processing, and the customer experience implications of FinTech and emerging payments growth. The addition of Mr. Rutstein to the Financial Institutions practice shows A.T. Kearney's strong commitment to providing clients with best-in-class strategic advisory services in the retail banking, credit card, and payments space.
Carl Rutstein adds, "We are in a time when financial institutions are being forced to evaluate and transform their underlying business models. Changing consumer behavior, digital technologies, and real-time payments, all contribute to rapidly changing businesses. Disruptors in the industry seem endless." Bob Hedges continues, "A.T. Kearney has a strong commitment to partnering with our clients to help them navigate the future of financial services. Carl's addition to our team is part of that commitment. His work has consistently been cutting-edge, impactful, and focused on the most pressing banking and payments industry issues."
Carl Rutstein will be based in A.T. Kearney's Chicago office.
About A.T. Kearney
A.T. Kearney is a global team of forward-thinking partners that delivers immediate impact and growing advantage for its clients. We are passionate problem solvers who excel in collaborating across borders to co-create and realize elegantly simple, practical, and sustainable results. Since 1926, we have been trusted advisors on the most mission-critical issues to the world's leading organizations across all major industries and service sectors. A.T. Kearney has 62 offices located in major business centers across 42 countries.
To read more about A.T. Kearney's Financial Institutions practice, please visit: http://www.atkearney.com/financial-institutions
Meir Kahtan Public Relations, LLC
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SOURCE A.T. Kearney