McKinsey Global Institute
Richard Dobbs is a director of the McKinsey Global Institute, McKinsey & Company’s economics and business research arm, and a director (senior partner) of McKinsey, based in Seoul.
Richard has served clients around the world in a variety of industries, ranging from high tech and financial services to petroleum, utilities, and the public sector. Clients include one of the largest Asian conglomerates, a European rail system, a global oil major and the top ranked airport.
From 2004 to 2009, Richard co-led McKinsey’s Corporate Finance Practice, where he was also responsible for research and development. In 2009, Richard was asked to colead the McKinsey Global Institute (MGI). While all previous directors of MGI have been based in the United States, Richard remained in Korea and colead MGI globally from Asia.
Richard is a co-author of Value, the Four Cornerstones of Corporate Finance, which was published in November 2010. He has led MGI research on urbanization, global capital supply and demand, natural resources and the global labour market. He has also led research on a number of countries such as Indonesia, Vietnam, India and China. Richard has also written numerous articles and reports about the implications of the financial crisis for companies and managing in a downturn. Other research has focused on, performance management and measurement, mergers and acquisitions, valuation, capital markets, and utility regulation.
His work has appeared in several books, including Valuation: Measuring and Managing the Value of Companies, and Korea 2020 – Global Perspectives for the next decade; in other business and academic journals such as the McKinsey Quarterly, Monthly Chosun, DongA Business Review, McKinsey on Finance, and Corporate Finance; and on the op-ed pages of the Financial Times, Chosun Ilbo, Wall Street Journal and other publications.
Richard is a frequent speaker at international conferences. He is an associate fellow of the Saïd Business School at Oxford University, where he has taught the valuation elective, an adjunct lecturer at Tsinghua University, and on the advisory board of KAIST Business School.
Before joining McKinsey in 1988, Richard received a B.A. in engineering, economics, and management at Oxford University, where he obtained a first-class degree and won the Metal Box and Lubbock Prizes. He was sponsored by Shell UK during his studies and worked for Shell’s North Sea exploration and production business. He also holds an M.B.A. from Stanford Business School, where he was a Fulbright Scholar. He graduated from this course as an Arjay Miller Scholar and won the Robichek Award for Finance.
McKinsey & Company is a management consulting firm that helps leading corporations and organizations make distinctive, lasting and substantial improvements in their performance. Over the past eight decades, the firm’s primary objective has remained constant: to serve as an organization’s most trusted external adviser on critical issues facing senior management. With consultants deployed from more than 90 offices in more than 50 countries, McKinsey advises companies on strategic, operational, organizational and technological issues. The firm has extensive experience in all major industry sectors and primary functional areas as well as in-depth expertise in high-priority areas for today’s business.
The McKinsey Global Institute (MGI), the business and economics research arm of McKinsey & Company, was established in 1990 to develop a deeper understanding of the evolving global economy. Our goal is to provide leaders in the commercial, public, and social sectors with the facts and insights on which to base management and policy decisions.
MGI is led by three McKinsey & Company directors: Richard Dobbs, James Manyika, and Charles Roxburgh. Michael Chui, Susan Lund, and Jaana Remes serve as MGI principals. Project teams are led by the MGI principals and a group of senior fellows, and include consultants from McKinsey & Company’s offices around the world. These teams draw on McKinsey & Company’s global network of partners and industry and management experts. In addition, leading economists, including Nobel laureates, act as research advisers.
For further information about MGI and to download reports, please visit www.mckinsey.com/mgi
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