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Phil Strause

Phil Strause has 40 years of management consulting experience focused on strategy and business planning, corporate governance, financial management and operations. He has in-depth expertise in the financial services industry working with commercial banks, investment banks, brokerage firms, insurance companies and other specialized financial institutions. He was a member of the firm’s Financial Services Leadership Team from 1988 through his retirement in 2006. From 1997- 2003, he was Practice Director, Asia Pacific Africa Financial Institutions Practice, for Deloitte Consulting based in Hong Kong. In that capacity, Mr. Strause led Deloitte’s consulting practice to financial services firms in Japan, Greater China, Southeast Asia, Korea, Australia and South Africa, quadrupling the business and integrating the practices across the region. Mr. Strause directed projects throughout Asia including helping to start the retail securities business of a major global brokerage firm in Japan, reengineering the back office functions of one of Korea’s largest banks, working with the People’s Bank of China to develop improved governance processes for the State Owned Commercial banks and developing a more effective organizational structure for a major Provincial Branch of China’s largest bank. He wrote frequently in regional publications, spoke at financial institution conferences across the region and is currently Chairman of the Advisory Committee for the Asian Banker Retail Banking Awards. From 1993-1997, Mr. Strause led Deloitte’s global financial management service line which included Value Based Management, Performance Measurement, Strategic Cost Management and Activity Based Costing, Cash Flow Productivity, Shared Services and Reengineering the Finance Function. From 1983-1992, Mr. Strause was Managing Director of Deloitte Consulting’s San Francisco practice. In 2005 and 2006 Mr. Strause led the planning and implementation of Deloitte Consulting’s Strategy and Operations Advisory Center in Hyderabad, India. The Center is a unique business model in India in that Advisory Center consultants are integrated with US and global consulting teams to offer around the clock research, analysis and solution development services to Deloitte clients in the high tech, telecommunications, health care, life sciences, financial services and manufacturing industries. Mr. Strause is an early stage investor in several Band and non Band companies He is on the Board of several non profits. He is a graduate of the Massachusetts Institute of Technology (BSEE, 1965) and the Harvard Business School (MBA, 1967).