Brad Bowton
Director, CACE Partners
MBA (The Wharton School, University of Pennsylvania),
BSc (Economics)
Brad is one of the founding Directors of CACE Partners. Prior to CACE Partners, Brad founded another consulting firm, worked as a management consultant with Bain International (2 years) and McKinsey & Company (4 years) and worked as an investment banker with Morgan Stanley International and Salomon Brothers. In his 30-year career as a management consultant, Brad has assisted Australian, NZ, US and Asian CEOs, Boards and Senior Managers across a broad range of industries, although he has largely focused on Financial Services and Property/Construction over the last 30 years. In addition, Brad was a member of the Board of Directors of QIC and Watpac
Some examples of Brad’s experience include –
- Led several engagements in the retail bank, business bank and wealth management business of one of Australia’s big four banks, largely focused on achieving a sustainable reduction in each business’s cost structure. Specific engagements included a redesign of the retail bank’s distribution strategy, a redesign of its mortgage and commercial lending processes, the development of a plan to achieve a reduction in the retail bank’s costs by 30% over 3 years, the development of a plan to achieve a reduction in the business bank’s costs by 30% over 3 years and the installation of a management toolkit to achieve a sustainable improvement in the productivity of the wealth management’s division legacy operations area.
- Led several engagements in one of Australia’s regional banks, largely focused on achieving a sustainable reduction in the organisation’s cost structure. Specific engagements included a redesign of its mortgage and commercial lending processes, the development of a plan to achieve a reduction in the bank’s costs by 25% over 3 years and the installation of a management toolkit to achieve a sustainable improvement in the productivity of the bank’s operations area.
- Assisted the retail bank of one of Australia’s big four banks in a redesign of the its distribution strategy and the development of a plan to achieve a sustainable reduction in its costs by 30% over 3 years.
- Assisted the senior management team of the institutional bank of one of Australia’s big four banks in addressing various strategic issues over a 6-month period.
- Assisted one of the major US banks in designing a plan to achieve a 30% reduction in the costs of its overhead areas.
- With a senior client manager, designed (as part of a strategy consulting firm) and implemented (as CACE Partners) a major cost reduction program in the Australian and NZ businesses of a major life insurance/wealth management company. The cost reduction program covered all areas of the business including back office operations, call centres, overhead functions, distribution, marketing and product and delivered over $100 million in annual recurring management expense savings (over 20% of operational management expense structure). In addition, the team recommended the sale of 2 non-core assets. Both assets were sold by the company. CACE Partners was involved nearly full-time for over 3 years.
- Co-led with a senior client manager a 2-year program in the Australian and NZ businesses of a major life insurance/wealth management company that achieved a $50 million reduction in management expenses, lifted their customer satisfaction ratings and embedded six sigma methodologies across the organisation. CACE Partners was involved for 20 months in the design and implementation of the Program’s key initiatives
- Assisted a leading Australian financial services company in developing a program to reduce operating expenses by a double-digit figure over 2 years. Assisted over a one-year period in designing and implementing cost reduction initiatives in the client’s distribution, investment management and platform operations.
- Developed and implemented with the CEO and Senior Management of the NZ business of an A/NZ financial services company a program to improve operational performance and reduce costs by 35% over 3 years. Re-designed the entire operating model of the business across its asset management, life insurance and super/investment businesses. Assisted over a 10-month period full-time. Achieved 35% cost reduction objective ahead of schedule.
- Developed and implemented with the CEO and Senior Management of a Top 50 ASX-listed property investment and development company, a program to streamline its operations and achieve a 20% sustainable reduction in overhead costs. In addition, assisted the client in developing scalable, robust and disciplined operations in several of its back-office activities, particularly payroll and finance. CACE Partners was involved nearly full-time for 3 years.