Duncan Woods

Partner and Head of Retail & Business Banking, APR
Duncan is a Partner in the Retail & Business Banking practice of Oliver Wyman based in Singapore. He joined the firm in 2015 and brings a combination of consulting experience, leadership roles in strategy at an international bank, and line management experience in running retail banking businesses.

Prior to joining Oliver Wyman, Duncan worked for Standard Chartered Bank where his roles included

  • Group Head of Strategy for Consumer Banking: acting as an advisor to the Group Head of Consumer Banking and leading an in‑house consulting team to tackle a broad range of issues spanning segments, products, channels and geographic markets as well as broader work for the Board on overall strategy for the Consumer Bank, the Future of Banking & Payments, and in-depth competitor reviews

  • Regional Head of Consumer Banking, Southern Africa: running the consumer banking businesses across three markets with more than 2000 staff and 70 branches. As well as leading a turnaround in the financial performance of the business, rebuilding the SME business, and developing local leadership successors, Duncan led an overhaul of the compliance and control environment in the Botswana business which had been identified as in need of improvement

  • Regional Head of Priority Banking, Singapore and ASEAN: managing the affluent banking segment involving strategy, Customer Value Proposition design, and implementation of the business model
  • Group Head of Alliances, Consumer Banking: overseeing all of the alliances and partnerships in Consumer Bank including co-branded cards, distribution alliances, and broader strategic partnerships

Duncan’s other experience is with Deutsche Bank and McKinsey

  • At Deutsche Bank, he was a hedge fund manager in a $1 BN fund responsible for investments in non-Japan Asia, predominantly in the financial services space
  • At McKinsey, he was a consultant in the Asia Corporate Finance & Strategy practice, advising financial services clients throughout the region on strategy, M&A, valuation, due diligence, and alliance issues

Duncan moved to Asia in 1999 and has been based in Singapore, Hong Kong and Japan, and has worked extensively across SE Asia, Greater China and South Asia.  Duncan has a BA in Economics from Cambridge University, an MSc in Economics from University College London, and spent a year at Harvard Graduate School of Arts & Science on a Kennedy Scholarship.