Boston: The Boston Consulting Group (BCG) has opened three new offices--in Johannesburg, Chennai, and Geneva--enlarging its global footprint to 75 offices in 42 countries.
The announcement follows a strong 2011 for BCG, with the firm posting a double-digit gain in worldwide revenues to $3.55 billion, up 16 percent over the previous year. At the same time, the firm increased its global consulting staff by almost 17 percent, to 5,600.
"BCG's strong and steady growth and our expanding global footprint are a real tribute to the talent of our people," said Hans-Paul Bürkner, BCG's President and CEO. "Even in these uncertain times, our people have an exceptional ability to work together with our clients to generate great value."
"While the global economy remains volatile," he continued, "it offers enormous opportunities for companies willing to make bold moves. By partnering with our clients and enabling their organizations, we are helping them to realize these opportunities, address their most critical challenges, and build sustainable competitive advantage."
Johannesburg is BCG's second office in Africa, following the 2010 opening of one in Casablanca. "Johannesburg reinforces our commitment to Africa and the vast opportunity we see there. Having an office in South Africa will enable us to better serve companies across the continent," said Bürkner.
Chennai is the fourth most populous metropolitan area in India. "Having set up our Mumbai office in 1995 and our Delhi office in 2001, the opening of Chennai is another milestone for us," Bürkner said. "We have a very strong reputation and brand in the region, which has helped us to ramp up our business in Chennai quickly."
Geneva marks the firm's second office in Switzerland. "Geneva is an important financial center and a critical location for working with businesses throughout Europe, as well as major international organizations like the World Economic Forum," said Bürkner.
A continuous emphasis on developing and retaining its people remains the firm's key driver of success, Bürkner noted. As an example, he cited the firm's consistently strong performance on third-party rankings like the FORTUNE "100 Best Companies to Work for" list (BCG ranked second overall in 2012 for the second straight year).
In addition, Bürkner said, the firm is broadening and deepening its specialist capabilities. Last year, it acquired Expand Research, a London-based market research firm that provides business and technology services to leading investment banks and wealth managers. It also recently formed a geoanalytics team that delivers powerful location-based analytics and leading-edge spatial visualizations to help clients solve some of their most challenging business problems.