McKinsey alumnus Leonardo Riera leads mining company Ensurge

17 January 2019

Ensurge, a US-headquartered company that develops gold mining operations in Guyana, has appointed McKinsey & Company alumnus Leonardo Riera as the firm’s new Chief Executive Officer (CEO). “Under Leonardo’s leadership, we expect to create significant shareholder value, said Charles Gargano, member of Ensurge’s Board of Directors.

Through its subsidiaries, Badger Mining and Minerals, KC3 Mining and North American Resources, Ensurge has been engaged in mine development in Guyana for decades. The firm’s management and their family has been continually mining gold, diamond and other rare earth minerals in the former British colony since 1993.

“Ensurge has extraordinary properties in mineral-rich Guyana, with production licenses in place. Our priority is to start gold production in the first half of 2019, using environmental-friendly methods and mandatory reforestation of any affected areas. The long-term plan of the company is to develop its unique Tantalum properties located in a stable and mining-friendly nation,” stated Ensurge’s newly appointed CEO, Leonardo Riera. Gargano added: “After a modest additional investment, we expect to start production, fund additional geology, and organize the potentially massive tantalum opportunity that we have ahead of us.”

McKinsey alumnus Leonardo Riera leads mining company Ensurge

Riera brings over three decades of experience to the top role. He most recently worked as a business consultant and entrepreneur, including gold mining operations in Brazil and in Peru, and in renewable energy. Previously, he worked for Bankers Trust, where he held the role of Executive Director and Country Head of the Venezuelan operations for twelve years. At the company, Riera coordinated dozens of transactions involving credit, Eurobonds, securitizations, private equity, bonds, trading, mergers & acquisitions, and advisory work for private bank clients, Venezuelan companies and multinational in the oil, mining, construction, electric, food, banking, telecom, and retail sectors.

After starting his career as a consultant at McKinsey & Company, the globe’s largest strategy consulting firm, Riera left to become a manager at Citigroup. Based in Caracas, Venezuela's capital, he headed a unit that focused on corporate finance and mergers & acquisitions.

Leonardo Riera holds a Bachelor of Science degree from Catholic University Andres Bello, and a Master’s degree in Business Administration with a focus on Finance and International Management from the Wharton School of Business at The University of Pennsylvania.

Brazilian Bain partner Mário Conde joins firm's Dutch office

11 April 2019

Mário Conde, a partner at Bain & Company in Brazil, has relocated to the Netherlands, where he has been appointed a partner in the consulting firm’s Amsterdam office.

The 36-year-old has been with the global strategy and management consulting firm since 2011, when he joined after completing his MBA at INSEAD in France. During his tenure at the firm, Conde rapidly ascended the ranks, appointed a partner in December 2017. 

Having served Bain & Company in its São Paulo and Rio de Janeiro offices, Conde has now decided to pursue his career in Europe. Commenting on his move to the Netherlands, a country of 16 million people, Stephen Bertrand, Managing Partner of Bain’s Amsterdam office, said: “We are delighted that Mário has chosen to proceed his career in Europe within our office.”

The Canadian-origin country leader added that Conde brings a wealth of relevant and valuable experience to the Dutch practice. He specializes in topics including strategy and organization, customer strategy and marketing, performance improvement, mergers and acquisitions (M&A) and corporate finance. Conde also gained extensive experience with digital transformation, in particular advanced analytics, topics.

Brazilian Bain partner Mário Conde joins firm's Dutch officeFrom an industry perspective, Conde’s work has mainly been in the financial services industry. In Brazil, he advised several large insurance companies (property, casualty, life and personal insurance, reinsurance) and other companies on insurance-related matters (healthcare, auto insurance), as well as helped dozens of banks and players in the payments space. “Mário’s experience matches closely with the type of projects we deliver in the Netherlands,” said Bertrand. 

Established in 1998, Bain’s Amsterdam office has over 140 consultants and is one of the firm’s most international across its footprint of 57 offices globally. “Located at the crossroads of Europe, and with our outstanding track record in the Netherlands, Amsterdam is an attractive place to live and work. Bain’s Amsterdam office has a long history of welcoming transfers from all over the world.” Last year the Dutch office was named the country’s best employer in a ranking based on employee feedback. 

Conde’s appointment comes shortly after Bain in the Netherlands promoted the American Kyle Weza to its partner team. Other non-Dutch partners among its 15-strong partner team include Jenny Davis-Peccoud, Anna Thal Larsen and Steven Tallman.

In other senior appointments at Bain unveiled this week, Jean-Pierre Felenbok was named Managing Partner for Southeast Asia and Peter Stumbles as Australia and New Zealand Managing Partner.