Germany is Europe’s largest economy and one of the largest economies globally. As such, Germany plays a central role in Europe. It is the home of the European Central Bank and with Frankfurt, hosts Europe’s second largest financial center.
As home to some of Europe’s largest banks, Germany is a vital country for McLagan’s service offerings. McLagan has been working with German banks, insurance firms and asset managers from our London office for more than 15 years. Now, through Aon Hewitt, we also have local consultants who ensure our local market knowledge.
Management ConsultingMcLagan has worked with all major institutions in Germany on a wide variety of remuneration related assignments. We emphasize a balanced analytical approach to developing and implementing total rewards solutions. Our focus on business strategy, financing, tax, and accounting considerations enables us to guide clients in their decision making. Our team’s previous assignments include compensation benchmarking, incentive design and business performance management. McLagan has strong relationships with the large international private banks, as well as the smaller regional public banks (including Landesbanken), boutique firms, investment management companies, and local German branches of foreign banks.
Compensation BenchmarkingThe results from our proprietary studies include full compensation reports, analysed by division and level, for all roles within typical financial services institutions. Besides market pay, our other reports include global pay-out ratios, salary budgets, and trend reports. McLagan collects specialist information for asset management, investment banking, retail banking, private banking, corporate banking, equities, fixed income and infrastructure/support staff.
The 2011 survey contains data from 100 leading global and local financial services firms. All survey materials are available in English and German.
Business, Financial and Regulatory TrendsPerformance data from league tables, in depth intelligence on regulation, intelligence on best practices from top financial institutions and key economic indicators are presented to clients, along with analyses on where business appears headed in the future. McLagan works with a number of third-party external data providers for the most complete and up-to-date market data.