November 16, 2022“As an Ecuadorian, it’s always a dream to come back to your home country,” says McKinsey partner Rafael Espinoza, who will co-lead our firm’s new Latin America location in Quito. “Ecuador has tremendous potential.” The new office will build on McKinsey’s work in the country’s financial sector and look to help clients drive resilient growth in a range of industries, including agriculture, retail, and more. [Leer en español.]
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From left, Carlos Buitrago and Rafael Espinoza, the McKinsey partners leading the new Ecuador office
Rafael was born in Quito, lived there for the first 24 years of his life, and attended the Universidad San Francisco de Quito. A serial entrepreneur, he founded a tour company, a digital marketing agency, and a restaurant, all in town. “I always say, on average, I didn’t come out with a lot in terms of money, but I am rich in experiences,” he laughs. “And that’s what has brought me to where I am.”
His office co-leader, partner Carlos Buitrago, was born in Colombia and has worked with McKinsey for 11 years; the last four were spent building up our office in Medellin, Colombia.
“For me, this is a natural evolution of our regional strategy in Latin America,” he reflects. “We’ve been growing for the last 20 years in different geographies, from Colombia, Peru, Chile; followed by Panama with an amazing story in Central America, and then the Dominican Republic and Uruguay. Ecuador is the next step of that journey of extending our presence in different countries, finding those organizations that can benefit from best practices and perspectives from a firm like ours, and growing our talent pools.”
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