Biography

Toos N. Daruvala is co-CEO of MIO Partners, the in house asset management arm of McKinsey & Company. He joined McKinsey in 1983; he was elected a Director (Senior Partner) in 1995; and he retired from the Firm in 2015. Toos has counseled CEOs and senior executives at a range of financial institutions and information/transaction services players on strategy and operational matters. Over his years at McKinsey, Toos led the Americas Risk Management Practice, the Americas Banking and Securities Practice, and the build-out of McKinsey’s global Risk Advanced Analytics capability. Toos served on the global Board of McKinsey and the Advisory Board of the McKinsey Global Institute (MGI). He led McKinsey’s Annual Review of the state of the banking industry. He has contributed to publications such as The Economist and Banking Strategies, and was a frequent speaker at financial industry forums. Toos currently serves on the board of the Royal Bank of Canada (RY), and previously served on the board of MIO Partners. He serves on the Advisory Board of the Ross School of Business at the University of Michigan, Ann Arbor, and is Executive-in-Residence at the Columbia Business School. Toos is a member of the Board of the New York Philharmonic. Toos holds an MBA from the University of Michigan, Ann Arbor, and a Bachelor of Technology in Electrical Engineering from the Indian Institute of Technology, Bombay (recipient of the Distinguished Alumni Award). Areas of interest: strategy, organization; consulting; leadership of financial institutions.