The watchdog’s filing focused on disclosures McKinsey made about its secretive $12.1 billion investment unit, known as MIO Partners & said the firm’s sworn testimony that the unit is operated independently from the firm “as a blind trust” is inaccurate.
McKinsey withheld the names of 6 connections as “confidential clients,” based on its longstanding policy of "protecting" its clients’ identities.
Court papers show that one such confidential client accounts for about 17.5% of McKinsey’s restructuring business’s annual revenues.
Court papers show that one such confidential client accounts for about 17.5% of McKinsey’s restructuring business’s annual revenues.
