Peter A. Flaherty is a Director of the McKinsey Advisory Council. He joined McKinsey & Company in 1975, became a Principal in 1981, and was elected a Senior Partner in 1986. In June 2001, he moved to part-time status with McKinsey to focus increasingly on not-for-profit interests, especially in education, healthcare, international affairs and in issues relating to New York City. At McKinsey, Mr. Flaherty has worked predominantly with financial institutions, as well as media and information companies. His primary functional focus has been on change management, the systematic process for helping institutions facing major transformation. He has led more than 25 such engagements. Mr. Flaherty is also active in private investments and for many years served on McKinsey’s Investment Advisory Committee, which is responsible for pension and discretionary partner investments, with a particular focus on alternative investments. Mr. Flaherty is a graduate of Stanford University, the Johns Hopkins School of Advanced International Studies and the Harvard Business School. He is a member of the Board of Visitors of the Institute for International Studies at Stanford University and of the Advisory Council for the Johns Hopkins School of Advanced International Studies. He is on the boards of the Foreign Policy Association, Rockefeller University, and of TechnoServe. He is a member of the Council on Foreign Relations.