McKinsey & Company ECONOMIC

Request ID: 8a65832f-54d0-4a5d-9043-54892e43faaa Research cut-off: 8 October 2026 Target scope: McKinsey & Company global group, Israel operating presence, controlled/acquired businesses, relevant group investment vehicle, and named current controlling governance principals where public evidence was available.

Authoritative-source screening and entity boundary

McKinsey’s current Israel site states that McKinsey Israel was founded in 2000, maintains a Tel Aviv office at HaArba’a Towers, and serves Israeli private institutions, entrepreneurial firms and not-for-profits.¹ Its current Israel work page says the firm works across “all major sectors of Israel’s economy” and lists, among other industries, aerospace & defense, agriculture, financial services, infrastructure, public sector, real estate, retail and technology.²

The September 2025 OHCHR update to the settlement-business database lists 158 enterprises; a text check of the report returned no McKinsey match.³ A text check of the 2025 Special Rapporteur report A/HRC/59/23 likewise returned no McKinsey match.⁴ The reviewed 2024 Don’t Buy Into Occupation publication enumerates 58 companies tied in that report to settlement-related financial relationships and does not include McKinsey.⁵ These are negative screening results only; absence from those documents does not establish absence of every possible Israel/occupied-territory commercial relationship.^{4, 3, 5}

The 2025 Gaza Humanitarian Foundation/post-war-Gaza controversy identified in current public reporting is a Boston Consulting Group matter, not evidence of McKinsey conduct: BCG’s own statement says a U.S. BCG team began pro-bono aid-organization work in October 2024, that subsequent work was unauthorized, and that BCG disavowed it.⁶ No independent McKinsey-specific evidence was identified tying McKinsey to that BCG/GHF work.⁶

Israeli-Nexus check, acquired identity and group attribution

Founded in Israel: No. McKinsey’s history records James O. McKinsey establishing the firm in 1926 in the United States, while the Israel practice says it was founded in 2000.^{7, 1}

Headquarters or principal management in Israel: no public evidence identified. McKinsey’s 2025 disclosure identifies the legal name as McKinsey & Company, Inc., describes it as a New York corporation owned by shareholders known as partners and senior partners worldwide, and describes operations across more than 130 cities in more than 65 countries.⁸ Global governance is exercised through the global managing partner and the Shareholders Council, the board of McKinsey & Company, Inc.; the current council comprises elected senior partners plus the global managing partner and is chaired by Andrew Pickersgill.⁹

Israeli tax residency / PTE status: no public evidence identified. This is distinct from the existence of local Israeli corporate entities and a local operating office.^{1, 10}

Beneficial ownership or control by Israeli capital: no public evidence identified. The reviewed corporate disclosure says the parent is owned by its partners and senior partners worldwide; it does not disclose an Israeli controlling shareholder or external Israeli capital block.⁸ The public information reviewed does not permit calculation of the national composition or ownership percentages of the global partner base.^{8, 9}

Third-party corporate-data service KYC Israel reports MCKINSEY & CO. ISRAEL TEL-AVIV (2002) LTD, company 513239343, as an active Israeli private company incorporated 3 June 2002, with a 2026 annual report and a Tel Aviv address at HaArba’a 30; the freely accessible KYC Israel page does not identify the current shareholders.¹⁰ Separately, the Israeli government procurement record for a 2018 Tax Authority engagement identifies the supplier as McKinsey & Company, Inc. Israel and gives tax number 560018491.¹¹ KYC Israel is a third-party service rather than an official registry extract, so its identity/status data is treated as corroborative; the current direct-shareholder schedule was not independently established from the retrievable source.¹⁰

Acquired Israeli operating companies

The only controlled Israeli operating-company acquisition identified in this research was Iguazio. McKinsey announced in January 2023 that it had acquired Tel-Aviv-based AI/ML company Iguazio, calling it McKinsey’s first acquisition in Israel and stating that Iguazio’s technology and more than 70 data/AI experts would form the foundation for a new QuantumBlack location in Israel.¹² McKinsey later stated that Iguazio had been integrated into QuantumBlack and that Tel Aviv was one of QuantumBlack’s five AI R&D centers.¹³

The acquisition consideration was not officially disclosed; CTech estimated it at approximately $50 million and reported that the full 70-person data/AI team would join McKinsey.¹⁴ The public sources reviewed do not disclose an exact current ownership percentage, but McKinsey’s language that it “acquired” Iguazio and integrated it into QuantumBlack establishes operating control for attribution purposes.^{12, 13} no public evidence identified that Iguazio manufactures physical goods in Israel; the described business is an AI/MLOps software platform and R&D operation.^{12, 13} no public evidence identified of an Iguazio-specific IDF, Israeli defense, settlement, or critical-infrastructure deployment in the focused searches.^{12, 13}

No additional acquired Israeli operating company was identified after focused searches. This is a searched absence, not a representation that no undisclosed or minor acquisition exists.¹²

Supply Chain & Sourcing Relationships

McKinsey is a management-consulting and related technology-services group, and its 2025 disclosure says it works with more than 20,000 third parties in more than 137 countries for professional services, facilities management, office operations and client-related capabilities.⁸ The reviewed Israel pages describe consulting across Israeli industries and technology activity rather than a consumer-goods retail supply chain.^{1, 2}

• Direct Israeli agricultural suppliers - Mehadrin, Hadiklaim, Galilee Export, Agrexco successors: no public evidence identified after focused supplier-name searches.^{2, 8}
• Importer-of-record structure for regional goods: no public evidence identified.^{2, 8}
• Seasonal procurement of Israeli produce: no public evidence identified.^{2, 8}
• Third-party/white-label Israeli-origin goods reaching McKinsey shelves: no public evidence identified; no retail-shelf model was identified for the target.^{2, 8}

The absence of produce-sourcing evidence should not be confused with the firm’s broader use of Israeli professional, technology or office-service counterparties, which is plausible from its active Israel operation but is not specifically enumerated in the public sources reviewed.^{1, 8}

Product Origin, Labeling & Regulatory Compliance

• Settlement-origin consumer products: no public evidence identified that McKinsey sells or distributes consumer goods labeled “Produce of Israel” or goods originating in West Bank settlements, the Jordan Valley or the Golan Heights.^{1, 2}
• Country-of-origin labeling enforcement: no public evidence identified of a DEFRA/customs or other country-of-origin labeling action against McKinsey concerning settlement-produced goods.²
• Corporate labeling policy for occupied or contested territories: no public evidence identified.¹⁵

The current McKinsey Client Service Policy concerns engagement-risk selection, vulnerable populations, conflicts and client information; it is not a product-origin labeling policy.¹⁵

Investment, Capital & Financial Exposure

Operational foreign direct investment and R&D

The clearest identified operational investment in Israel is the January 2023 acquisition of Iguazio and the associated QuantumBlack Tel Aviv AI R&D presence.^{12, 13} McKinsey described the acquisition as its first in Israel; current McKinsey material continues to describe Iguazio as integrated into QuantumBlack and Tel Aviv as one of five AI R&D centers.^{12, 13} no public evidence identified of a McKinsey-owned Israeli factory, physical-goods manufacturing plant, logistics hub or data center.^{1, 12, 13}

Parent/ownership flows

McKinsey’s 2025 disclosure describes McKinsey & Company, Inc. as a New York corporation owned by its partners and senior partners worldwide and says most consulting/support offices operate through wholly owned or controlled subsidiaries.⁸ The current Shareholders Council page identifies the board of the parent company. The reviewed sources identify partner ownership rather than public-market shareholders.^{8, 9}

MIO Partners and portfolio exposure

McKinsey announced in February 2026 that MIO Partners was a McKinsey subsidiary and a global investment/wealth manager serving McKinsey partners, employees and alumni, with $26 billion under management as of 31 December 2025, including about $20 billion in alternative strategies; McKinsey and Neuberger announced an agreement for MIO’s investment teams and advisory business to move to Neuberger, subject to closing conditions.¹⁶ Focused searches through October 2026 did not surface an official completion announcement, so this audit does not assume the transaction had closed.¹⁶

MIO’s SEC Form 13F information table for 31 March 2026 disclosed positions/options in broad Brazil, China, emerging-markets and S&P 500 ETFs; no Israeli single-name issuer appears in that table.¹⁷ Form 13F does not disclose all asset classes, private funds, non-US securities or sovereign bonds, so that filing cannot establish that MIO had no Israel-related exposure elsewhere.¹⁷

• Israeli sovereign debt / Israel Bonds / Israel-focused funds: no public evidence identified in the reviewed McKinsey/MIO disclosures.^{16, 17}
• Underwriting or lead-arranging Israeli sovereign debt or war bonds: no public evidence identified for McKinsey; McKinsey is not itself presented as a securities underwriter.^{8, 16}
• Insurance underwriting, direct lending or trade finance to settlement-listed companies or Israeli defense primes: no public evidence identified for McKinsey.^{8, 16}
• Material asset-management holdings in OHCHR-listed or Israeli defense companies: No such holding was identified in the reviewed March 2026 MIO 13F table; the disclosure limitations above apply.^{3, 17}

Controlling-principal investments

No public evidence identified of a material personal/family-office investment into an Israeli company by global managing partner Bob Sternfels, Shareholders Council chair Andrew Pickersgill, or another named current Shareholders Council member in the focused searches.⁹ McKinsey’s current policy says colleagues and household members are prohibited from buying or selling single-name publicly traded securities unless Compliance documents an exception; this does not address all private investments and therefore is not proof of absence.¹⁵

Operational Presence & Market Activity

Physical footprint and employment

McKinsey Israel says it was founded in 2000 and currently operates from HaArba’a Towers, South tower, 23rd floor, 30 HaArba’a Street, Tel Aviv.¹ Yaniv Lushinsky’s current profile identifies him as partner and managing partner of the Israel office; it says he works with financial institutions and has led strategy and transformation work in Israel across multiple industries.¹⁸ No current public headcount for the full Israel office was identified. The 70-plus employee figure attached to Iguazio is an acquisition-time technology-team figure and should not be treated as the headcount of McKinsey Israel overall.^{12, 14}

Market positioning

McKinsey describes its Israeli practice as working across all major sectors of Israel’s economy and with key companies in the country’s technology hub.² Its January 2023 productivity report analyzes Israel’s productivity, infrastructure, human-capital and competitiveness gaps and models a higher-productivity economic scenario to 2035.¹⁹ Its Circle of Women Founders program describes mentorship, capability building and investor/alumni networking for seed- and Series-A Israeli start-ups.²⁰ These sources demonstrate economic-ecosystem participation but do not disclose Israel-specific McKinsey revenue, profit or tax paid.^{19, 20}

Israeli public-sector and infrastructure work

[pre-2020] Israel Tax Authority. A government procurement record states that the Israel Tax Authority originally contracted McKinsey & Company, Inc. Israel in December 2014 for workflow/effectiveness analysis and a strategic improvement plan; a 2018 extension for three additional pilots was valued at NIS 5,440,500 and ran from 7 January to 9 December 2018.¹¹ The reviewed record is historical; no continuation after 2018 was established.¹¹

[pre-2020] Tel Aviv metro. Globes reported in November 2018 that a McKinsey study presented to Israel’s Ministries of Finance and Transport assessed a NIS 100–150 billion Tel Aviv metro and recommended financing approaches including value capture.²¹ The evidence is historical; no current McKinsey role in metro delivery was established from this source.²¹

Israeli defense work

[pre-2020] 2008–2011 engagement. The Jerusalem Post reported in July 2008 that the Defense Ministry outsourced budget streamlining to McKinsey under a three-year multimillion-shekel contract.²² Ynet reported in December 2011 that the ministry had paid McKinsey nearly NIS 100 million for an IDF streamlining scheme submitted in 2009 and for overseeing implementation, covering procurement, construction and maintenance spending.²³

[pre-2020] McKinsey’s own 2013 account. A 2013 McKinsey defense article stated that IDF and Ministry of Defense integrated procurement teams had begun category-management work, that an Israeli defense-ministry procurement initiative targeted annual savings equal to 2 percent of the defense budget, and that implementation was then under way.²⁴ This corporate publication corroborates the operational subject matter but does not by itself specify the fee or restate the contractual relationship reported by the Israeli press.²⁴

Current-status limitation. David Chinn’s current McKinsey profile says he was Israel-office managing partner from 2021 to 2025, works with private-sector clients in Israel, and supports government, armed-forces and defense-industrial clients across Europe; it also says he previously led McKinsey services for defense ministries and armed forces globally.²⁵ That profile does not identify a post-2020 IDF or Israeli Ministry of Defense client. Focused searches did not identify a current direct Israeli defense contract, so no continuation of the 2008–2013 relationship is inferred.^{25, 22, 23, 24}

Palestinian economic-development work

[pre-2020] 2013–2014. UK Parliamentary written evidence from the Portland Trust says that, with McKinsey assistance, it spent 2013 researching a long-term Palestinian private-sector growth and employment plan published as Beyond Aid.²⁶ A 2014 U.S. Secretary of State statement, mirrored by UNISPAL, said McKinsey had analyzed every sector of the Palestinian economy for the Initiative for the Palestinian Economy.²⁷ These are Palestinian economic-development engagements and should not be recast as Israeli state-client work.^{27, 26}

2024 Palestine Emerging/PREP. Consultancy Middle East reported that McKinsey partners Eric Hazan and David Meredith supported the Palestine Emerging initiative but explicitly said they participated in a personal capacity and not in the name of McKinsey.²⁸ Palestine Emerging’s own prologue describes the initiative as a cooperative private-sector, pro-bono coalition focused on long-term economic reconstruction and development of Palestine, including Gaza and the West Bank including East Jerusalem.²⁹ no public evidence identified of a McKinsey corporate mandate, fee, Israeli-state client, or corporate authorization for those partners’ PREP participation.^{28, 29}

Corporate Structure & Foundational Ties

McKinsey’s own history places the firm’s founding in 1926 in the United States, not Israel.⁷ Its 2025 disclosure identifies McKinsey & Company, Inc. as a New York corporation owned by partners/senior partners worldwide, while the Shareholders Council is the board of the parent company.^{8, 9} The Israeli practice dates to 2000, and the local corporate-data record identifies an active Israeli private operating company dating to 2002.^{1, 10}

• Israeli state ownership stake: no public evidence identified.^{8, 9, 10}
• Israeli government board appointee or golden share: no public evidence identified.^{8, 9, 10}
• Designation of McKinsey as Israeli critical national infrastructure: no public evidence identified.^{1, 2}
• Charter/governance restriction structurally tying McKinsey’s mission to the Israeli state: no public evidence identified; current governance is partner-elected at the global parent level.^{8, 9}
• Israel-specific corporate political donations, FIDF matching, or Israeli-reservist salary subsidy policy: no public evidence identified after focused searches.¹⁵

McKinsey’s current global Client Service Policy requires risk review across Country, Institution, Topic, Individual and Operational dimensions and says potential harm to vulnerable populations must be considered; it applies to paid and unpaid work.¹⁵ The policy is relevant to governance and accountability but does not disclose whether any particular Israel-related engagement was approved, rejected or escalated.¹⁵

Profit Repatriation & Economic Contribution

• Israel-specific revenue: no public evidence identified. McKinsey’s reviewed public reporting does not break out Israel revenue.⁸
• Israel-specific profit or tax paid: no public evidence identified.^{8, 10}
• Profit-repatriation direction: no public evidence identified showing the amount or direction of profits between Israeli entities and the global parent.^{8, 10}
• Economic-ecosystem role: McKinsey publicly describes broad cross-sector client work in Israel, operates a Tel Aviv AI R&D center through the Iguazio/QuantumBlack integration, publishes Israel-specific economic research, and has run a founder-support program in the Israeli start-up ecosystem.^{2, 13, 19, 20} No public source reviewed quantified McKinsey’s share of the Israeli consulting market or identified it as critical national infrastructure.²

Constructive-notice and settlement-nexus check

McKinsey’s Tel Aviv office and Israel-market activity are current, and McKinsey’s current Iguazio material continues to identify Tel Aviv as an AI R&D center; those activities therefore continued after 19 July 2024 and after November 2024.^{1, 2, 13} This temporal fact does not convert historical pre-2020 IDF, Tax Authority or metro work into current engagements.^{11, 21, 22, 23, 24}

No specific McKinsey operation, branch, sale, sourcing relationship, real-estate project, listing or service in or to an Israeli settlement was identified in the focused searches.^{4, 3, 5} McKinsey is not named in the reviewed 2025 OHCHR database, A/HRC/59/23 or the reviewed 2024 DBIO company list.^{4, 3, 5} Palestine Emerging’s inclusion of the West Bank and East Jerusalem concerns a future integrated Palestinian-state reconstruction framework and is not evidence of McKinsey settlement commerce; moreover, the McKinsey partners’ participation was reported as personal rather than corporate.^{28, 29}