Global consulting

Sionic expands its wealth management team

Global consulting firm Sionic has grown its wealth and private banking team with the arrival of Cyrus Mehta, who joins as a Director

Global consulting firm Sionic has grown its wealth and private banking team with the arrival of Cyrus Mehta. The business change expert joins as a Director, bringing three decades of consulting experience to his new role.

Wealth managers, private banks and platforms worldwide are all experiencing significant change. Commercial and regulatory pressure is driving efficiency, capability and improved controls. On top of all that, wealth management is now facing a variety of complications arising from the Covid-19 outbreak. As a result, the services of consulting firms aimed at helping individuals and private banking entities navigate this complex environment is arguably more important than ever.

Sionic is a global consulting firm, focused on change and specialising in a unique blend of business and people performance for financial services. The firm’s wealth management and private banking practice advises clients on proposition development; client service and business improvement; the use of technology; risk controls and corporate governance. The Practice is led by Sionic Managing Partner Gilly Green.

As the firm looks to expand its portfolio of specialist financial services for clients, it has appointed of business change and systems implementation expert Cyrus Mehta. Joining as a Director Mehta is an experienced management consultant, specialising in new business line set-ups, operational transformation initiatives and major systems solution implementations. Over his career, he has managed and delivered high importance business change programmes and technology projects for a wide range of financial services firms including private banks, wealth managers, investment banks, and asset managers.

Gilly Green commented, our clients are dealing with challenges, not simply because of coronavirus, but because of already-evident digital, technology, societal shifts, which the pandemic has accelerated. Cyrus has a proven track record of making a major difference to all his clients. I am excited that he has chosen to join Sionic, strengthening our expertise in transformation and change within our market-leading team.

Mehta commenced his career with Robert Fleming (now JP Morgan) in 1986, before spending two years as a Senior Business Analyst with London Stock Exchange and four years with Coopers & Lybrand (now PwC), as a Senior Associate. Since 1995, Mehta has been an independent management consultant, with his most recent projects including establishing a new discretionary investment management (DFM) business line, and implementing a functionally rich investment software solution. He is an affiliate member of the Chartered Institute for Securities and Investment (CISI) and an Associate Member of the Institute of Directors (IoD).

Speaking on the challenges Sionic’s clients currently face, Mehta said, the coronavirus pandemic is creating conditions for many firms to reflect on the resilience and effectiveness of their operating models. This is no different for wealth and investment firms who have had the day to day challenges of investment performance, client service delivery and operational continuity. When firms reflect on their experience through these difficult times they will inevitably consider how their operations and services should change, not only for short term recovery but also for the longer term.

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