Sionic hires new director to wealth and private banking team

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Consulting firm Sionic has expanded its portfolio of specialist financial services with the appointment of business change and systems implementation expert Cyrus Mehta. 

Mehta joins as a director in the firm’s wealth management and private banking practice. The practice is led by Sionic managing partner Gilly Green.

Mehta is an experienced management consultant who 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. He specialises in new business line set-ups, operational transformation initiatives and major systems solution implementations.

His recent projects have included establishing a new discretionary investment management business line, implementing an online client portal service, selecting and onboarding strategic investment platform providers, establishing a middle office function for centralised administration, and implementing a functionally rich investment software solution.

Mehta is an affiliate member of the Chartered Institute for Securities and Investment, and an associate member of the Institute of Directors.

Mehta comments: “The Covid-19 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. This is very likely to generate an increased demand for business change and a corresponding need for the expertise to ensure its success. I am delighted to be joining Sionic at this particular time, to become a member of an impressive team that provides an excellent service to clients.”

Green adds: “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.”