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Molten targets growth in financial services with two senior recruits
 
 Molten, the business
management consultancy,
has enhanced its
financial services
practice by recruiting
two senior financial
services specialists.
   Molten has appointed
Ziyad Georgis as
director and Quentin
Thom as principal		 
 consultant. Both will
work on major client
projects and deliver
Molten’s strategy for
expansion in the
Financial Services
markets in London,
Moscow and Bahrain.
   Ziyad Georgis has a
20-year track record in
technology, operations		 
 and change management
within investment
banking. He specialises
in managing business
transformation,
expansion, and cost
reduction by leading the
delivery of global
strategic change
programmes.
   Quentin Thom leads		 
 the risk consulting
component of the
financial services
practice globally. He
specialises in the
design, development and
implementation of
operational risk
management frameworks,
operational risk gap
analysis, reviews and		 
 benchmarking. This is
complemented with
detailed knowledge of
the requirements and
implications of the
Basel II Framework,
MiFID and FSA
regulations.
   		 
 
Hewitt Associates names new chairman and CEO
 
 Russell Fradin, most
recently president and
CEO of The Bisys Group,
a leading provider of
outsourcing solutions
for the financial
services sector, will
succeed current chairman
and CEO Dale Gifford,		 
  
   
 
 
 
 
 
 
 retire.
   Fradin, 51, brings a
strong combination of
outsourcing, operations
and strategic consulting
experience to Hewitt. At
Bisys, he was
instrumental in
successfully realigning		 
 the company's
businesses. Fradin also
spent 18 years at global
management consulting
firm McKinsey and
Company.
   Gifford, who has been
with Hewitt for more
than 30 years and CEO		 
 since 1992, will remain
with the organisation
through the end of its
fiscal year (30
September 2006) to help
ensure a smooth
transition.
   		 
 who recently announced
his intention to		 
 
TCS names head of EMEA consulting practice
 
 Tata Consultancy
Services (TCS) has
announced the extension
of Arun Aggarwal’s role
as head of its business
and IT consulting
practice in the UK to
include an EMEA-wide		 
 remit. This move signals
the firm’s continuing
strategy to grow its
capabilities and
revenues in this area.
   The extension of
Aggarwal’s role comes a
year after his initial		 
 appointment as Head of
Consulting Practice for
the UK and Ireland,
which has resulted in a
rapid expansion of the
firm’s services in this
area. It is also an
integral part of the		 
 company’s strategy to
make TCS a top 10 IT
services and consultancy
organisation by 2010.
   Aggarwal, an
ex-PriceWaterhouseCoopers
senior partner and
LCH.Clearnet managing		 
 director, will have
immediate responsibility
for growing TCS’s
consulting practice
across the EMEA region.
   		 
 
Consultants' Blog
A lesson from consulting's murky past
 
 A lesson from
consulting's murky past
   I was made aware
quite some time ago of a
new publication being
launched this year, by
Chris McKenna of Said
Business School.
Entitled The World's
Newest Profession:
Management Consulting in
the 20th Century, the
book was set to chart
the rise of the		 
 management consultancy
profession and how
alumni of the top
consulting firms have
come to wield such power
in today's corporate
world.
   The publishers have
yet to send through my
review copy, but a
recent piece in the
Observer reviewed some
of the key messages to
emerge from the book.		 
 One observation is that
the consulting
"profession" came to
exist thanks to changes
in legislation in the US
that essentially created
a need for consulting
professionals. It's then
suggested that changes
in legislation ever
since - most recently in
the form of Sarbox -
have stimulated further
waves of demand for our		 
 services and helped to
sustain the growth of
the consulting sector.
   Unfortunately, much
that is published on the
subject of consulting
these days seeks to
portray management
consultants as underhand
and undeserving of their
success. Similar vibes
emerge from this review
of the book, though it
is unclear whether it is		 
 the Observer's take on
McKenna's work or the
actual content of the
book itself that is to
blame.
   Looks like an
interesting read
nonetheless, if only to
gain an understanding of
the roots of the
consulting industry.		 
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