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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		 
  
   
 
 
 
 
    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.
   		 
 Dale Gifford, who
recently announced his
intention to retire. 		 
 
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.