LONDON, UK – 13th of November 2023 – Davies, the leading specialist professional services and technology business, serving financial services including Banking, Asset & Wealth Management, Insurance and other highly regulated markets has today launched a new, multi-sector global consulting division, part of Davies Global Solutions. This move includes the rebranding of specialist financial services consulting firm, Sionic, which Davies acquired in 2021 and sees Davies Global Solutions become a 1,000+ strong global team, incorporating Consulting, Technology and Insurance Services.
The consulting division of Davies will now consist of eight, expert-led specialist practices: Asset & Wealth Management, Banking & Markets, Customer Experience, Assurance, Financial Crime & Compliance, Insurance, and People & Organisational Performance and Managed Services, all serving clients across the US, Europe, Africa, Asia and the Arabic world.
Peter Stone, Managing Partner & Chief Strategy Officer, Consulting at Davies, said: “Rebranding Sionic is just the start. The new consulting division of Davies brings together leading specialist expertise from across the Group, across the financial sector and beyond, at scale. It gives our clients immediate access to a radically expanded range of expertise, and the pace will only continue to increase as we grow out the division with new acquisitions, capabilities, sectors, and locations to continue as a driving force in global consulting. It’s a very exciting time!”
Mark Grocott, CEO, Davies Global Solutions said: “The acquisition of Sionic in 2021 has catapulted our capabilities within the market and new and existing clients have had the benefit of tapping into highly experienced consultants and technology experts. Under Davies, our clients will now have access to an international service offering, operating across 10 countries, while also allowing the wider business to remain agile as we position ourselves for the next phase of global growth.”
In February 2023, following a sustained period of organic and M&A growth, Davies announced a new simplified organisational structure, that aligned its global operations across three business units: Davies Global Solutions, Davies UK & Ireland, and Davies North America. These three core units has enabled Davies to consolidate its services business-wide, driving additional value for its 1,500+ clients across the insurance, financial services and other highly regulated markets.
Globally, Davies’ 8,000+ colleagues operate across ten countries, including the UK and the U.S. The business delivers professional services and technology solutions across the risk and insurance value chain, including excellence in claims, underwriting, distribution, regulation & risk, customer experience, human capital, digital transformation & change management. Over the past ten years Davies has grown its annual revenues more than 20-fold, investing heavily in research & development (R&D), innovation & automation, colleague development, and client service. Today the group serves more than 1,500 insurance, financial services, public sector, and other highly regulated clients.