Sia Partners, a French based management consultancy, has announced expansion plans in Canada, with the opening of a new office in Montreal. The Canadian office is the firms’ second in North America, following its New York office which it acquired last year.
Since its launch in 1999 in Paris, Sia Partners has over the past 15 years grown strongly. Last year it significantly boosted its scale and global footprint through the acquisition of the international network of counterpart Investance, which added 60 consultants in four locations: Londen, New York, Singapore and Hong Kong. Sia Partners currently has more than 500 consultants, across several offices in Europe, Middle East, Asia and North America. The consultancy firm positions itself in the space between the pure-play strategy players (e.g. McKinsey, BCG), the large accounting and consulting firms (e.g. Big 4, BDO) and the system integrators (e.g. Capgemini, CGI).
Expansion in North America
In line with the firm’s expansion plans in North America, Sia Partners has decided to open a new office in the Canadian city of Montreal*. The advisory company already had a presence in the country– through its New York office and satellite operations in Toronto – yet to meet the rising demand for its services, mainly in the financial services sector, the firm has now opted for on-the-ground location in Canada. In addition to the office opening, Sia Partners has announced that it will hire new talent to boost its current North American team of roughly 50 consultants in the coming months.
According to Matthieu Courtecuisse, CEO of Sia Partners, the expansion is mainly driven by the larger service portfolio the firm now offers to its approximately 15 clients in the region. “Over the past two years, we have been mainly providing Corporate & Investment Banking and Asset Management services on hot topics such as the Dodd Frank Act including the Volcker Rule, FATCA and AML. Now our offer is becoming more and more complete for financial institutions, covering regulatory framework and response initiatives, business transformations, Compliance and IT control solutions.”
Dan Connor, Head of Sia Partners in North America, adds: “A number of MSAs with large banks have been signed that are promising in the near future”. As a result, Connor expects that the firm will break-through the barrier of $10 million in revenues in the coming 12 months. Sia Partners has in addition stated that it plans to open a 3rd North American office by the end of 2015, although it has not provided further details on the location.
* The address in Montreal is: 600 de Maisonneuve Boulevard West, Suite 2200, Montreal, QC H3A 3J2.