Alvarez & Marsal hires two wealth management experts

18 May 2016

Alvarez & Marsal has hired two seasoned wealth management experts in the US, both have a long history with UBS. The new hires, Craig Walling who joins as Managing Director and Kevin Ferguson as Senior Director, bolster the wealth management transformation capacity of the firm's Financial Industry Advisory Services group.

Craig Walling has held a number of senior positions across North America, the US and Asia. Walling joins Alvarez & Marsal (A&M) from UBS, where, in his latest role for the bank, he was the Chairman & CEO of its UBS Trust Company N.A subsidiary. Throughout his work at UBS, which started in 2009, Walling has transformed the various banks’ businesses units in which he was set to work, back to profitability and in full compliance with new regulatory conditions, through remediation, restructuring and repurposing. Previously, Walling worked for Citibank from 1976 until 2000, in his last role as Managing Director of its Citibank Global Consumer business, before a brief stint as the President of, a joint venture involving Citibank.

Walling holds a Bachelor of Science in Economics from the University of Cincinnati and holds FINRA Series 24, 7, licenses.

Craig Walling, Kevin Ferguson - Alvarez & MarsalPrior to starting at A&M, Kevin Ferguson served as a Management Consultant at The Enosys Group since 2014. Previously he worked for UBS since 1998. Ferguson held roles of increasing superiority at the bank, leaving the bank from the role of Managing Director of Operations and Head of Strategic Projects. Ferguson was responsible for planning, development and execution of strategy for its UBS Wealth Management business. Previous employers include the Swiss Bank Corporation, where he worked between 1990 and 1998, leaving as its Director of Operations, and First Boston Corporation where he worked in International Operations.

Ferguson holds a Bachelor of Science Degree in Finance from St. John's University and holds FINRA Series 24, 7, licenses.

The hires will provide A&M Financial Industry Advisory Services group’s clients with expertise in wealth management organisational transformation, as the winds of change sweeps across the wealth management banking segment. Traditional business models are under threat from disruptive technologies and business models, ranging from robotic wealth managers to digital FinTech and cross-channel competitors. The new hires, leveraging their decades of combined experience, provide independent support for clients transforming their wealth management business models to reflect changing, and challenging, market conditions. Walling joins as a Managing Director and Ferguson joins as a Senior Director, both situated in New York.

“New Department of Labour regulations, technological advancements and evolving pricing practices are all having a major impact on banks, brokers and trust companies,” says Douglas Lambert, a Managing Director and Co-CEO of the firm’s US Financial Industry Advisory Services practice. “As these institutions work to absorb and understand these issues, Craig’s and Kevin’s deep combined knowledge of the newly published regulations and their strong backgrounds in pricing further enhances our ability to meet clients’ changing needs.”

According to a recent study by BCG, global private financial wealth is set to reach $222.1 trillion in 2019, up from $164.3 trillion in 2014. Among one of the fastest growing regions is the GCC, with another study, by Strategy&, showing that wealth has in recent years surged to $2.2 trillion.

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Rapid growth sees Quantum Advisory promote trio of partners

18 April 2019

Three senior level consultants have been boosted to the rank of Partner at Quantum Advisory, as the firm works to meet heightened levels of client demand. Aled Edwards, Amanda Burdge and Chris Heirene become Partners as long-time Quantum member Rob Davies retires in May after 15 years as a Partner at the firm.

Founded in 2000, Quantum Advisory provides pension and employee benefits services to employers, scheme trustees and members, with five offices across the UK. The firm has enjoyed exponential growth in recent years, following a number of major client wins and booming demand for its services. It opened a new office in Bristol in 2016 to service the South West and in 2017 relocated its Cardiff office to a larger site within the Welsh capital to house the increased workforce. More recently, Quantum relocated its Amersham, Birmingham and London offices to more spacious premises in the centre of both cities to cope with demand.

The financial services consultancy, which employs 115 people across the UK, has promoted three senior team members to Partner, as part of its wider growth plans. The firm has moved Aled Edwards from Principal Consultant & Actuary, while Amanda Burdge has ascended from Principal Investment Consultant. Chris Heirene, former IT Manager, has also joined the ten current Partners at Quantum.

Aled Edwards most recently managed the actuarial team within Quantum’s Cardiff office as well as providing technical training for all staff. He boasts more than 17 years of pensions experience. He started his career as an Actuary at Jardine Lloyd Thompson’s Bristol wing, before joining Quantum in 2011. Edwards is also the President of the Welsh Actuarial Society (WAS), which supports actuaries and actuarial students living or working in Wales.

Rapid growth sees Quantum Advisory promote trio of Partners

Amanda Burdge joined Quantum’s team in 2001, as one of the fledgling firm’s first employees. Most recently she was a Principal Investment Consultant with the firm, and with more than a quarter of a century’s experience in the sector, she is responsible for providing investment advice to many of Quantum’s key clients with both defined benefit and defined contribution schemes. Prior to her time with Quantum, Burdge spent two years as a consultant with SBJ Benefit Consultants (now Capita), and three years with Tesco Pension Trustees. She currently sits on the Regulation Committee for the Pensions Management Institute.

Chris Heirene initially worked with Quantum as an IT Consultant with Teamwork Technology Services and then UES for over five years, before finally joining the firm itself in 2011. He is now responsible for Quantum’s IT systems across all of its offices, including the network and core server infrastructure which supports the business. Heirene is heavily involved in utilising IT to improve and build upon the processes in place throughout Quantum.

David Deidun, Partner at Quantum Advisory, said of the promotions, “This is a very exciting time for Quantum. The recent round of promotions fully recognise the hard work and dedication shown by the three, all of whom go above and beyond for the company. I’ve no doubt that Aled, Amanda and Chris will settle into their new roles with ease and look forward to working together to grow Quantum even further.”

The news comes as Rob Davies retires in May, after spending fifteen years as a Partner at Quantum. A qualified actuary, Davies was instrumental in setting up Quantum’s Investment Division, specialising in aiding clients with their investment strategies. He will remain with the company on a part-time consultancy basis, while working with several clients in the Fiduciary Manager area.