Tracsis hires Ricardo UK Director as CEO

15 January 2019

A Managing Director from the automotive consulting wing of Ricardo UK is set to become the new Chief Executive of Tracsis. Chris Barnes will helm the transport software business from February 2019.

The Tracsis Group is an international provider of software and services for the planning and management of mass transit operations. Founded in 2004, the firm now has around 75 permanent staff, who work to develop and supply a range of software products used extensively within the rail and other public transport sectors. Tracsis has three offices in the UK, with clients and a track record of undertaking projects in Europe, the Middle East and Australasia.

As the firm looks to expand its operations in the coming years, it has announced the appointment of its new Chief Executive. Joining the Leeds headquartered firm in February from consultancy Ricardo, Chris Barnes will assume the position following a transition period, which will see him gradually succeed John McArthur. The incumbent CEO plans to step down from the role in the first half of 2019 to focus on family and other non-business matters. He will continue to work with Tracsis in a part-time advisory capacity, with a remit of advising and assisting on further M&A activity.

Tracsis hires Ricardo UK Director as CEO

John McArthur said, "After careful consideration about my own future aspirations, now is the right time to transition out of the business and allow a new leader to take up the reins for our next phase of growth… As a significant shareholder in a business I helped create, the continued success of Tracsis is of utmost importance to me. My transition comes at a time when the group is very well positioned for the future, has a clear strategy, a great management team, and a strong pipeline of organic and acquisitive opportunities."

With more than 20 years' experience working across the transportation and software sectors and having completed numerous M&A transactions, Barnes has previously held a number of senior roles within Shoreham-by-Sea-headquartered Ricardo. These have included becoming the Managing Director of Ricardo Software, as well as being the New Ventures Director and Global Product Group Director. Having studied at the University of Oxford, Barnes started his career at Ford Motor Company before joining global management consultancy AT Kearney.

Commenting on his new role, Barnes said, "I am excited to be appointed chief executive of a highly-respected and fast-growth business such as Tracsis… I look forward to working with the board and the management team to continue the growth trajectory and deliver on the numerous organic and acquisitive opportunities open to the business in the coming years."

Related: Environmental consultancy Ricardo secures £50 million credit from HSBC.



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.