Sionic adds Richard Dodds to wealth management practice

Richard Dodds has joined Sionic’s wealth management practice as a partner. He arrives from State Street, with 25 years of industry and consulting experience.

Part of consulting and technology group Davies since 2021, Sionic is a global consulting firm specialising in financial services. With main offices in New Jersey, Toronto and London, the firm’s more than 450 staff work with clients across North America, Europe and Asia to advise them on banking, asset and investment management, financial markets infrastructure, wealth management, insurance and reinsurance.

As it looks to strengthen its wealth and asset management expertise, Sionic has welcomed Richard Dodds to its partner team. Operating within the firm’s asset and wealth management wing, Dodds will provide his expertise to guide clients on their technology and data transformation and operational challenges.

Ashley Sheen, managing partner, who Dodds will report to at Sionic, remarked, “I am delighted to welcome Richard as a partner in our fast-growing team. Richard is a highly regarded industry leader, and his extensive experience will be an invaluable asset to the team and our clients. We continue to be committed to delivering our brand of expert practitioner led consulting, driving outstanding outcomes for our clients, and Richard’s hire further reinforces our position as market leaders in the operating model and outsourcing domain.”

An FCA certified senior leader, Dodds has over 25 years of operational and change management experience within the industry. He joins Sionic from State Street, where he was senior vice president for the last 5 years, responsible for significant new deal revenues, and where he has been instrumental in shaping the firm’s asset and wealth management outsourced solutions.

Dodds said of his new challenge, “I am excited to be joining Sionic’s experienced team. Having worked on the other side of the table from Sionic on many large deals over the years, I know the team well and respect their industry knowledge, expertise and broad client base. I believe my long experience at State Street and my extensive involvement in numerous asset and wealth manager front to back outsourcing projects will really help Sionic’s clients find solutions to their operations, data and technology challenges.

Earlier in 2023, Sionic was listed as one of the country’s top consulting firms by Consultancy.UK. The firm picked up platinum ratings in the list’s banking, financial services and insurance categories.