Sia Partners expands in North America with first Canadian office
Sia Partners, a France-based management consultancy, has announced expansion plans in Canada, with the opening of a new office in Montreal. The Canadian office is the firm’s second in North America, following its New York office, which opened last year.
Since its launch in 1999 in Paris, Sia Partners has grown at a steady clip over the past 15 years. Last year it significantly boosted its scale and global footprint by acquiring the international network of counterpart Investance, which added 60 consultants to four Sia offices: London, New York, Singapore, and Hong Kong. Sia Partners currently has more than 500 consultants across offices in Europe, the Middle East, Asia, and North America. The consultancy 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
As part of the firm’s plans for expansion in North America, Sia Partners has decided to open a new office in Montreal, at 600 de Maisonneuve Boulevard Ouest. The advisory company already had a presence in the country, run through its New York office. Yet, to meet the rising demand for its services – mainly in the financial services sector – the firm has now opted for an on-the-ground location in Quebec. In addition to the office opening, Sia Partners has announced that it will be hiring new talent in the coming months to boost the size of its current North American team, which stands at roughly 50 consultants.
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,” he commented. “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, added, “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 surpass $10 million in revenues in the next 12 months. Sia Partners has also stated that it plans to open a third North American office by the end of 2015, though it did not provide any further details.
