Sionic has hired one of Morgan Stanley’s most senior asset servicing and operations executives to lead a new consultancy team.
James Monahan joins Sionic as a partner and head of the new asset servicing team.
He previously spent over 10 years at Morgan Stanley in New York, most recently as co-head of global institutional asset servicing. He was also global head of the asset servicing ‘change the bank’ programme, where he was responsible for large-scale change initiatives.
Prior to Morgan Stanley, Monahan was the head of the global asset servicing business at Bank of America Merrill Lynch.
As a specialist in global operations management, global asset services, change management and implementation, and risk management, Monahan will bring valuable expertise to the consultancy firm and its range of asset manager and wealth manager clients.
“I’ve been privileged to have a front row seat in the growth of the global asset servicing industry for more than 30 years – often sitting in the hot seat, dealing with some of its toughest challenges. I’ve also known the original Sionic team for many years and I’m delighted to be joining a truly specialist, global firm growing at such pace,” said Monahan.
The appointment comes six months after the formation of Sionic, following the merger of Sionic Advisors with London-based financial services specialists Catalyst Development.