The awards, which showcase the “best of breed” providers in the global private banking, wealth management, and trusted advisor communities, were launched to recognise companies, teams and individuals deemed to have “demonstrated innovation and excellence”.
The 2020 winners were selected by a prestigious panel of judges and were deemed to have shown such qualities throughout their work in 2019.
Headed up by Sionic managing partner Gilly Green, Sionic’s specialist Wealth Management and Private Banking practice has an an outstanding track record of delivering strategic advice, business and people improvement projects for a global range of wealth managers, private banks, boutique firms and family offices, software and service providers and platform providers.
Sionic staved off stiff competition from numerous industry heavyweights including big four services firm Ernst & Young to win the award.
Green commented: “These awards recognise international best practice and winning ‘Best Management Consultancy’ is a real testament to the skill and dedication of my fantastic team. We are particularly pleased to win in a category where the emphasis is so strongly on what our clients experience.
“We’re also delighted that our new and unique suite of governance and board effectiveness services has been called out in the judges’ citation. As experts in our field, we believe we have a responsibility to work closely with our clients, peers and industry bodies internationally to contribute to the wider development of our industry as a whole. We really are thrilled this combination of client-focus, innovative offerings and purposeful approach have all been recognised.”
Thrilled to have clinched the award, Sionic CEO Craig Sher added: “Sionic offers a unique blend of technical expertise with people and organisational development skill. We help clients to transition to new cultural and behavioural norms, as well as to embrace and embed more efficient processes. Gilly and her team are outstanding examples of expertise, intelligence and purpose. The whole firm is proud of them and delighted that they have been rightly recognised as award winning leaders in a high-expectation, ultra-competitive sector.”
WealthBriefing publisher and Clearview Financial Media CEO, Stephen Harris, took the opportunity to praise Sionic after it had received the accolade, after it demonstrated its excellence in enhancing the client experience rather than focusing on quantitative performance.
Harris said: “Sionic is not one of the largest in its category, but our judges particularly noted in their citation that it punches above its weight and has carved out a space around corporate governance. It has also developed a new Board Effectiveness Review Framework for wealth managers – an important area with such focus on governance issues today.
“These awards were judged solely on the basis of entrants’ submissions and their response to a number of specific questions, which had to be answered focusing on the client experience, not quantitative performance metrics. That is a unique, and I believe, compelling feature. These awards recognise the very best operators in the private client industry, with ‘independence’, ‘integrity’ and ‘genuine insight’ the watchwords of the judging process – such that the awards truly reflect excellence in wealth management.”