Monahan departs Morgan Stanley to head up asset servicing at Sionic
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Monahan departs Morgan Stanley to head up asset servicing at Sionic 08 October 2019London Reporter: Jenna Lomax
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Global consulting firm Sionic has appointed James Monahan as a partner to head up its new asset servicing team.
Monahan’s appointment comes after Sionic’s formation from the merger of Sionic Advisors with Catalyst Development, including asset and wealth management company, Knadel in April.
He specialises in global operations management, global asset services, change management and implementation, risk mitigation and management.
Monahan joins from Morgan Stanley in New York, where he was executive director and co-head of the global institutional asset servicing line teams.
He has also served as Morgan Stanley’s institutional asset servicing regional head for North America, following senior roles at Banc of America Securities and Merrill Lynch.
He has also served on the corporate action section advisory board of Securities Industry and Financial Markets Association, the board of Broadridge’s independent proxy steering committee and DTCC’s asset servicing advisory board.
Commenting on his new role, Monahan said: “I’ve been privileged to have a front row seat in the growth of the global asset servicing industry for more than thirty years—often sitting in the hot seat, dealing with some of its toughest challenges.”
He added: “I’ve known the original Sionic team for many years and I’m delighted to be joining a truly specialist, global firm growing at such a pace. I’m particularly looking forward to working with clients who know that I appreciate their opportunities, responsibilities and risks first hand.”
John Byrne, Sionic managing partner, commented: “Asset servicing is a multi-billion dollar market in which James Monahan is both an expert and a pioneer. He has played a foundational role in some of the biggest developments in the brokerage industry, becoming a leading expert in the field and one of the industry’s most respected line and project managers.”
He added: “We are excited that Monahan has chosen to join Sionic and look forward to working with him in collaboration with the rest of our expert teams to development our asset servicing specialism worldwide.”
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