Gwenaël Gavray joins Sia Partners in Luxembourg as a partner

Sia Partners has strengthened its team in Luxembourg with the addition of Gwenaël Gavray who has been appointed a partner. Gavray joins from Deloitte, having worked previously for consulting industry player Accenture and BNP Paribas.

Globally, Sia Partners has around 1,100 consultants in twenty countries. Established almost 20 years ago by three young consultants who teamed up in Paris, today Sia Partners generates more than 60% of its €170 million revenue base outside of its home soil of France. 

The firm’s Luxembourg office launched in 2016, and has since grown its presence with a focus on the financial services sector. “Having laid the foundations of the Luxembourg structure, we are now entering a phase of strong growth,” explained Gwenaël Gavray, who has been brought on board to shape and execute Sia Partners’ growth trajectory in the country.

Gavray most recently worked for Deloitte as a Director in the firm’s Banking industry group. During his six year tenure at the Big Four firm, he supported and led several large transformation projects in the banking and funding industries, providing services such as target operating model redesign, digital, robotics, process optimisation and outsourcing. “The opportunity to join Sia Partners came a few months ago, and gives me the opportunity to be part of an ambitiously growing firm. The idea seduced me and so I took the step.” 

Prior to Deloitte, Gavray served BNP Paribas Securities Services for a year in the Transfer Agent department, and worked for Accenture in Luxembourg, where he started his career in consulting. “At Accenture, I worked on projects covering private banking, investment banking and the fund industry,” he reflected. 

Commenting on his new role, he said; “The expertise of Sia Partners is widely recognised in France [in a leading recent survey among French managers, Sia Partners ranked as one of the country’s top ten management consulting firms], the challenge is to duplicate the same success in other geographical areas. We are convinced of the great potential of the Luxembourg market.”

Services the Luxembourg office offers to clients include digital transformation, from strategy through to execution, regulatory (e.g. MIFID 2, GDPR, Basel III, EMIR), operational excellence, and technology-led innovation. “In Luxembourg, we focus on the financial sector but, being very close to Belgium and France, we can also serve other industries by relying on the experts in our French and Belgian offices.”

Meanwhile, one of Sia Partners’ other offices in Northern Europe, its Dutch practice, was in June this year lauded by the French Chamber of Commerce for its fast growth in the Netherlands. Launched in Amsterdam in 2009, Sia Partners’ Dutch team has seen double digit growth expand its team to a size of over 35 consultants.