Evelyn Partners is pleased to announce that Bahador (“Bids”) Mahvelati is to join the firm in March as Chief Operations Officer and a member of the Group Executive Committee as the business refocuses exclusively on wealth management*. The appointment is subject to regulatory approval.
Evelyn Partners is pleased to announce that Bahador (“Bids”) Mahvelati is to join the firm in March as Chief Operations Officer and a member of the Group Executive Committee as the business refocuses exclusively on wealth management*. The appointment is subject to regulatory approval.
Bids will join Evelyn Partners from PwC UK, where he is a strategy and operations Partner and leads the financial services value creation practice. His experience prior to PwC includes hands-on operational roles at UBS Investment Bank and Natwest Group, as well as working for strategic consultancy firms.
At Evelyn Partners he will lead cross-functional change programmes, client journey changes, tech, data, security, operations, M&A, strategy, and central services.
The appointment is a part of a planned transition following the decision by Mayank Prakash, Group Chief Operations Officer, that the recently announced sale of Evelyn Partners’ Professional Services and Fund Solutions businesses was an appropriate time to step down. Bids has worked closely with Mayank over the last year in an advisory capacity to help shape Evelyn Partners strategy.
Paul Geddes, Chief Executive Officer of Evelyn Partners, commented:
“We are delighted that Bids is joining the leadership team at this pivotal stage in the development of the business as we refocus on the considerable growth opportunities that we see in the wealth management sector. Bids knows Evelyn Partners really well and with his depth of experience in senior advisory roles and operations, and ability to bring both strategic insight and develop practical solutions, he is ideally positioned to help us deliver our transformation plans and achieve the next stage of our growth.
“I would like to thank Mayank for the immense contribution he has made to the business since joining us in 2020. This has included leading the operational integration of Tilney and Smith & Williamson, the creation of a modern and scalable financial services platform, the digitalisation of the business, enhancements to client experience, driving the growth of the Fund Solutions business and a great many other projects.”
*On 25 November 2024 Evelyn Partners announced the sale of its Professional Services business to funds advised by Apax Partners, which is expected to complete at the end of Q1 2025. On 27 January 2025, Evelyn Partners also announced that it had agreed to sell its Fund Solutions business to Thesis, which is expected to complete in the first half of 2025.
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