Evelyn Partners has announced that Bahador (Bids) Mahvelati will join the firm in March as chief operations officer.
He will also be serve as a member of the group’s executive committee as the business refocuses exclusively on wealth management.
His appointment is subject to regulatory approval.
Mahvelati 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 recently announced sale of Evelyn Partners’ Professional Services and Fund Solutions businesses.
Evelyn Partners chief executive officer, Paul Geddes, said: “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.”
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