Sydney, June 2018 - Solidiance, an Asia-focused management & corporate strategy consulting firm, is pleased to announce the expansion into Sydney, Australia. With full presence in all key Asian markets “from Dubai to Shanghai”, Solidiance’s entry to Australia will enable the firm to better support local firms in their Asia expansion and help Multinational clients sustain their growth in this stable and developed market.
“Australia has a strong consulting market to begin with but the most attractive angle for Solidiance is our unique capacity to support Australian companies to enter and grow in Asia. There is a clear trend for Australian companies to now heavily invest into Asia”, notes Damien Duhamel, CEO at Solidiance. “We have ambitious plans in Australia to cater to the local market, the inbound FDI segment, and obviously to Australian companies expanding in Asia. We believe our M&A and Digital practices will drive our Australia business".
Currently, Australia is positioned as the second most popular headquarter destination in Asia-Pacific after Singapore as companies place their bets on the country’s stable domestic market growth, clear legal environment and a strong skilled workforce. In 2016, the consulting market grew by more than 5% to a value of USD 4.6 billion, with the healthcare sector being the fastest growing consulting market segment in the country.
In line with global trends, Australia’s growth is thought to have been driven by a strong economy, renewed business focus on growth, and a healthy appetite for digital transformation. Additionally, the recent regional infrastructure cooperation between Australia and the Association of Southeast Asian Nations (ASEAN) is expected to further boost private and public investments in high-quality infrastructure projects. Solidiance’s full presence across key markets in this region would therefore better support Australian firms looking to expand their operations overseas, and modernize their operations in order to remain competitive in the local context.
Heading up the operations in Australia is Raul Heraud. Previously based in Shanghai, China, Raul brings with him more than 15 years of experience advising Fortune 500 companies and Asian conglomerates in emerging and frontier markets. He has extensive experience in M&A, financial modelling, valuation, strategic planning, investment advisory, commercial due diligence, business transformation, and geographic expansion in various industries key to the Australian economy: healthcare, agribusiness, smart cities and mobility. Raul holds an MBA from Wharton.
The new office in Sydney, Australia, represents the latest addition of 15 offices worldwide, including one in Berlin, Germany (opened in 2016) and another in California, the United States (opened in 2017). Such expansion is a strategic move to accommodate the company’s growth plans beyond its core Asian market. In 2016, Solidiance also achieved another milestone through their acquisition of Technomic Asia, a Shanghai-based strategy advisory firm, to strengthen the company’s foothold in China.
Solidiance in Australia:
Level 57, MLC Center, 19-29,
Martin Place, Sydney, Australia
Marketing contact information:
Head of Marketing, APAC