Top Banking and Investment CIO Joins Fortium Partners


Dallas, TX February 12, 2016 – FORTIUM PARTNERS, the world’s fastest-growing provider of IT turnaround and leadership services, announced today that top banking and investment leader Larry Sikon has joined the New York practice of Fortium Partners. Sikon brings more than 30 years of executive-level management experience in financial services and information technology, with a proven track record of leading large application development groups and successful project delivery.

Most recently, Sikon was senior vice president of home office and corporate systems development for LPL Financial, the nation’s largest independent broker-dealer, where he managed a group of 100 developers and numerous international contractors in the development of in-house and corporate applications that supported over 12,500 financial advisors. He delivered over 80% of all projects on time and as budgeted, and maintained one of the firm’s lowest turnover rates. Before LPL he was senior vice president for Union Bank, where he served on the executive management team responsible for the global markets and wealth management business for a four year, $200 million project aimed at replacing the core banking systems with an integrated banking platform. Prior to Union Bank, Sikon was the CIO of Thomas Weisel Partners, an investment banking and wealth management firm where he supported its transition from a four-office private U.S. firm to a 15-city public company located in five countries.

“For years, the banking industry has been forced to operate on lean budgets thanks to low interest rates and increased regulatory and overhead. Larry embraces that risky environment as a hands-on technology executive who knows how to motivate large teams to accomplish assertive business goals, even when they have a history of low performance,” said Tim McCracken, Fortium Chairman and CEO. “By developing people to their full potential, he creates IT organizations that can creatively resolve tough business problems that are an everyday occurrence in the banking industry.”
“The banks that are most subject to year after year of cost cutting measures have paid the price as they face aging infrastructures and inefficient data centers,” said Sikon. “While some banks have thrived in the past few years, many commercial banks are starting to take a hard look at their systems to evaluate cloud-based applications and outsourced options. I’m glad that my partners here at Fortium are seeing similar activity in other industries because we can collaborate on how to help our clients transition smoothly to better solutions.”  

Earlier in his career, Sikon was the CIO and COO of Senterprise, CTO of Montgomery Securities and VP of branch office systems development for Merrill Lynch and Co., Inc. He was also acting CIO for DHL Worldwide Express and VP and director of MIS for Chase’s Institutional Banking Group.

Sikon holds an MBA in Finance from Fordham University and a BS in Mathematics from Carnegie Mellon University.

 

About Fortium Partners

FORTIUM PARTNERS is an IT turnaround and technology services firm focused on providing world-class IT leadership to clients focused on finding solutions to complex IT infrastructure issues or difficult-to–solve operational challenges. FORTIUM serves public and private companies across a variety of industries, placing expert project teams and operational leadership resources in technology-related roles. FORTIUM resources have 25 or more years of technology experience, most recently in a senior leadership role.

Headquartered in Dallas, TX, FORTIUM PARTNERS also operates offices in Atlanta; Los Angeles; Orange County; San Francisco; Phoenix; Las Vegas; New York; Washington, D.C.; Philadelphia; Chicago; Detroit; and London, U.K.

For more information, contact:

Burke Autrey / 972-827-8137 / burke.autrey@fortiumpartners.com / www.fortiumpartners.com

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