Risk & compliance consultancy PX Partners expands to Melbourne

Sydney-based governance, risk & compliance consultancy PX Partners has expanded to Melbourne, with financial sector risk expert Alka Sivapala brought in to oversee the new office.

Established in 2020 by managing directors Tanushree Dabral and Jon O’Keefe, PX Partners provides outsourced governance, risk & compliance (GRC) solutions along with advisory, technology and training services.

Joining as a director, Sivapala brings two decades of financial services industry experience to her new role heading up the Melbourne office, including time spent with Bupa, MLC, and the Commonwealth Bank among others.

“We are delighted to welcome Alka and see our presence grow in Melbourne,” Dabral stated. “She shares our belief that the best solutions come from practitioners who understand the commercial realities of running a business, and her deep expertise in risk, compliance, and governance combined with her commercial acumen will deliver immense value to our clients in Victoria.”

A Bachelor graduate with a masters in commercial law from the University of Melbourne, Sivapalan spent the early part of her career between ANZ and UBS Wealth Management, before joining Bupa and serving as acting head of risk assurance following a stint at Commonwealth Bank. Since then, she has also held senior roles at Tabcorp and MLC, the latter as head of monitoring & oversight.

“PX Partners has established itself as a leading provider of risk and compliance through its commitment to hands-on, practical solutions and focus on delivering meaningful impact,” Sivapalan stated. “I am thrilled to lead the Melbourne office during this exciting period of growth, and look forward to working with local businesses to help them bolster their governance capabilities.”

PX Partners touts itself as an ethical company – directing 10 percent of its profits to charities and social enterprises – and practitioner-led business, with its co-founders boasting four decades of financial services industry experience, including having worked with the likes of Macquarie and the Australian ‘big four’ banks and various international institutions across Asia and Europe.

“At a time when businesses are facing high levels of regulatory change and increasing cost pressures, there is more demand for our solutions,” O’Keeffe stated. “We are really excited to expand our footprint to Melbourne. This strategic move reinforces our commitment to delivering pragmatic and sustainable solutions through a client-aligned model free from conflicts of interest.”

Upon its launch in 2020, PX Partners stated its intention to pursue an aggressive five-year growth strategy, noting that until recently organisations had been traditionally okay with outsourcing distribution, operations and legal services but less so when when it came to GRC– a stance which has evolved with widespread disruptions in areas such as technology and community expectations.