DiscoverThe Leadership Learns PodcastChallenging Convention, Scaling a Consultancy, and the Future of Capital Markets with Chris Watts, CEO & Co-Founder of The Tonic Consultancy
Challenging Convention, Scaling a Consultancy, and the Future of Capital Markets with Chris Watts, CEO & Co-Founder of The Tonic Consultancy

Challenging Convention, Scaling a Consultancy, and the Future of Capital Markets with Chris Watts, CEO & Co-Founder of The Tonic Consultancy

Update: 2025-08-07
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Hear from Chris Watts, CEO and Co-Founder of The Tonic Consultancy, a firm reshaping expectations of what a consultancy can be. Starting his career in collateral consulting at Deutsche Bank and Rule Financial, Chris went on to launch Margin Tonic in 2018, a business that has since evolved into Tonic, expanding far beyond collateral to cover the full front-to-back trade lifecycle, digital assets, sustainability and more. 

In this episode, Chris reflects on the evolution of the capital markets space, what it takes to scale in a fast-changing environment, and what it means to be an “anti-consultancy consultancy”.

Discussions in the episode:

  • The biggest challenges and phases of growth when scaling 
  • Building a culture of reflection while staying future-focused
  • Lessons learned in hiring and building high-performance teams
  • Redefining consulting excellence in a rapidly evolving tech landscape
  • Where AI fits into capital markets consulting, and where the risks lie


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Challenging Convention, Scaling a Consultancy, and the Future of Capital Markets with Chris Watts, CEO & Co-Founder of The Tonic Consultancy

Challenging Convention, Scaling a Consultancy, and the Future of Capital Markets with Chris Watts, CEO & Co-Founder of The Tonic Consultancy

Peter Rabey