We know you

We were you

Our leadership team began their careers in the top management consulting Firms and subsequently held leadership roles in multi-billion dollar enterprises

With more than two decades years of experience in Healthcare, Retail, Consumer Products, High-tech, Logistics and Government industries, we have led some of the most ambitious and critical initiatives for our clients and within our companies

Leadership Team >
Board Members >

As in-house strategy and operations leaders, we have:

  • built strategies for $10B-$40B businesses

  • led product innovation and design

  • developed approaches to leverage emerging technology and business models

  • helped CFOs, CIOs and COOs maximize the output of their functional areas

  • developed approaches to making trade-off decisions across product lines and markets

  • led sales, distribution and pricing functions

This combination of operations, financial and consulting experience surfaced gaps between the strategic choices leaders face and the traditional consulting approaches that service them.

We launched First Quadrant Advisory with a mission to fill those gaps and help clients unlock the full potential that lay within their organization. We exist to help clients develop effective and enduring strategies that are sound, executable and agreed upon.

Our Team


Vijay Murugappan

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President and CEO

Vijay has over two decades of experience, evenly split between VP roles at multi-billion dollar global companies and Partner roles at big 4 consulting firms

Caitlin Powers

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Director, Social Impact Practice Lead

With a deep passion for public health, Caitlin has a rich background in developing and executing targeted strategies to improve accessibility and affordability of health care.

Will Bacic

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Principal, M&A

Will has over 10 years of healthcare experience with a focus on strategic planning, operational improvement, and mergers & acquisitions.

Bryan Giaimo

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Partner, Strategy Practice Lead

Bryan has helped Fortune 50 companies and clients grow revenue, enter new markets, develop new products, and improve margins

Vinay Nadig

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Partner, Performance Practice Lead

Vinay has over 25 years of experience in operational, process improvement and complex program implementation roles across multiple industries.

Bryan Volkmar

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Principal, Operations

Bryan has over 20 years of health plan experience at a large payer, leading solution design and delivery across people, process & technology.

Chris Jones

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Partner, Innovation Practice Lead

Chris has over 30 years of experience in leadership, operational and strategy consulting roles across multiple industries, including healthcare, energy, consumer goods and transportation

Kimberly Roberts

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Principal, Healthcare

Kimberly's more than a decade of experience spans the healthcare industries of payer and provider and big 4 consulting.

Board of Advisors


John Cannon

Former CEO of Anthem and Chief Counsel of Cigna Healthcare

John is an attorney with over forty years of experience in the health insurance and related sectors. He has served in a variety of legal and business roles as the interim-CEO at Anthem, the chief administrative officer at HCSC, chief counsel of Cigna Healthcare and Cigna International and at the law firm of Rawle and Henderson. 


Aarti Karamchandai

EVP and Chief Client Officer at Cedar Gate Technologies

Aarti is responsible for Cedar Gate’s account management teams whom work alongside clients to identify and execute on financial, network, clinical and quality programs that result in revenue gains. With a 25+ year career, she has held leadership roles at the nation’s 5th largest health insurance company, IBM and Blue Cross Blue Shield Association.


Bala Ragothaman

Partner, LSV Asset Management

Bala Ragothaman is a partner at LSV Asset Management(LSV). LSV specializes in value equity management for institutional investors and manages approximately 120 billion USD in assets globally. Prior to his role at LSV, he has held senior management roles at Citadel LLC,  UBS and Swiss Bank Corporation.


Katelyn McCarthy

Vice President, Payment Services and M&A, Discover Financial

Katelyn is the Vice President of Payment Services Strategy and M&A at Discover Financial. Before joining Discover, Katelyn was an Associate Partner at McKinsey & Company where she focused on strategy and commercial topics in the financial services and high tech sectors. She also spent several years at Google and IBM, where she was responsible for business development and sales across a range of technology and services products.