Accenture (NYSE: ACN) announced on Tuesday it has acquired global financial institutions advisor and consulting partner, Parker Fitzgerald. According to Accenture, Parker Fitzgerald advises financial services companies on financial and non-financial risk, regulation and financial technology. The company also provides strategic advice, independent assurance, and market-leading solutions to help clients navigate risks, reduce operational complexity and improve their overall risk-adjusted-performance.
While sharing more details about the acquisition, Tara Brady, who leads Accenture’s Financial Services practice in the UK, stated:
“Financial services companies continue to contend with the impact of economic and geopolitical uncertainties, regulatory challenges and digital transformation. Parker Fitzgerald has a successful track record helping clients navigate ever-increasing disruption and uncertainty, and the combination of their risk advisory and assurance expertise with Accenture’s consulting and digital capabilities will be a strong differentiator, enhancing our services to U.K. financial institutions.”
Scott Vincent, Founder and CEO of Parker Fitzgerald, also commented:
“Helping clients optimize their performance in a rapidly evolving risk environment remains our utmost priority. Accenture’s tremendous scale and scope, coupled with their data- and technology-focused expertise in finance and risk, will enable us to expand our geographic reach and provide high-quality services to an even-broader client base.”
Peter Beardshaw, who leads Accenture’s Financial & Risk practice in the UK, added:
“Parker Fitzgerald’s skills, approach to financial risk management and long-standing regulatory relationships are at the heart of the risk management agenda and will enable us to provide clients with an even greater level of risk and assurance services and solutions.”
Terms of the acquisition transaction were not disclosed.