Baringa Partners opens permanent office in New York

11 January 2017 Consultancy.uk

Baringa Partners has opened a permanent office in New York to better serve its local financial services clients. The new office is led by Partner James Nicholls, and will initially have a team of eleven consultants.

Baringa Partners is expanding its footprint into New York city in a bid to better support its US financial services clients meet the challenges of a rapidly changing competitive and regulatory landscape. The industry faces a host of challenges, from the potential of disruptive technologies wielded by FinTechs, incumbents or tech giants disrupting markets, to more stringent regulatory requirements as a result of recent scandals, data protection requirements and the financial crisis more generally.

The new office, which aims to support both domestic and international clients, offers the firm’s full range of capabilities, with particular focus on risk and compliance and process transformation services. To lead the arm Baringa has put forward Partner James Nicholls, a former Strategic Finance Manager at the Europe Arab Bank and Accenture alumnus – his in 2011 launched Risk and Compliance practice at Baringa has grown to a $15 million in business in the UK, US and Germany.

Baringa Partners opens permanent office in New York

The new office will initially have a team of eleven: Nicholls will be joined by five Baringa consultants who have moved over from London and five local experts. Throughout 2017 the firm plans to further expand the firm’s presence in the city.

James Nicholls commented, “We feel we’ve got something different to offer American companies and this increased investment in our New York presence demonstrates our ambition. Our consultants bring deep technical expertise and a practical, client-centric approach – a combination our American clients tell us is missing in this market. There’s a ready pool of talent in the US. We can offer them an award-winning culture that provides our clients with a personal service, and a unique entrepreneurial spirit that seeks out change and innovation. With deep UK and US expertise combined, I am confident our team will be second to none.”  

Gareth Campbell, Head of Financial Services Consulting at Baringa, added, “For some time, our clients have been pushing us to establish a presence in the US, so we are delighted that James is now leading the growth of our firm there. We believe that our depth of expertise in risk and compliance and process transformation is just what the US market is asking for, and we are excited about this next stage of growth as a firm.”

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