Grant Thornton UK has agreed on a partnership with financial services consulting firm Foley O’Neill to offer clients securities finance and collateral management consulting services, for which there is an increasing demand, the two firms state.
Foley O’Neill is a an independent consulting firm, founded by Bill Foley and Sean O’Neill, that offers financial services organisations a wide range of financial solutions, including securities finance*, collateral management, foreign exchange and cash/treasury management.
In line with its ambition to offer its clients securities finance and collateral management consultancy, Grant Thornton UK has decided to partner up with Foley O’Neill. Under the partnership, the two consulting firms will support financial services companies with a wide variety of technical and strategic consultancy. “We recognise that securities finance and collateral management has become an increasingly challenging and technically complex area for our clients,” explains Alex Woodhouse, Partner and Head of Financial Services Business Consulting at Grant Thornton UK. “Accessing the subject matter expertise and experience offered by Foley O’Neill, paired with Grant Thornton's strategic insight and ever-growing footing in the financial services sector, allows us to build a compelling offering in this space and devise best-in-class solutions for our clients.”
Commenting on the partnership, Bill Foley says: “We are delighted to announce this strategic tie up with Grant Thornton. Securities finance and collateral management continue to be hot topics in the sector, with the current rate of change unprecedented in the industry. The need for independent and informed solutions in this area has never been greater and was the reason that Sean O’Neill and I formed Foley O’Neill. To have Grant Thornton work with us and bring the strength of its reputation for excellence, experience and resources to this area is significant both for us and the industry. We look forward to working with Grant Thornton and delivering an excellent product offering to our clients.”
Sean O’Neill adds: “We are extremely pleased to be working with Grant Thornton. The firm's expertise and resources allow us to jointly accelerate the product offering and ensure that it's in line with client needs.”
* Securities, in a financial context, are certificates or other financial instruments that have monetary value and can be traded.