Crossbridge rebrands as Synechron Business Consulting

12 October 2016 Consultancy.uk

UK-based financial services consultancy Crossbridge has been rebranded as Synechron Business Consulting. The move is part of Synechron’s global strategy to harmonise the brands within its management consultancy arm.

In September last year Crossbridge, founded in 2008 by Tim Cuddeford and Ted Rees, was acquired by Synechron, with 6,000+ employees and revenues of over $400 million one of the globe’s larger professional services firms with a pure focus on the financial services industry. With the move, Synechron significantly bolstered its consulting offerings and capabilities, and established a strong foothold in Europe’s most important financials hub. “This acquisition is an important milestone for us and it has been our major strategic objective to strengthen our presence in London, since starting out in the US financial services industry in the early 2000s,” said Synechron’s co-founder and CEO Faisal Husain at the time of the announcement. 

As part of the deal, 60+ Crossbridge advisers based in the UK, US and Singapore transferred to Synechron, although the firm continued to operate as a stand-alone unit and under its own brand. Roughly twelve months down the line, the firm’s parent has, in line with its ‘Power of 3’ strategy unveiled earlier this year, fully integrated Crossbridge into Synechron Business Consulting (SBC).

Crossbridge becomes Synechron Business Consulting

Through the joining of forces with SBC’s existing consultancy footprint in London (which stems largely from Double Effect UK – which also recently rebranded as Synechron Business Consulting), the new entity will, according to Husain, be able to provide an end-to-end global business consulting and technology development solution, from strategy through to execution.

“With Crossbridge fully integrated into Synechron Business Consulting, our global clients will benefit from the team’s proven consulting expertise and their clients will gain access to enhanced global reach, scalability and offshoring capabilities to drive forward their business strategies,” comments Husain. 

Reflecting on the milestone, Tony Clark, formerly at Crossbridge and now Managing Director of Synechron Business Consulting UK (a 100+ strong team), says, “Financial services firms are re-defining their business models in light of the digital, regulatory and innovation revolution taking place today. Synechron’s investment into its people and research & development into the latest digital innovations* has allowed us to expand our offerings and capabilities. As Synechron, we are now part of a worldwide workforce of over 6,000 professionals working in 16 locations, delivering an end-to-end client experience that includes business and technology consulting, application development, systems integrations, and much more.” 

Yesterday another group of consultancies, former member firms of M&A International, rebranded as Oaklins, while last week financial advisory players Redwood Capital and LD&A Jupiter, changed their name to Drake Star Partners, following their merger.  

* In May this year Synechron opened a digital innovation centre in London, its 3rd globally – other centres are based in Dubai and Amsterdam.

Profile

More news on

×

SQW Group purchases property-based regeneration consultancy

19 April 2019 Consultancy.uk

UK consulting firm SQW Group has completed its first acquisition since it completed a management buyout in January 2019. BBP Regeneration joins the company having collaborated with SQW for more than 20 years.

Established in 1983, SQW Group now operates all over the world. Comprising SQW, Oxford Innovation, Oxford Innovation Services – one of the UK’s leading innovation centre operators – and Oxford Investment Opportunities Network, the organisation’s origins can be traced to Britain’s two ancient university cities: Oxford, through Oxford Trust founders, Martin and Audrey Wood, and Cambridge, through SQW’s work in producing The Cambridge Phenomenon.

The consultancy specialises in public policy, working with entities from the public, private and voluntary sectors to research, develop, implement and evaluate social and economic development interventions. It now employs over 250 people across regional offices in London, Oxford and Edinburgh, and provides business support to over 4,000 entrepreneurs and small businesses each year. At the start of 2019, SQW secured its independence in a management buyout, advised on by M&A experts from Liberty Corporate Finance and Penningtons Manches.

SQW Group purchases property-based regeneration consultancy

SQW has strengthened its position as a provider of services across the business spectrum with the acquisition of BBP Regeneration. Founded in 1994, the consulting firm specialises in land and property-based regeneration and growth schemes, and is a leading social and economic development consultancy. 

The two firms first worked together over 20 years ago, when SQW and BBP collaborated to develop the first Regional Economic Strategy for the South East. More recently, they developed an economic strategy for Thanet and are now working together in locations stretching from Cwmbran via Oxfordshire to London.

With the addition of BBP, SQW can now provide an integrated advisory service for organisations developing property schemes which deliver economic benefit to their local area. By joining SQW, meanwhile, BBP hopes to further enhance its ability to support clients in delivering property and place-making ambitions. 

Speaking about the deal, SQW CEO David Crichton-Miller commented, “The UK more than ever needs solutions to the challenges of places – of high streets under threat, of meeting housing delivery targets, and of both economically over-successful and economically challenged towns and cities – and the combination of SQW and BBP is uniquely suited to developing those solutions. [This deal] brings together critical and complementary services relating to places to serve our clients with leading edge and practical advice.”

Andy Smith, Director of BBP Regeneration, added, “SQW shares with BBP the same values of seeking to provide outstanding, practical, real world advice that helps get buildings built and places developed.  We greatly look forward to the opportunities that come from joining our two organisations together.”