Delta Capita buys securities finance consultancy The Field Effect

01 February 2019

Ten months after striking a strategic partnership, Delta Capita has acquired The Field Effect, creating one of the larger specialised consultancies service providers in prime brokerage, securities finance and collateral management.

“The combined capabilities of both businesses creates a leading player in the market, at a time when the industry is experiencing unprecedented levels of change,” commented Joe Channer, Delta Capita’s founder and chief executive.

Among the changes sweeping through the securities finance industry are heightened competition and regulatory pressure, including the impact of the Securities Financing Transaction Regulation (SFTR), a regulation that has been designed to increase the transparency of securities financing transactions (SFTs). “SFTR is a very significant piece of regulation impacting almost every aspect of the trade lifecycle, and so around 60% of related processes are impacted by the regulation,” said Channer. He added that the regulatory-driven change will require a transformational approach, blending change in operating models, data engineering, process and governance, as well as in technology solutions.

To successfully address such gaps, organisations will “need a service provider that understands these challenges and has the right expertise at scale and with global reach to help them respond," added Channer. "With The Field Effect on board, Delta Capita is that partner.” The combined business will offer pre- and post-trade strategies, operating model designs and business cases, programme management, data and technology delivery.

The Field Effect

The joining of forces also enables Delta Capita to establish and develop a securities finance managed service platform – a move which is strategically aligned to the firm’s ongoing investment in managed services across the financial services arena. The consulting firm, for instance, runs the structured products business of Credit Suisse EMEA as part of an outsourcing agreement, and more broadly, acts as a managed services provider to groups of institutions (consortia) on areas such as equity trading (e.g. the Plato partnership), clearing and collateral management, and KYC and AML. 

“Our securities finance managed service platform will help financial services institutions simplify, innovate and reduce cost through a mutualised industry standard platform,” said Channer. 

Commenting on the transition from a partnership into a sale, David Field, Managing Director of The Field Effect, said: “To support our clients’ needs we see value in accessing Delta Capita’s consortium and utility experience, global reach and service agreements with major market participants.  As we grow it makes sense to combine these capabilities to produce a seamless service for existing clients and create new opportunities for the combined group.” 

Field founded the consultancy in 2014 following a 20+ year career in financial services. Previously, he was an Executive Director at investment banking firm Rule Financial, and was a Director at TCA Consulting, where he headed the company’s wholesale & investment banking practice. The transition sees him join Delta Capita’s Executive Committee and become the lead of the combined prime services and securities finance practice.

Delta Capita is headquartered in London. The fast-growing consulting firm, which is dedicated to the financial services industry, has further offices in mainland Europe, Asia and Africa, serving clients globally. 

Related: Delta Capita and Fenergo partner for CLM implementation and managed services.


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SQW Group purchases property-based regeneration consultancy

19 April 2019

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.”