Aliter invests in financial services consultancy Temple Grange

01 September 2020 2 min. read

Temple Grange Partners, a boutique consulting firm dedicated to risk and regulatory topics in the financial services industry, has received an investment from Aliter Capital. 

The London-based consultancy helps clients including banks, insurance companies, FinTechs, asset managers and regulators with overcoming their risk, regulatory and compliance challenges. Since founding in the summer of 2017, Temple Grange Partners has grown into a 10-strong core team in the UK and US, led by co-founders Eoin O’Shea, Alfie White and Donna Hanau Greenapple – all of whom previously held leadership roles in compliance at Credit Suisse.

With the investment from the private equity group, Temple Grange Partners will be able to “grow and expand our consultancy and advisory capabilities,” said chief executive officer O’Shea, with a focus on its financial crime and compliance services.

On top of its traditional consulting offering, Temple Grange Partners has a training offering for banks, aimed at helping internal compliance officers educate their teams on how they can identify and proactively mitigate financial crime risks. The proposition has enjoyed strong demand, in part due to surging demand for financial crime expertise as a result of a heightened (cyber) risks landscape and mounting regulatory pressures.

Aliter invests in financial services consultancy Temple Grange

A recent study from law firm Allen & Overy found that last year, the roughly 2,000 firms subject to the UK Money Laundering Regulations spend over £650 million on around 12,000 full-time staff dedicated to combat fraud, laundering and other financial crimes. Including expenditures for IT and external consultants, the total bill for financial crime and compliance would reportedly more than double.

L&D offering

This backdrop has also led Aliter Capital to invest in a new financial crime training offering. The private equity group focused on small and mid-sized businesses in the UK already had a stake in learning providers Sponge and Bolt Learning, and will now leverage its fresh stake in Temple Grange Partners to inject its in-depth financial services expertise into a joint proposition.

Together, the three firms will “develop a differentiated financial crime-focused eLearning curriculum designed specifically for the financial services market,” said Billy Allan, managing partner of Aliter and one of the group’s four co-founders alongside Greig Brown, Andy Galloway and Andrew Busby. 

“We believe the expertise of Temple Grange Partners paired with Sponge and Bolt Learning’s content creation and technology solutions will create a unique and highly attractive offering in the compliance training market,” he said.

O’Shea added, “Demand for content-rich, high quality online materials created and delivered via world class technology has never been greater and we look forward to collaborating with Sponge and Bolt Learning to deliver learning & development services to our clients.”