CubeMatch acquires financial advisory firm Bishopsgate
Financial services change management consultancy Bishopsgate Financial has been acquired by CubeMatch. The move creates one of the UK’s largest independent financial services change management consultancies.
Bishopsgate Financial is one of the fastest-growing consultancies in the UK, having helped deliver some of the industry’s most challenging transformation projects in recent years. Its team has years of experience operating at senior levels across major financial institutions. Supporting this is a specialist consultant pool, spanning an equally diverse set of skills – something which has attracted the attention of fellow professional services firm CubeMatch.
Founded in 2002, CubeMatch has since become a global change and transformation consultancy, specialising in the financial services environment. Headquartered in Dublin, the firm now also has offices in London, Amsterdam, Frankfurt, Singapore, and Chennai, with its international team of experts drawing on their shared experience of financial services across strategy, technology, digital and innovation.
Combined, the two firms will be largest of its kind, along with a significant proven track record in ensuring banks embed robust financial crime and compliance protocols. As an independent consultancy, specialising in change management for financial services clients, the merged entity will count major global financial institutions as its client base.
Andrew Seymour, Managing Director of CubeMatch UK, commented, “The CubeMatch approach is about blending deep domain expertise with a highly rigorous approach to project deployment to ensure our clients are future fit. Bishopsgate Financial has the same ethos as us... When this experience is combined with our expertise around strategic change, risk and technology, we offer a highly powerful proposition to our clients.”
The deal will see the existing Bishopsgate Financial management team remain in place, and assignments with existing clients will continue uninterrupted. The two management teams will come together to enable the wider capability to be made available to the firms’ joint client base.
Mike Hampson, CEO Bishopsgate Financial added, “Our clients know the challenges they need to prepare for are complex and they need partners with the combination of sophisticated specialist knowledge held across multiple fields. This transaction will provide an enhanced service offering to our clients as well as enabling us to service them in a wider number of geographies, I am excited to be becoming part of the CubeMatch team.”
Bishopsgate Financial has previously noted that the financial services sector of the UK faces four key challenges in the coming years. Digital transformation, Brexit, regulatory change and revenue growth are all at the forefront of executives’ minds moving.
