EY adds PeakEPM to financial services consulting business

Big Four firm EY has acquired PeakEPM, as it looks to strengthen its consulting offering for financial services, industrial and energy firms. Steven Lewis, UK Finance Leader for EY, said the purchase shows the company’s commitment to “helping clients access cutting edge strategy and implementation skills as they manage their operations post-pandemic.”

Lewis added, “The acquisition of PeakEPM represents a significant investment to strengthen EY as a leading organisation in financial planning and cost management consulting services… We look forward to welcoming PeakEPM, to create a truly market-leading financial planning proposition.”

Founded in Edinburgh, in 2014, PeakERM is a consulting firm offering pre-designed solutions for global planning, stress testing and cost allocation processes for the financial services industry. The company delivers solutions on leading EPM platforms, including the Oracle Hyperion and Anaplan platforms, to financial services clients including RBS and Credit Suisse.

The acquisition combines PeakEPM’s technical modelling with EY teams’ financial transformation capabilities and global scale. For EY clients, this will provide the foundations to build a broad and wide-reaching new service offering, while for PeakERM, the move offers access to an international market, as it looks to extend its global footprint.

All of PeakEPM’s 27 full time employees – including three at associate partner and partner level - will join EY Financial Services Consulting teams in London, Edinburgh, Manchester and Newcastle. Meanwhile, Co-founder Harman Hundal becomes a UK Financial Services Consulting Partner at EY.

Hundal said, “I speak for the whole team at PeakEPM when I say we are delighted to be joining EY! This acquisition represents a natural next stage for us, as we join forces with one of the biggest organisations operating in the financial planning and analysis market. Together I am confident we will boost the current market offerings and improve the reporting and cost management solutions available to businesses. This is an exciting next step in our journey.”