BIP acquires capital markets consultancy Riskcare

Specialist consultancy RiskCare has been bought by BIP for an undisclosed fee. The move sees the firm bolster its financial technology consulting offering.

Italian consulting group BIP has secured ownership of RiskCare – a UK financial services advisory. With a core focus on FinTech innovation, RiskCare’s 60 staff deliver trading and risk technology from offices in London and New York.

RiskCare will compliment Chaucer in the UK and US – the firm which BIP acquired in 2020, and now represents the group in the UK.

Chris Laslett, CEO of Chaucer and of BIP UK, remarked, “We are delighted to have RiskCare join us. Connected through common vision, strategy and culture we are excited to bring to our clients the world-class trading and risk technology services of RiskCare.”

Founded in 1994, RiskCare has a strong track record of professionalising FinTech engineering. This has led it to become a leading innovator and practitioner of software engineering and quantitative financial modelling. RiskCare’s cutting-edge approach is playing a critical role in moving the capital markets industry forwards. It now services a broad range of clients, including investment banks, institutional investment companies, hedge funds, exchanges, commodities trading houses and insurance corporations.

Steve White, CEO of RiskCare said, “Joining the BIP Group is a fantastic opportunity for us. We will be able to share our expertise with the rest of the Group serving more clients and benefit from the Group’s broader capabilities and global presence to further enhance the services we provide to our clients.”