BearingPoint acquires Levo Consultants
As BearingPoint looks to win new financial services clients in 2023, the firm has completed the purchase of Levo Consultants. The Paris-headquartered advisory adds more than 30 staff to BearingPoint’s headcount.
Founded in 2018, Levo Consultants offers clients expertise in the insurance, banking and asset management sectors. According to the firm, over half of its consultants having held operational and management responsibilities during their careers – enabling them to offer specialist support to financial services players looking to transform, organise and improve their operations.
“Levo Consultants has a proven practice in helping clients in financial services modernise and outperform… We see compelling new value propositions for our clients with the addition of Levo Consultants to the BearingPoint family,” said Kiumars Hamidian, Managing Partner BearingPoint.
Levo Consultants’ areas of excellence are strategy, governance and operational efficiency, finance, risk and compliance, experience and customer relations, data and AI as well as CSR and impact transformation. The acquisition marks another step in BearingPoint’s ambition to support the growth of its banking and insurance clients, embodied in its Strategy 2025.
A European management and technology consulting firm, BearingPoint has a global consulting network with more than 13,000 people and supports clients in over 70 countries, engaging with them to achieve measurable and sustainable success. Its clients include many of the world’s leading companies and organisations. Looking ahead, BearingPoint hopes that many of synergies it has with Levo Consultants will help it better service these clients, while winning new ones.
“The connection between Levo Consultants and BearingPoint is obvious: our know-how and client portfolios complement each other. There is also a cultural and strategic fit. Above all, we desire to move forward together. Our European footprint will certainly benefit from the seniority of Levo’s consultants,” commented Axelle Paquer, Regional Leader of BearingPoint France, Belgium, Luxembourg, and Africa.
Meanwhile, Levo Consultants will obtain access to an international client-base, as it seeks to reach new markets as well. Scott Crunden, Co-Founder and President of Levo Consultants, said he was excited for the “new chapter” the two firms were writing together, enabling “customers and employees to measure the benefits.”
Crunden concluded, “The integration of the Levo team with BearingPoint will enhance the approach we have developed by leveraging their reputation and capacities as a large consulting firm.”
