London: Accountancy-led professional services group Grant Thornton UK LLP has boosted its financial services team with the acquisition of the specialist UK financial services advisory arm of consulting firm, Navigant Consulting, Inc.. Terms of the acquisition were not disclosed.
Grant Thornton says the acquisition of Navigant's 45 strong team, incorporating three new partners and nine directors, brings a strong track record in the retail financial services market and a particular focus on the challenger banks.
Commenting on the acquisition, Scott Barnes, CEO, Grant Thornton UK LLP said, "We are delighted to welcome the newest members to our already successful financial services team, led by Peter Allen. Their expertise, coupled with the entrepreneurial and dynamic approach that they bring in the retail financial services market, perfectly complements our current offering.
"Financial services is a core investment area globally for Grant Thornton and this addition demonstrates our commitment to building an offering that is market leading. As a firm, we already have a strong record of successfully integrating new businesses and people, such as our 2011 acquisition of LECG SMART which is delivering strong revenue growth benefits, and look forward to working alongside new colleagues in supporting our clients and delivering growth."