Deloitte has acquired asset management-focused consultancy Casey Quirk, which gears itself more toward the institutional space and, according to a release, "has advised a majority of the 50 largest asset management organizations worldwide, including eight of the top 10."
Casey Quirk has offices in Darien, Conn., Hong Kong and New York. The firm's partners and existing team will transition to Deloitte and will now operate under the "Casey Quirk by Deloitte" brand.
"This combination brings together capabilities to help our clients drive transformational change across their organizations," said Joe Guastella, US financial services consulting leader for Deloitte Consulting, in a statement. "Together, we are positioned to work with our clients in responding to the range of quickly emerging, evolving and complex challenges, including globalization, innovation, competition and, most importantly, shifts in investor requirements."
Deloitte said that this move will also help it to examine fee pressure, industry consolidation, technology disruption, increased regulation and the rise of individual investors in the asset management space.
Terms of the deal were not disclosed.
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