Accenture has purchased Beacon Consulting Group, an advisor to financial and investment firms, in an effort to strengthen its capabilities in asset management.
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The deal will significantly increase Accenture’s ability to help global investment managers, institutional investors and asset servicers gain an edge in increasingly competitive markets.
Following the acquisition, Beacon Consulting will operate as part of Accenture’s capital markets practice, which delivers consulting, strategy, digital, technology and outsourcing services to financial firms.
The transaction will reinforce Accenture’s expertise and capabilities in asset management to help asset managers and other financial services companies design, build and operate their business.
Financial terms of the agreement have not been disclosed.
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By GlobalDataAccenture senior managing director for financial services operating group in North America John DelSanto said: "By adding the consulting professionals from Beacon to our Capital Markets practice, we further deepen our industry knowledge to be better positioned to help our clients transform the way they do business."
