Synechron, a US-based financial services consulting firm, has acquired Hatstand, a UK-based financial services consultancy and capital markets specialist, for an undisclosed amount.
The deal is part of Synechron’s strategy to bolster its consulting capabilities for financial institutions in areas such as cybersecurity, market data and risk and regulatory compliance.
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Hatstand, which has 16 offices and over 6,000 employees, will add data management expertise to New York-based Synechron’s existing consultancy service.
The three key areas of Hatstand’s focus are trading (systems and connectivity), data management and regulation and risk.
Synechron CEO Faisal Husain said: "This acquisition addresses the growing need for expert consulting that offers leadership with innovation."
Hatstand CEO Brad O’Brien said: "Becoming part of a company with Synechron’s global footprint and scale will add greater breadth of resources, richer expertise on projects, and true end-to-end service benefits."
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