Accenture Acquires Parker Fitzgerald, Enhancing Its Risk Advisory and Assurance Capabilities for the Financial Services Industry

Accenture (NYSE: ACN) has acquired Parker Fitzgerald, a strategic advisor and consulting partner to leading global financial institutions, further enhancing the business and technology capabilities within its Finance and Risk practice. Terms of the transaction were not disclosed.
 
Founded in 2008 in response to the global financial crisis, Parker Fitzgerald advises financial services companies on financial and non-financial risk, regulation and financial technology. The firm provides strategic advice, independent assurance and market-leading solutions to help clients navigate risks, reduce operational complexity and improve their overall risk-adjusted performance.
 
Parker Fitzgerald’s advisory and assurance expertise and regulatory experience will complement Accenture’s consulting and technology capabilities and strengthen Accenture’s client response to the evolving risk landscape in financial services.
 
“Financial services companies continue to contend with the impact of economic and geopolitical uncertainties, regulatory challenges and digital transformation,” said Tara Brady, who leads Accenture’s Financial Services practice in the U.K. “Parker Fitzgerald has a successful track record helping clients navigate ever-increasing disruption and uncertainty, and the combination of their risk advisory and assurance expertise with Accenture’s consulting and digital capabilities will be a strong differentiator, enhancing our services to U.K. financial institutions.”
 
Scott Vincent, founder and CEO of Parker Fitzgerald said, “Helping clients optimize their performance in a rapidly evolving risk environment remains our utmost priority. Accenture’s tremendous scale and scope, coupled with their data- and technology-focused expertise in finance and risk, will enable us to expand our geographic reach and provide high-quality services to an even-broader client base.”
 
Peter Beardshaw, who leads Accenture’s Financial & Risk practice in the U.K., said, “Parker Fitzgerald’s skills, approach to financial risk management and long-standing regulatory relationships are at the heart of the risk management agenda and will enable us to provide clients with an even greater level of risk and assurance services and solutions.”
 
About Accenture
Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions — underpinned by the world’s largest delivery network — Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With 482,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.
 
About Parker Fitzgerald
Parker Fitzgerald is an award-winning strategic advisor and consulting partner to the world’s leading financial institutions. Headquartered in London, our global network of senior industry practitioners, technical experts and change specialists is trusted by the leaders of the world’s largest financial institutions, regulatory authorities and government agencies. We are experts in all areas of financial and non-financial risk, regulation and financial technology. We provide strategic advice, independent assurance and market-leading solutions to help our clients navigate their most critical issues, reduce complexity and improve their overall risk-adjusted performance. Our unparalleled knowledge and experience in financial services, world-class thinking and excellence in delivery has seen Parker Fitzgerald recognized as one of the most dynamic and progressive consulting firms in Europe.  
 
For more information go to www.parker-fitzgerald.com.
 
Forward-Looking Statements
Except for the historical information and discussions contained herein, statements in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook” and similar expressions are used to identify these forward-looking statements. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied. 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Statements in this news release speak only as of the date they were made, and Accenture undertakes no duty to update any forward-looking statements made in this news release or to conform such statements to actual results or changes in Accenture’s expectations.