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Accenture acquires award-winning global advisory firm

Accenture 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 UK “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 UK financial institutions.”

Scott Vincent, founder and CEO of Parker Fitzgerald said, “Helping clients optimise 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 UK, 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 specialised 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.

UK consulting firms dream of glory at MCA Awards 2019

As the representative body for the UK’s leading management consulting firms, the Management Consultancies Association (MCA) has been its industry’s collective voice for more than six decades. Its members make up more than 60% of the UK consulting industry, and employ roughly 45,000 professionals, while working with more than 90 of the leading FTSE 100 companies and the vast majority of the public sector.

Organised by the industry body, the MCA Awards are now entering their 22nd year, and have long been seen as the benchmark for quality within Britain’s consulting industry. The event commends best practices and high-quality performance in the UK’s £10 billion consulting industry across three areas, with awards for client excellence handed out in the process. As well as demonstrating the value of consulting, the event also shows how clients and consultants working together can achieve the best results in the future.

Since January 2019, a team of expert judges has assessed which nominees across 21 award categories will win the battle for the prestigious industry prizes. In the 2019 nominations, PwC leads with 11 nods, closely followed by Big Four rival EY, which received nine. The ceremony is a long way from being monopolised by the professional services industry’s biggest guns however, with Coeus, Arcadis, Arup, GE Healthcare, NHS England, PA Consulting, Atos, BAE Systems, Curzon Company, iMPOWER, Jabobs, North Highland, Parker Fitzgerald, Elixirr, Sia Partners, Simon Kucher, Vendigital and Atkins all having picked up multiple nominations.

The winners will be announced at this year’s award presentation, which takes place at the Park Plaza Westminster Bridge Hotel. Some 700 guests from consulting firms, their clients, the media and representatives from across all forms of government are expected to take in the proceedings, while the ceremony will be hosted by BBC journalist Clive Myrie. Working for BBC News as London World Affairs Correspondent, Myrie is also Presenter of the BBC Weekend News, while anchoring the famous 10pm slot for BBC News on alternate Sundays.

Looking forward to the event, MCA Chief Executive Tamzen Isacsson said, “After months of preparation, marking and interviews, all eyes are now on the MCA Annual Awards ceremony – which is one of the key events in the UK consulting calendar… The judges have told the MCA the standard has been very high this year and over 40 of the UK’s leading management consultancies will be competing for 21 prizes, including 5 individual awards and 12 project awards. BBC Presenter Clive Myrie will host the awards, which will be promoted in our MCA social media channels, so do please follow us @TheMCA_UK if you are unable to attend on the night.”

Last year 16 different consulting firms managed to scoop a prestigious MCA Award. PwC Advisory and Deloitte Consulting dominated, with the two members of the Big Four grabbing a total of 12 accolades between them. Among the other consulting firms celebrated at the 2018 MCA Awards were Simon-Kucher & Partners, Coeus Consulting, Jacobs, OEE Consulting, PPL, Thales Cyber & Consulting, Arup, Egremont Group, Carnall Farrar, IBM, GE Healthcare Partners, Proudfoot, Turner & Townsend Suiko, and Atos.