Deloitte has acquired independent asset-management consultant Casey Quirk, the firms announced Monday.
Casey Quirk’s clients have included a majority of the world’s 50 largest asset managers. It will rebrand as Casey Quirk by Deloitte.
“The combination brings together capabilities to help our clients drive transformational change across their organizations,” said Joe Guastella, US financial services consulting leader at Deloitte.
The acquisition will allow the firms to better address “evolving and complex challenges including globalization, innovation, competition, and, most importantly, shifts in investor requirements,” Guastella continued.
The merger is the latest to take place in the investing consultant space. Towers Watson merged with Willis Group early this year to form Willis Towers Watson, while Russell Investments—which has a large consulting arm—was purchased by TA Associates in October.
On Casey Quirk’s part, Managing Partner Yariv Itah said the acquisition would enable the firm to maintain its “tremendous” growth. Casey Quirk had more than doubled its staff in the last three years, as well opened offices in New York and Hong Kong.
“We also believe this creates a superior career platform for our talented team,” Itah said.
Co-founder Kevin Quirk, who took over as chairman last year, added that the sale would “broaden our global financial services footprint and deliver differentiated execution capabilities for our clients.”
Related:The Changing of the Guard at Casey Quirk