Chappuis Halder, a global strategy and management consulting firm dedicated to the financial services industry, has been acquired by Capgemini Invent.
The deal sees a team of around 150 consultants and staff in six offices – Paris, Geneva, New York, Montreal Singapore and Hong Kong – transfer to Capgemini Invent, the $1+ billion consulting business of French IT-services giant Capgemini.
“With Chappuis Halder, we are strengthening further our ability to deliver end-to-end transformation to clients in the financial services industry,” said Anirban Bose, CEO of Capgemini’s Financial Services business unit.
Founded in 2012, Chappuis Halder initially focused on the Swiss and French market, before growing into an international player. The consulting firm works for large banks, insurance companies and wealth managers, specialising in transformation, finance, risk and compliance, and more recently also data science, digitisation and sustainability.
Among Chappuis Halder’s clients are all of Switzerland’s private banks, and the majority of Europe’s largest banks and insurers. “They have built a leading reputation in the industry,” said Bose, “and their addition will contribute further to our in-depth expertise of financial services, a key condition to be able to advise and help our clients in the industry with their most pressing challenges.”
For Capgemini Invent, the deal is the first since its acquisition of Purpose in the United States (2020) and Konexus Consulting in Germany (2019). The firm has however seen major growth since the two deals, following an internal regrouping within Capgemini that integrated Cambridge Consultants and Frog into the firm, lifting Capgemini Invent’s headcount to over 10,000 worldwide.
As a group however, Capgemini has closed several acquisitions in the intervening period, including VariQ in the US and Empired in Australia. Today, the 55-year-old Paris-listed group has over 340,000 staff in more than 50 countries.
“Chappuis Halder brings a team of highly talented and experienced consultants to Capgemini Invent,” said Cyril Garcia, the CEO of Capgemini Invent.
Meanwhile, for Chappuis Halder, the joining of forces will see the firm join a powerhouse in consulting and technology. Stéphane Eyraud, the CEO of the consultancy, said that bringing these two skillsets together will help its team make more impact. “We can now help clients design, plan and implement their end-to-end their transformation journey taking advantage of what technology can bring.”
Sourced from Consultancy.eu