PracticeConsultingNavigant’s FS arm acquired by Grant Thornton

Navigant's FS arm acquired by Grant Thornton

Financial services advisory unit joins Grant Thornton

Navigant’s FS arm acquired by Grant Thornton

THE FINANCIAL SERVICES advisory arm of Navigant has been snapped up by Grant Thornton.

The 45-strong team includes three partner and nine directors and has a focus on ‘challenger banks’ – new entrants to the retail banking space. A price for the deal was undisclosed.

Scott Barnes (pictured), CEO, Grant Thornton, said: “We are delighted to welcome the newest members to our already successful financial services team, led by Peter Allen. Their expertise, coupled with the entrepreneurial and dynamic approach that they bring in the retail financial services market, perfectly complements our current offering.

“Financial services is a core investment area globally for Grant Thornton and this addition demonstrates our commitment to building an offering that is market-leading.
In 2011 Grant Thornton acquired the advisory business LECG SMART following its break-up.

Lee Spirer, Navigant executive vice president and global business leader, said the sale gave his business “an opportunity to take a fresh look at our approach to servicing our global financial services clients”.

Grant Thornton currently sits in 5th place in the Accountancy Age Top50 Survey 2012, with £387m in fee income.

Related Articles

Scott Barnes: Grant Thornton to answer £500m question

Accounting Firms Scott Barnes: Grant Thornton to answer £500m question

4y Kevin Reed, Writer
Grant Thornton acquires consultancy LECG

Consulting Grant Thornton acquires consultancy LECG

7y Kevin Reed, Writer
GT break away group forms advisory business

Audit GT break away group forms advisory business

7y Accountancy Age, Reporters
Madoff auditor to get grilled by investigators

Accounting Firms Madoff auditor to get grilled by investigators

9y David Jetuah, Reporter
BDO Stoy Hayward to cut 250 jobs

Consulting BDO Stoy Hayward to cut 250 jobs

9y Nick Huber, Writer
GT advises on first PLC buyout by a not-for-profit

Company News GT advises on first PLC buyout by a not-for-profit

8y Kevin Reed, Writer
FTSE firms lack audit experience

Consulting FTSE firms lack audit experience

9y Accountancy Age, Reporters
Grant Thornton profit dips as downturn bites

Audit Grant Thornton profit dips as downturn bites

9y Nick Huber, Writer