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.

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