ACA Group and Foreside Financial, two of the leading governance, risk and compliance (GRC) firms in financial services, have officially completed their merger.
According to ACA, this will make the newly formed company one of the largest providers of tech enabled GRC solutions globally. Through the deal, Foreside’s distribution business be rebranded as ACA Foreside and will become a division under ACA. Shvetank Shah – CEO of ACA – will be the CEO of the combined entity.
ACA said, “The combination of ACA and Foreside will bring together the industry’s most experienced professionals to provide a full suite of GRC advisory, technology, managed services, analytics, distribution, and outsourcing solutions to the financial services industry. At the completion of the merger, the firm will have over 1,250 employees and 18 offices globally and will serve over 6,300 clients.”
ACA remarked that combining its technology, regulatory compliance, ESG, cybersecurity and performance capabilities with Foreside’s distribution and broker-dealer capabilities creates the industry-leading end-to-end GRC platform financial services companies need to achieve growth in a compliant way.
Shah said, “Clients are looking for a comprehensive, one-stop solution for their GRC needs and we are thrilled to step up to the plate together to make GRC a competitive advantage for our clients. Foreside and ACA have earned outstanding reputations and our aligned vision and culture, client-centric focus, and commitment to innovation will help our customers navigate their most complex GRC challenges.”
Terms of the deal were not disclosed.
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