The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Accenture Buys a Consultant to Fundsters Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, December 30, 2015

Accenture Buys a Consultant to Fundsters

Reported by Neil Anderson, Managing Editor

Accenture just bought a shop that consults for fundsters like you. The deal brings an Accenture alumnus back into the fold.

John Del Santo
Senior Managing Director of Financial Services, North America
This month John DelSanto, senior managing director for Accenture's financial services operating group in North America, confirmed that the New York City-based global professional services company has acquired Boston-based Beacon Consulting Group. Beacon will become part of Accenture's capital markets practice.

The pricing and terms of the deal were not disclosed.

Keith Brown, president of Beacon, is a familiar face at Accenture. An alumnus of Fairfield University, Brown spent two years at Accenture (then called Andersen Consulting) in the mid-1990s. He also worked at the Boston Company and PWC before joining beacon in 1999.

Keith Brown
Beacon Consulting Group
DelSanto puts the deal in the context of asset management being "a large and growing industry segment" for Accenture, a segment "characterized by increasing competition and rapidly evolving industry dynamics." Brown, too, frames the deal by talking about the challenges facing mutual fund shops and other asset managers.

"Top-tier asset management firms are facing increased competition, fee pressure from investors, rapidly changing investor preferences and products and ever-increasing regulation." 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2018
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use