New York-based Deloitte Consulting LLP has acquired Casey Quirk and Associates LLC, a consulting firm based in Darien, Conn., which serves asset managers.
Casey Quirk, founded in 2002, is the world’s largest consulting firm dedicated exclusively to the needs of the asset management industry, according to Deloitte’s announcement released Monday. Casey Quirk works with the senior leadership teams of asset management firms to produce broad business strategy reviews, market opportunity evaluations and organizational strategies.
“This combination brings together capabilities to help our clients drive transformational change across their organizations,” says Joe Guastella, leader for Deloitte’s U.S. financial services consulting practice, in a statement released Monday. “Together, we are positioned to work with our clients in responding to the range of quickly emerging, evolving and complex challenges, including globalization, innovation, competition and, most importantly, shifts in investor requirements.”
The acquisition will allow the firm to help its clients respond to additional industry challenges such as fee pressure, industry consolidation, technology disruption and increased regulation, according to the announcement.
Casey Quirk’s partners and team members will make the transition to Deloitte and operate under a new brand name, “Casey Quirk by Deloitte.” The sale of the specialized consulting firm to Deloitte is a part of Casey Quirk’s ongoing expansion, which has included the opening of offices in Hong Kong and New York, the announcement states.
“Casey Quirk is joining forces with Deloitte to broaden our global financial services footprint and deliver differentiated execution capabilities for our clients,” said Kevin Quirk, chairman of Casey Quirk, in a statement.