Sapient Acquires Derivatives Consulting Group

Sapient has acquired London-based Derivatives Consulting Group Limited (DCG), a provider of derivatives consulting and outsourcing services to investment banks, hedge funds, asset managers and commercial banking clients.

With this acquisition, Sapient will add a globally integrated service in derivatives processing to the capabilities of its Trading and Risk Management (TRM) practice, which has been a key driver in Sapient’s growth. Sapient’s expanded TRM services will now include operations benchmarking, deep derivatives and process expertise, operations support, technology services and off-shore capabilities.

“Today’s volatile markets and increasingly strict regulatory environments make this an opportune time to add DCG’s capabilities to our TRM practice,” said Sapient president and chief executive officer Alan Herrick. “Regulatory scrutiny has resulted in new demands on clients to maintain compliance and reduce the risk associated with the growing complexity and volumes of these transactions. This move will bolster our opportunities, both in the current uncertain times and in future growth markets.”

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DCG will operate within Sapient’s TRM practice, which provides business consulting, programme management, technology delivery and process outsourcing solutions focused on the specialised needs of risk enterprises.

Cameron Munro, co-chief executive officer, DCG, said, “This acquisition makes perfect sense for our clients and our organisation. Our vision and culture map very closely to Sapient’s—and together we can provide a unique set of solutions for our combined client base. We are thrilled with this opportunity.”