The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Synechron Acquisition of Hatstand Extends Data Management Capability

Synechron has acquired financial services consultancy and capital markets specialist Hatstand with a view to building out its data management, regulation and risk capabilities. The company also gains Hatstand’s expertise in terminal consolidation.

The acquisition of Hatstand follows a string of acquisitions made last year by Synechron, a New York based consulting and technology company dedicated to financial services. In September 2015, the company acquired London based Crossbridge, which focuses on risk and regulatory compliance consulting. In June 2015, it acquired a New York based digital business focussing on the user interface and user experience, and prior to that it acquired Paris based Team Trade, a consultancy focussed on Murex and Calypso solutions.

Zia Bhutta, chief operations officer at Synechron, explains: “We bought Hatstand for its capabilities, which complement ours. We will continue to support Hatstand customers, some of which are also Synechron customers, and they will be able to access more capabilities and support from the merged company.”

On the acquisition’s ability to extend Synechron’s data management business, he says: “We already have a data management practice, but Hatstand will enhance this as data management is a large market with a small availability of skills. Hatstand will also add expertise in data architecture, data quality and data governance to the practice.”

Hatstand’s president and executive chairman, Adam Bennett, adds: “We share the same vision as Synechron in terms of delivering the highest quality service and investing in our people. This move represents a natural next step in our continued growth, and we are looking forward to being able to offer our clients extended capabilities and reach.”

While the financial details of the acquisition were not disclosed, both companies are privately held, the merger adds 12 Hatstand customers to Synechron’s base of 250 worldwide. It also adds 150 Hatstand employees to give Synechron a total of 6,000 employees across 16 offices around the globe.

Related content

WEBINAR

Recorded Webinar: Getting ready for Sustainable Finance Disclosure Regulation (SFDR) and ESG – what action should asset managers be taking now?

Interest in Environmental, Social and Governance (ESG) investment has exploded in recent years, bringing with it regulation and a requirement for buy-side firms to develop ESG strategies and meet disclosure obligations. The sell-side can help here by integrating ESG data with traditional financial information, although the compliance burden remains with asset managers. The EU Sustainable...

BLOG

Martin Currie Investment Management Implements CuriumEDM for ESG Data Processes

Martin Currie Investment Management has completed the first phase of implementing Curium Data Systems’ CuriumEDM, which includes a focus on gathering, mastering and quality control of Environmental, Social and Governance (ESG) data sets. The investment manager has offered sustainable long-term investing for some years, with ESG analysis embedded in its investment process. CuriumEDM provides data...

EVENT

RegTech Summit Virtual

The RegTech Summit Virtual is a global online event that brings together an exceptional guest speaker line up of RegTech practitioners, regulators, start-ups and solution providers to collaborate and discuss innovative and effective approaches for building a better regulatory environment.

GUIDE

Regulatory Data Handbook 2018/2019 – Sixth Edition

In a testament to the enduring popularity of the A-Team Regulatory Data Handbook, we are delighted to publish a sixth edition for 2018-19 of our comprehensive guide to all the regulations and rules that might impact data and data management at your institution. As in previous editions of the Regulatory Data Handbook, we have updated...