DCG in Sapient deal

by Matthew Rock - Friday, 8th August 2008 -

It's a big day for Derivatives Consulting Group, one of this year's Real Business "Hot 100".

It's today announced that Derivatives Consulting Group has been acquired by the Boston, US-based consulting group, Sapient. The deal terms are undisclosed.

DCG does pretty heady stuff providing derivatives consulting and outsourcing services to investment banks, hedge funds, asset managers and commercial banking clients. The business was ranked eighth in this year's Real Business Hot 100, with annual growth rates of 156 per cent over the past four years.

DCG was started by chartered accountant Jonathan Davies, who chucked in his job at PWC to set up his own financial consultancy firm at the tail end of 2003. Four years on, this London-based company boasts 20 banks on its client list, including the likes of JPMorgan and SocGen, employs more than 250 people and has even set up its own derivatives training academy, which runs three-year graduate programmes. Sales hit £9.4m last year and Davies expects to double that this year.

Commenting on the deal, Cameron Munro, co-chief executive officer of DCG, said: "As the premium choice for the world's top global investment banks, we were eager to realize our full growth potential by combining our offering with Sapient's strong business consulting, technology and outsourcing capabilities."

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