10 May, 2022
Bip Group acquires Riskcare to strengthen the Group’s US and UK fintech footprint
Acquisition takes the Group’s global headcount to over 4,000.
10 May 2022 London: International consultancy Bip Group, has completed the acquisition of leading technology and financial modelling consultancy Riskcare to compliment Chaucer in the UK and the US.
Riskcare, founded in 1994, provides innovative trading and risk professional services to capital markets clients - on the buy and sell sides in addition to commodities, insurance, and retail banking. With a focus on business innovation and regulatory change projects, Riskcare draws on its extensive experience across the disciplines of combined financial, software and business process engineering, particularly cloud engineering, model development and management, AI / ML / algorithmic modelling to drive improvements in the capital markets.
The acquisition of Riskcare will further extend BIP’s financial services footprint in the UK and US.
Headquartered in Milan, Bip is one of the fastest-growing European consulting firms providing digital transformation, technology, and strategy solutions to the many of the world’s largest organisations across energy, life sciences, telecoms, financial services, and insurance.
Having experienced a sustained period of growth, combined with other recent M&A deals Bip, including Chaucer and Riskcare, today employs over 4,000 people worldwide generating over €400 million in revenue annually.
Chris Laslett, CEO of Chaucer added: “We are delighted to welcome Riskcare to the Group. Riskcare is known for its high quality and sometimes robust approach in financial services as well as its commitment to its customers and people. Connected through a common vision, strategy, and culture our people, ecosystem and credentials will combine to accelerate our growth in this market extending our reach to bring world-class trading and risk technology services to our clients worldwide.”
Steve White, CEO of Riskcare said: “Joining Bip Group is a fantastic opportunity for us and represents the next step in our journey as we have a bigger platform to make meaningful market impact, we have access to a same time zone nearshore team of deep technology skills as well as experienced change management consulting teams onshore. Our clients want to use us more strategically, and we now have the footprint to meet this need.”
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For further information contact Jill Dawson on email: info@chaucer.com
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