Deloitte has purchased substantially all the assets of Casey Quirk, a US-based asset management strategy consultant, for an undisclosed sum.
As part of the deal, Casey Quirk will be renamed as Casey Quirk by Deloitte, and its partners and existing team will join Deloitte.
The combined entity will offer a range of consulting services to asset management organisations from strategy formulation through operational execution.
In recent years, Deloitte Consulting has made a series of strategic acquisitions. This includes the acquisition of the human resources advisory firm Bersin & Associates in 2013, which has been rebranded as Bersin by Deloitte. In the same year, Deloitte also purchased corporate strategic consulting firm Monitor Group and rebranded it as Monitor Deloitte.
Deloitte Consulting US financial services consulting leader Joe Guastella said: "This combination brings together capabilities to help our clients drive transformational change across their organizations. 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."
Casey Quirk managing partner Yariv Itah said: "Casey Quirk has more than doubled its staff in the past three years and opened offices in Hong Kong and New York. Joining Deloitte is an optimal choice to help us maintain our tremendous growth. We also believe this creates a superior career platform for our talented team."
Founded in 2002, Casey Quirk mainly focuses on advising asset management firms. The firm has operations in Darien, Connecticut, Hong Kong and New York.