L.E.K. Consulting expands financial services practice
L.E.K. Consulting, a Boston-headquartered strategy consulting firm, has “significantly expanded” its global financial services practice.
The firm said in a press release on Tuesday that it has also grown its global footprint with expanded operations in major financial centers across North America, EMEA, and Asia-Pacific.
“We're making a significant investment in our Financial Services practice to address this seismic moment of change, disruption, and opportunity for our clients," said Clay Heskett, managing partner of L.E.K Consulting. "As the industry transforms, our evidence-based methodologies and innovative approaches to strategy are well positioned to help clients solve their most complex challenges with confidence."
The consulting firm says it has seen growing demand from banks, insurers, wealth managers, payments firms, and fintechs seeking support in rethinking their business models and responding to convergence with adjacent sectors.
"As the sector evolves and increasingly converges with areas like technology, consumer, healthcare, and industrials, clients turn to us for our high-touch, bespoke approach and the clear, unbiased perspective that comes from deep cross-sector insight," said Philippe De Backer, who leads L.E.K.’s financial services work in the Middle East.
The firm says it draws on its own deep expertise as well select strategic partnerships (with software firms, for example) to create bespoke solutions for clients.
"We're deeply invested in their success—professionally and personally—and bring the right expertise, whether from within our firm or beyond it, to help them lead with clarity and conviction in a rapidly evolving ecosystem," said Aaron Byrne, who leads L.E.K.'s financial services work in the US.
L.E.K. was founded in 1983 and has grown to more than 2,300 professionals across locations in the Americas, EMEA, and Asia-Pacific. The firm’s practices include strategy, M&A, performance improvement, marketing & sales, procurement, digital, data & analytics, and sustainability.
