Cedar Management Acquires IBS Publishing

Cedar Management Consulting International, a global consulting, advisory and analytics firm recently acquired IBS publishing, a UK based financial technology research, publication and consulting firm. Establishing themselves as a leader in their field, CMCI looks to diversify their holdings and expand to uncharted territories with this recent acquisition.

IBS, established in 1991, has a strong research platform recognized throughout the industry. As the definitive source for analytics relating to global financial technologies, IBS is a staple of their industry.

Research and consulting are a pair that cannot coexist without one another. Lacking the proper information supplied by research, one cannot perform an adequate consultation. By combining the research capacity of IBS with Cedar Management Consulting Internationals established name in consulting, Cedar is looking to increase their cross-selling opportunities with custom services brought on by IBS. By merging the strengths of both companies, Cedar’s already formidable hold on the market will be ever increased.

Cedar, a leader in global consulting, currently operates in over 16 countries, with 500 professionals servicing over 1000 clients. Opening its doors in 1985, Cedar’s goal as a general management consulting firm has been to assist in the integration of business technologies, and the implementation of business strategies to optimize a client’s company output.

After acquiring IBS, CMCI has increased their own effectiveness dramatically, adopting a strategy they’ve imparted to countless companies in the past.

Consulting hundreds of clients every year, Cedar hopes to increase their quality of service and comprehensive coverage with the added talents of IBS. By maintaining their already stellar reputation, Cedar will further cement themselves as leaders in their industry. Bringing quality consultations backed by the researching prowess of IBS to all future clientele.

KPMG acquires Boxwood, an award winning management consultancy

KPMG logo.JPG (1)KPMG is one of the largest professional services companies in the world. The operate alongside the other major auditory firms, Deloitte, Ernst & Young and PwC.

The consulting company, founded back in the 1870s, has global headquarters located in the Netherlands and provides tax and advisory services.

KPMG is now expanding, as it has recently announced the acquisition of Boxwood, a niche consultancy. Boxwood is an award winning management consulting firm, specializing in the delivery of business and operational transformation in the middle market. The firm is located in London and works with ambitious CEOS and their teams throughout the UK to help execute complex transformation programmes and drive profitable growth for their companies.

The acquisition of Boxwood will be a welcomed addition to KPMG as the continue to grow their middle market consulting offerings. Last month, the company announced that the firm has launched a Northern Enterprise Consulting team, to help privately owned clients improve performance and drive growth.

David Muir, head of KPMG’s Management Consulting in the North, expressed his excitement for the deal, stating “This is a significant deal for KPMG as we seek to expand and enhance the range of consultancy services we provide in the North, from the largest corporations across the patch to the middle-market and medium sized companies that dominate our regional economy.”

Chris Wakerley, one of the founders of Boxwood, will head the new arm of the company, operating under the KPMG Boxwood brand.

Wakerley was also thrilled with the acquisitions and plans for the company moving forward, adding “this move is tremendously exciting for Boxwood, our clients and our people. KPMG’s broad capabilities, extensive experience and global reach will further enhance the value that we can deliver for our clients.” He continued, “we are very much looking forward to working with our new colleagues in KPMG and to the next stage of our development.”

KPMG has ambitious plans to grow its advisory business and double the firm’s revenue to £1.5 billion in the next three to four years. The move to acquire the Boxwood will certainly play a major factor in helping the company drive growth and reach these targets.

Top Management Consulting Firms

graham zahoruiko Consulting-ServicesConsultingfact.com, a great resource for anyone in or preparing for a career in management consulting, had a recent article that outlined the top 10 management consulting firms of 2014. The list, originally compiled by vault.com, compiled these rankings based on a survey that was given to consultants around the world. I thought it might be worthwhile to share some of the information about some of the top ranked firms, specifically the “Big Three”. Though I list them below in no particular order, these firms are regularly regarded as some of the top in the world.

McKinsey & Company – Established in 1926, McKinsey operates in 60 countries, and is regarded for its business information, recruitment, and senior management problem solving. Widely known for being one of the most selective firms in terms of recruitment and hiring, only about 1% of yearly applicants are accepted.

Bain & Company – Bain is based out of Boston, and operating out of 32 countries is also regarded as one of the world’s top firms. They provide consulting services to some of the largest companies and nonprofit groups in the world, and claim to abide by and seek the following values – integrity, intelligence, ambition, and passion. These key tenets are good for anyone in or seeking to enter the industry to keep in mind.

The Boston Consulting Group – Founded in 1963, BCG works out of 43 countries, and advises private, public, and nonprofit organizations. Though also very demanding in its recruiting process, BCG is regularly ranked very highly in Fortune Magazine’s 100 Best Companies to work for.

Bank of England Overhaul

graham zahoruiko BANK-OF-ENGLANDThe Bank of England is now one year into its planned 3 year “One Bank” transformation, rolled out with the goal of fusing departments and integrating policy functions following a review by McKinsey & Co. If transformations of modern companies made for the sake of growth and efficiency typically involve thorough analysis, a lot of hard work, and concerted efforts between transformational growth leaders and the entities they consult, imagine the task Bank of England COO Charlotte Hogg finds herself in the midst of, overhauling the procedures and culture of a 300 year old institution. The intricacy of this process is summarized well in this article from Bloomberg: “The role requires Hogg to try to square the circle of how to enhance and streamline a state-owned organization without losing its public-service ethos.” Though the exact metrics by which to measure the success of this unique overhaul are not completely clear, Hogg says the program is “on track.”

Hogg actually previously worked as a McKinsey consultant herself, and brings her private sector experience to this public sector undertaking. “It’s too easy to say in public-sector institutions: ‘Oh, we don’t have the kind of metrics that private-sector institutions do,’” she is quoted in the above article as saying. “What we’ve done is to say: ‘No, that’s not right.’” Several tangible changes have already been made over the past year including the creation of a new management layer, the holding of more joint meetings between the three main policy committees, harmonization of pay, and improvement in efficiency of processes.

The above mentioned public-service ethos of the Bank of England is an essential part of the value system of the employees. According to the article, “A staff survey carried out by McKinsey for the strategic plan showed that while the workforce felt dogged by bureaucracy and a ‘hierarchical’ structure, they were motivated by ‘having a noble purpose.’” While certain changes will be welcomed by all involved, particularly changes related to efficiency, many elements of the BOE culture clearly must be preserved, both for the benefit of the staff and for the public they serve.