Financial services consultancy Deloitte has bolstered its asset management division with the acquisition of a global strategy specialist.
Deloitte has "substantially acquired" the assets of Casey Quirk, a strategy consultant exclusively focused on servicing the asset management industry.
Deloitte Australia wealth management leader Neil Brown said the acquisition will improve the firm's global reach both in Australia and in global asset management markets.
"With Australia being one of the largest asset management markets in the world, the acquisition of Casey Quirk will be extremely valuable to our clients in this market," Mr Brown said.
"Casey Quirk has a good name here, and as our super pool of assets increases over time, having asset management specialist skills that are globally relevant is becoming increasingly important," he said.
According to a statement by Deloitte, Casey Quirk has served a majority of the world's 50 largest asset management firms.
The firm and its existing team will transition to Deloitte and operate under the brand 'Casey Quirk by Deloitte'.
The royal commission final report is likely to further damage IOOF’s chances of acquiring ANZ’s OnePath business and recommend sweepin...
ANZ has agreed to defer the sale of its One Path Pensions & Investments business to IOOF Holdings, with the firms adding amendments in t...
Australia has driven down corporate deal making activity in the Asia-Pacific region over 2018 amid growing concerns over compliance and ambi...