Barnett Waddingham (BW) has announced the acquisition of specialist consultancy Risk Evolves, in a strategic move to accelerate its growth in the UK’s professional services sector.
The deal strengthens Barnett Waddingham’s (BW) position in providing advisory support on cyber security, data privacy, environmental, social and governance (ESG), and regulatory compliance. The acquisition builds on a long-standing partnership between the two firms, which have previously collaborated on several high-profile risk projects.
A seven-member team from Risk Evolves will integrate into BW.
“This strategic move cements BW’s credentials as a leading professional services consultancy that helps clients make better decisions around strategy, operations and people; by leveraging our risk, resilience and data analytics expertise,” said Harshil Shah, partner and head of risk and resilience services at Barnett Waddingham.
“Risk Evolves has been a trusted partner for several years, and this move formalises and strengthens that relationship. Our clients will benefit from continuity of service while gaining access to our combined award-winning expertise.”
Helen Barge, founder and managing director of Risk Evolves, has joined BW as principal and senior risk and resilience consultant. She said the acquisition is a natural fit, based on shared principles.
“Barnett Waddingham has a first-class reputation within the risk industry; the firm is well known for building strong, long-term relationships based on collaboration and trust,” Barge said.
“What particularly attracted us to BW was the alignment of our values; we both prioritise client-centric service, integrity in everything we do, and a genuine commitment to helping organisations build resilience. I am proud to be joining the business with my other Risk Evolves colleagues.”
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