BearingPoint, a European management and technology consulting firm, has acquired Levo Consultants, to boost banking, insurance and asset management capabilities.
BearingPoint is an independent management and technology consultancy with European roots and a global reach.
The company operates in three business units: Consulting, Products, and Capital. Consulting covers the advisory business with a clear focus on selected business areas. Products provides IP-driven digital assets and managed services for business-critical processes. Capital delivers M&A and transaction services.
Founded in 2018, Levo Consultants offers clients expertise in the insurance, banking and asset management sectors, with over half of its consultants having held operational and management responsibilities during their careers.
The Paris-based company supports financial services players in transformation, organisation and improvement projects.
According to BearingPoint, Levo Consultants’ areas of excellence are strategy, governance and operational efficiency, finance, risk and compliance, experience and customer relations, data and AI as well as CSR and impact transformation.
Axelle Paquer, regional leader of BearingPoint France, Belgium, Luxembourg, and Africa, said, “The connection between Levo Consultants and BearingPoint is obvious: our know-how and client portfolios complement each other. There is also a cultural and strategic fit. Above all, we desire to move forward together. Our European footprint will certainly benefit from the seniority of Levo’s consultants.
Scott Crunden, co-founder and president of Levo Consultants, added, “The integration of the Levo team with BearingPoint will enhance the approach we have developed by leveraging their reputation and capacities as a large consulting firm. We are writing a new chapter together, and it will allow our customers and employees to measure the benefits.”
Earlier this week, Duck Creek Technologies, an intelligent solutions provider to the property & casualty (P&C) insurance market, announced its plans to acquire Swiss-based payments platform Imburse Payments, in a bid to level up insurance payment solutions.
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