Sapient acquires London-based Derivatives Consulting Group

Global services firm Sapient has acquired London-based Derivatives Consulting Group Ltd (DCG), a leading provider of derivatives consulting and outsourcing services to investment banks, hedge funds, asset managers and commercial banking clients.

With this acquisition, Sapient will add a globally integrated service in derivatives processing to the market-leading capabilities of its Trading and Risk Management (TRM) practice, the company said in a release.The addition of DCG will increase Sapient’s ability to address derivatives operations issues and further strengthen its unique position in the marketplace.

Sapient’s expanded TRM services will now include unique operations benchmarking, deep derivatives and process expertise, operations support, technology services and proven off-shore capabilities.  These will help clients both manage the growth and complexity of derivatives transactions and eliminate the inefficiencies they currently experience in derivative operations.

“Today's volatile markets and increasingly strict regulatory environments make this an opportune time to add DCG’s capabilities to our TRM practice,” said Sapient President and Chief Executive Officer Alan Herrick.

DCG will operate within Sapient’s TRM practice, which provides high-end business consulting, program management, technology delivery and process outsourcing solutions focused on the specialised needs of risk enterprises.  Key clients of the practice include the leading firms in the investment banking, asset management, hedge fund, insurance, oil & gas, utilities and agricultural sectors.