Banking

Financial services advisory firms merge to form Aite-Novarica Group

Two research and advisory firms, Aite Group LLC and Novarica Inc., have merged to create one company that will advise financial services firms, the two groups announced on Wednesday.

The combined company comprises 70 analysts and industry practitioners in North America and Europe and offers a library of more than 3,000 reports covering 16 years of financial services technology innovations. It will host virtual and in-person conferences. Aite-Novarica Group counts hundreds of banks, insurers, payments providers, and investment firms among its clients, and its coverage areas include banking and payments, insurance, investments, cybersecurity and fraud.

Kurt Reisenberg, left, has been named CEO of the newly formed Aite-Novarica Group. Matthew Josefowicz, former CEO of Novarica, is now head of Research Councils for Aite-Novarica Group.

Kurt Reisenberg, a former executive at Corporate Executive Board, will lead the combined company as CEO.

“We have a tremendous opportunity to leverage our subject-matter experts’ collective industry experience to advise financial services executives on their most critical decisions,” he said in a press release.

Pre-merger, Novarica specialized in insurance, while Aite Group covered retail banking and payments, commercial banking and payments, wealth management, capital markets, and specialized areas such as fraud, anti-money laundering, and cybersecurity.

“Our entire team is looking forward to bringing additional insights from adjacent financial services verticals and specialized areas such as fraud, anti-money laundering, and cybersecurity to our insurer CIO clients,” said Matthew Josefowicz, former CEO of Novarica, who is now head of Research Councils for Aite-Novarica Group.



Most Related Links :
reporterwings Governmental News Finance News

Source link

Back to top button