Zanders acquires RiskQuest to grow team to 450 and expand service suite

April 2024
4 min read

Utrecht, The Netherlands – April 9, 2024 – Zanders, a renowned global financial performance consultancy firm, announced today the successful acquisition of RiskQuest, a leading Dutch-based risk consultancy firm. This strategic move follows the acquisitions of Optimum Prime in January and Fintegral last year in July by Zanders and is set to further strengthen the company’s presence in the European market. This transaction reflects a shared commitment from both companies to deliver excellence, paving the way for strengthened services and increased market influence with a stronger combined Risk Advisory team focused on financial and non-financial risk.

Laurens Tijdhof, CEO and Managing Partner at Zanders, stated, "We are very proud to welcome RiskQuest into the Zanders family. This acquisition is another testament to our dedication to providing a wider service and product portfolio to our international client base. RiskQuest's well-established presence in the Netherlands and their in-depth expertise in the areas of credit risk, ESG and financial economic crime (FEC) align seamlessly with our vision, reinforcing our commitment to delivering innovative services and solutions."

Zanders, which has been growing by 25% CAGR over the past three fiscal years, has a specialized focus on treasury and risk, providing its services to clients in over 40 countries. The expansion through the acquisition of RiskQuest not only strengthens Zanders' capabilities to deliver financial performance to their clients, but also solidifies its expertise in financial and non-financial risk management. The now larger team of about 450 people and proven international track record are set to propel the combined companies to new heights. The acquisition's inclusion of a robust software solution suite will further broaden and strengthen Zanders’ cloud-based software offering.

Hans Heintz, Partner, and Founder at RiskQuest, expressed great enthusiasm about the acquisition, stating, "Joining forces with Zanders, with its shared culture and values, opens up exciting possibilities to scale-up our products, especially in the Open Banking space. Together we become a market leader in Financial Risk Management and can grow our consulting activities internationally within the FEC and ESG domains, as well as to continue developing new services around GenAI and responsible AI.”

With this transaction, Zanders expands its global footprint to include RiskQuest’s office in Amsterdam, next to Zanders’ headquarters in Utrecht, totaling 11 offices worldwide in Europe, Middle East, US, and Asia. The office in Amsterdam will continue to serve as a hub for collaboration and innovation, to further enhance the combined companies’ capacity to provide localized support and expertise to clients in the region.

About Risk Quest:

RiskQuest is a consulting firm specializing in developing state-of-the art models for managing financial risks, preventing financial economic crime, and for sustainable strategy. Since the company was founded in 2008, it has been able to build and maintain an impressive customer base and work for all major Dutch financial institutions, including the Dutch Central Bank. The team consists of 60 exceptional quants with backgrounds in mathematics, physics, econometrics, computer science or engineering, combined with a commercial sense and the ability to explain complex matters to a broad range of audiences. 

About Zanders:

Zanders is a global independent treasury and risk consulting firm with 30 years of experience in providing innovative solutions to multinational corporations, financial institutions, public sector entities and NGOs (Non-Governmental Organizations). The company specializes in treasury strategy and organization, technology selection and implementation, financial and non-financial risk management, risk modelling, validations, and regulatory compliance, and has developed its own suite of innovative SaaS (Software as a Service) solutions on its Zanders Inside platform. The combined company has grown strongly to become a leading global consulting firm with 450 employees across 11 offices in Europe, Middle East, US, and Asia.

Zanders is committed to ESG (Environmental, Social and Governance) principles and practices and supports its clients in achieving their ESG goals. The company believes that diversity, equity, and inclusion (DE&I (Diversity, Equity, and Inclusion)) are essential to building a strong, sustainable business and is committed to fostering a culture that values and respects diversity in all forms.

For media inquiries, please contact:

Marianne Myburgh
Chief Marketing Officer
Zanders Group
m.myburgh@zandersgroup.com

Zanders announces acquisition of Optimum Prime, enhancing its end-to-end services offerings

January 2024
4 min read

Utrecht, The Netherlands – January 11, 2024 – Zanders, a leading name in financial performance consulting, announces today the acquisition of the Dutch boutique software consultancy, Optimum Prime. This is a significant milestone in the journey toward enhancing its quantitative risk advisory capabilities and expands the service portfolio of Zanders to accelerate the financial risk models of financial institutions with high performance computing (HPC), machine learning (ML) and artificial intelligence (AI).

The integration of the Optimum Prime team is strengthening the capabilities of the Risk Advisory Group at Zanders, signifying a move poised to deliver significant value to Zanders and its clients. Integrating the experience team of Optimum Prime will introduce new dimensions to Zanders' services, creating a powerful constructive collaboration that benefits its global clients and the financial industry.

"As we embark on this transformative journey with the integration of Optimum Prime, we are excited about the wealth of expertise and innovative solutions this acquisition brings to Zanders. This is a pivotal moment in our commitment to delivering the unparalleled value of high-performance computing, risk management, and artificial intelligence to our clients. The complementary skills, technological advancements, and expanded reach position us as a stronger force in the financial consulting landscape. We look forward to leveraging this synergistic transaction to drive excellence, foster innovation, and exceed the expectations of our clients in the ever-evolving financial industry"

Laurens Tijdhof, CEO and Managing Partner, at Zanders.

Zanders gains a team with a proven track record in engineering and performance within the trading domain using Graphics Processing Units (GPUs). The collaboration is set to enhance the company’s market proposition, making it attractive not only to banks but also to other leading trading companies.

The acquisition strengthens Zanders' strategic initiatives in banks’ risk management domain, leveraging the extended reach of their channel partners and their vendor risk management system implementation expertise to address performance challenges.

“Joining forces with Zanders allows us to combine our specialized expertise in high-performance computing, risk management, and artificial intelligence with the esteemed reputation and global reach of Zanders. Together, we look forward to setting new industry benchmarks, pushing the boundaries of innovation, and delivering unmatched value to our clients. This collaboration signifies a powerful union of talent and capabilities, and we are excited about the positive impact it will have on the financial consulting landscape"

Pascal de Wit, co-founder of Optimum Prime.

As Zanders welcomes the talented team from Optimum Prime, this strategic transaction marks a new chapter in our commitment to providing innovative solutions to our clients. The combined expertise of both teams, positions Zanders as a formidable force in the financial consulting landscape.

About Optimum Prime:

Optimum Prime is a Dutch fintech company with years of experience in crafting innovative quantitative software solutions to global financial institutions, asset managers, insurers, and pension funds. The company specializes in developing bespoke quantitative models, high performance computing solutions, artificial intelligence, and machine learning algorithms. The company is a global solution partner for NVIDIA & AWS in the financial services industry, delivering optimal performance for trading books and bank risk management software. 

About Zanders:

Zanders is a global independent treasury and risk consulting firm with 30 years of experience in providing innovative solutions to multinational corporations, financial institutions, public sector entities and NGOs (Non-Governmental Organizations). The company specializes in treasury strategy and organization, technology selection and implementation, financial and non-financial risk management, risk modelling, validations, and regulatory compliance, and has developed its own suite of innovative SaaS (Software as a Service) solutions on its Zanders Inside platform. The company has grown strongly to become a leading global consulting firm with about 375 employees across ten offices in Europe, Middle East, US, and Asia.

Zanders is committed to ESG (Environmental, Social and Governance) principles and practices and supports its clients in achieving their ESG goals. The company believes that diversity, equity, and inclusion (DE&I (Diversity, Equity, and Inclusion)) are essential to building a strong, sustainable business and is committed to fostering a culture that values and respects diversity in all forms.

For media inquiries, please contact:

Marianne Myburgh
Chief Marketing Officer
Zanders Group
m.myburgh@zandersgroup.com

Zanders joins the Nomentia Partner Network as an Implementation Partner

Utrecht, The Netherlands – January 18, 2024

Zanders, a renowned global treasury and risk management consultancy firm, joined the Nomentia Partner Network. Zanders will support Nomentia with implementing new client projects using its extensive industry expertise in treasury and risk management.

In today's rapidly evolving business landscape, efficient treasury and risk management technologies are crucial for companies of all sizes. With the increasing complexity of financial regulations, global market fluctuations, and growing demands for real-time information, organizations need robust tools and expert guidance to implement treasury technologies successfully to tackle these challenges. With the help of Zanders, new Nomentia customers will be able to implement the solutions rapidly with expert consultants and projects managers from Zanders who all received training and completed the Nomentia partner certification.

Zanders has grown strongly to become the leading global independent treasury and risk consulting firm with about 300 employees across ten offices in Europe, the UK, Middle East, US and Asia.  With a specialized focus on treasury and risk, Zanders has been committed to providing best-in-class solutions to their customers in more than 40 countries. Zanders’ advisory services consist of treasury strategy and organization, technology selection and implementation, financial and non-financial risk management, including debt advisory and working capital management. In addition, Zanders has developed its own suite of innovative software-as-a-service (SaaS) solutions. Zanders combines thought leadership with a high-quality approach and client involvement across the value chain.

“We are excited to join Nomentia as a partner and support their growing client base with new system implementations. Nomentia offers a full suite of treasury, risk and payment technology solutions and is focused on future product development” says Sander van Tol, Partner at Zanders. “Our goal is to provide added value as a subject matter expert to both Nomentia and their clients.”

The partnership between Nomentia and Zanders represents a significant step forward in the realm of treasury and risk management. By combining Nomentia’s innovative technology and Zanders’ expertise, organizations gain access to comprehensive solutions that empower them to optimize their financial operations, make informed decisions.

“We want to welcome Zanders to the Nomentia partner program and we are thrilled about implementing our first client projects together” says Tapani Oksala, Head of Partnerships at Nomentia. “Zanders' expertise in the market is well-known for a reason – and now, Nomentia’s clients will be able to work with world-class treasury consultants and project managers as a result of this partnership.”

About Nomentia

Nomentia is a category leader within European treasury and cash management solutions. Nomentia’s mission is to provide unparalleled cloud treasury and cash management solutions for and with our customers.  

Today, Nomentia is solving the challenges of modern treasurers and cash managers across 1400+ businesses in over 80 countries, processing more than 1.2 trillion euros annually. Nomentia specializes in global payments, bank connectivity-as-service, cash forecasting and visibility, bank account management, financial process automation, treasury workflows, FX risk, in-house banking, and trade finance.   

For more information, visit www.nomentia.com

Zanders announces acquisition of Fintegral to enhance risk management solutions

July 2023

Utrecht, The Netherlands – July 28, 2023 - Zanders, a leading global provider of treasury, risk management and technology solutions, today announced the acquisition of Fintegral, a renowned European risk consulting firm. This strategic acquisition strengthens Zanders' commitment to delivering comprehensive risk management solutions to its global clients.

Fintegral, known for its deep expertise in risk management, has built a stellar reputation for providing innovative risk advisory services to financial institutions across the DACH region and the UK. By acquiring Fintegral, Zanders aims to expand its capabilities in risk management, offering clients a broader suite of solutions to navigate the complex and evolving landscape of financial and non-financial risk.

"We are very excited to welcome Fintegral to the Zanders family," said Laurens Tijdhof, CEO of Zanders. "Their expertise in risk management aligns perfectly with our mission of providing innovative and comprehensive solutions to our clients. This acquisition will further enhance our ability to support our clients in managing risk and achieving their strategic objectives."

The acquisition of Fintegral allows Zanders to leverage their extensive experience in financial risk modelling and validation, non-financial risk management, and regulatory compliance. By combining Zanders' industry-leading treasury and risk management approaches with Fintegral's deep domain risk knowledge, the partnership will deliver holistic risk management solutions that empower financial institutions and other organizations to make well-informed decisions.

"We are very excited to join forces with Zanders," said Andreas Peter, Managing Partner at Fintegral. "Together, we will have the opportunity to bring our extensive risk management expertise to a wider range of international clients, helping them build robust risk frameworks, optimize their capital allocation, and navigate the increasingly complex regulatory environment. Our clients will benefit from the extended resources and combined know-how."

This acquisition is set to fortify Zanders’ market position and significantly expand its global presence, particularly in the DACH region and the UK. The merger of the two companies, combining 45 consultants in the UK and 35 consultants in the DACH region, positions Zanders as a leading player, leveraging the expertise and resources of both consultancies to deliver exceptional services and solutions in the market to meet the evolving needs of clients.

The agreement remains subject to completion.

About Fintegral:

Fintegral is a renowned risk consulting firm specializing in financial and non-financial risk management. With over 30 employees and 20 years of experience, Fintegral has a strong focus on financial institutions and offers expertise in risk modelling, stress testing, regulatory compliance, and risk governance.

About Zanders:

Zanders is a global independent treasury and risk consulting firm with 30 years of experience in providing innovative solutions to multinational corporations, financial institutions, public sector entities and NGOs. The company specializes in treasury strategy and organization, technology selection and implementation, financial and non-financial risk management, risk modelling, validations, and regulatory compliance, and has developed its own suite of innovative SaaS solutions on its Zanders Inside platform. The company has grown strongly to become a leading global consulting firm with about 300 employees across ten offices in Europe, Middle East, US, and Asia.

Zanders is committed to ESG principles and practices and supports its clients in achieving their ESG goals. The company believes that diversity, equity, and inclusion (DE&I) are essential to building a strong, sustainable business and is committed to fostering a culture that values and respects diversity in all forms.

For media inquiries, please contact:

Marianne Myburgh
Chief Marketing Officer
Zanders Group
m.myburgh@zandersgroup.com

Zanders and MML agree on strategic investment to drive future growth

October 2021

Utrecht, The Netherlands – October 08, 2021

From its foundation in the Netherlands in 1994, Zanders has grown strongly to become the leading independent treasury and risk consulting firm globally with over 200 employees across seven offices in Europe, the US and Asia. Zanders combines thought leadership with a high-quality approach and client involvement ‘from ideas to implementation’.

Luke Jones, Partner at MML, explains “We are thrilled to be partnering with the existing Zanders’ management team to support the firm’s next phase of growth. Zanders has a highly specialized proposition and its expertise in treasury and risk is unparalleled. The team has sustained strong growth over a number of years, and we are backing them to do more of the same.”

With a specialized focus on treasury and risk, Zanders has been 100% committed to providing best-in-class advisory services to 750 customers, such as large multinational corporates, financial institutions, public sector and non-profit organizations, in more than 40 countries. In addition, the company has developed its own suite of innovative cloud-based solutions on the Zanders Inside platform, which it will continue to scale with MML’s investment.

“We are very excited that MML is going to support us”, comments Laurens Tijdhof, CEO and Managing Partner at Zanders. “We have been searching for a genuine strategic partner to help accelerate our international expansion and execute on our growth strategy. MML’s strong track record of scaling people businesses, across multiple geographies, was immediately attractive to us. The experienced investment team felt like the perfect cultural fit for our business, and we look forward to working alongside them to deliver our strategic objectives.”

The transaction is subject to regulatory approval.

Marianne Myburgh
Head of Global Marketing & Communications
Zanders Group
m.myburgh@zandersgroup.com

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