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.
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.
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
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