Global provider of conduct risk and compliance technology MyComplianceOffice (MCO) is to acquire Schwab Compliance Technologies (SCT).
The acquisition is expected to close in mid-2022 and aims to bring together MCO and SCT’s products, customers and employees to accelerate MCO growth.
With offices in the US, Ireland, India and Singapore, MCO and SCT combined will be supporting more than 1,200 clients across the globe.
Following the close of acquisition, MCO will work closely with Schwab to ensure a smooth, effective transition for SCT clients.
Commenting on the acquisition, Brian Fahey, CEO of MCO, says: “We are excited to welcome SCT, its team and customers to the MCO family. By combining SCT’s client experience and wide domain knowledge with MCO’s functionality-rich technology platform, we can bring together the best of both firms’ offerings.”
Rumi Kuli, director of SCT, adds: “With MCO’s commitment and investment in this space, combined with its culture and technology focus, we believe our team and clients will be the ultimate beneficiaries of this acquisition.”
