ACA Group (ACA) and Foreside Financial Group (Foreside) have combined businesses to provide a full suite of governance, risk and compliance (GRC) advisory, technology, managed services, analytics, distribution, and outsourcing solutions to the financial services industry.
As part of the merger, Foreside’s distribution business will be rebranded as ACA Foreside and will become a division under ACA. ACA’s current CEO Shvetank Shah will be the combined entity’s CEO.
At the completion of the merger, the firm will have more than 1,250 employees and 18 offices globally, serving over 6,300 clients.
Private equity firm Genstar Capital is the lead investor in the combined business.
Commenting on the merger, Shah says: “Clients are looking for a comprehensive, one-stop solution for their GRC needs and we are thrilled to step up to the plate together to make GRC a competitive advantage for our clients.
“Foreside and ACA have earned outstanding reputations and our aligned vision and culture, client-centric focus, and commitment to innovation will help our customers navigate their most complex GRC challenges.”
David Whitaker, former president of Foreside, and current global services leader at ACA, comments: “The combination of ACA and Foreside will bring more diverse and robust offerings, and our platform architecture will offer leading financial firms the widest scope and acumen of services and technology to meet their regulatory requirements.”
