London Tuesday 21st June 2022: Compliancy Services, one of the UK’s leading providers of compliance consultancy and regtech services, today announces that it has formally merged with Portman Compliance.
The deal will see Portman’s existing portfolio of over 150 clients, the majority of which are hedge funds and private equity organisations, continue to be serviced by the Portman team, within the Compliancy Services business. By doing so they will benefit from the company’s scale and expertise. Nancy King, founder of Portman, will head up the new specialist funds division and lead client accounts in the newly created role of Senior Managing Director.
The merger, which has been supported by private equity specialists Ethos Partners, will enable Compliancy Services to double the size of its specialist funds team. The deal will boost the company’s overall headcount to nearly 60 staff, servicing over 800 clients across its specialist teams. The expansion comes following rapid growth for both firms, with average annual revenues rising 20 per cent year on year, for the last five years.
The news comes following several major hires into Compliancy Services’ Capital Markets team, with industry veteran Maurice McDonald joining as Director of Wealth Management and Jonathan Aseervatham appointed as Director of the Prudential Services team. Compliancy Services now provides a complete range of consultancy to its clients, in the areas of banking, capital markets, including hedge funds, private equity, asset management, wealth management, corporate finance and broking, payment services, consumer credit, insurance, and lending,’
Philip Naughton, Chief Executive Officer, Compliancy Services, comments:
“With increasingly complex regulation, businesses are seeking multi-sector, specialist partners to guide them, as they grow and develop, through all aspects of their compliance journey.
I have known Nancy for many years, and we share the same values and beliefs when it comes to client services and delivery. By bringing together Compliancy and Portman, we will dramatically increase our specialist capabilities in the funds sector and Nancy’s proven expertise and insights will be a huge asset, as we take our business to the next level.”
Nancy King, Senior Managing Director, Compliancy Services, comments:
“Joining forces with Compliancy Services is a natural next step for Portman, as we seek to offer our clients access to a wider range of capabilities and expertise. By combining resources, we can build a business that leads the industry, offering clients first class consultancy with a finger on the pulse of constantly evolving regulation.”