Wolters Kluwer acquires FRSGlobal
Written by Editor, CIR
2010-09-23
Regulatory compliance and risk management firm, Wolters Kluwer Financial Services has acquired Brussels-based global financial regulatory reporting and risk management business, FRSGlobal adding operational, compliance and financial risk and reporting to its offering.
“The financial crisis, globalisation, and increasing regulatory scrutiny have created a complex and challenging environment for financial organisations,” said Brian Longe, chief executive officer of Wolters Kluwer Financial & Compliance Services.
“Financial organisations are requiring intelligent and comprehensive solutions and services to help them address the complexities of a rapidly evolving regulatory environment."
“Joining Wolters Kluwer Financial Services means that our customers will have access to an even broader array of compliance and risk management solutions,” said Steve Husk, chief executive officer of FRSGlobal. “With a shared commitment to meeting the evolving needs of the financial services market, FRSGlobal and Wolters Kluwer Financial Services will be able to comprehensively address the needs of financial organisations around the globe.”
FRSGlobal was founded in 1989. The company has 350 employees located in 20 offices in North America (Boston, New York and Toronto); Europe (Amsterdam, Brussels, Dublin, Lisbon, London, Luxembourg, Madrid, Paris, Zurich, Lausanne, Warsaw and Cluj-Napoca (Romania); Dubai; and Asia Pacific and Japan (Hong Kong, Pune and Singapore).
Steve Husk and Serge Minne will join Wolters Kluwer Financial Services and will continue to lead FRSGlobal.