SOURCE: Kennedy Consulting Research & Advisory

Kennedy Consulting Research & Advisory

April 18, 2012 14:21 ET

New Rules -- and Opportunities -- Emerging for Financial Services Consultants

Kennedy Analysts Find That Specialization -- With an Eye on Regulatory Reforms -- Are Key Drivers in Today's Demand for Financial Services Engagements

PETERBOROUGH, NH--(Marketwire - Apr 18, 2012) - Kennedy's in-depth examination of Financial Services consulting markets worldwide reveals that, as the industry faces a barrage of regulations in developed economies -- and perhaps soon in developing economies -- new ways of doing business will be required. In fact, compliance and the need to find better ways to ensure financial success are already creating many opportunities for consultants.

According to new research from Kennedy Consulting Research & Advisory, Financial Services Consulting Marketplace, the dominant theme now is specialization. Financial Services clients want consultants who know their business, understand the expansive regulatory environment, and possess well developed consulting skills.

That said, breadth and scale are not being overlooked either. The consulting firms that invested in their own growth during the downturn and can offer more capabilities have an advantage today.

"Business cycles continue to shorten, and recently-enacted regulations have not been entirely defined," according to Tomek Jankowski, Research Analyst for Kennedy. "That, coupled with changing customer needs, brand issues, unprecedented market pressures and competition from non-traditional players has financial services clients looking to consultants to help them fundamentally reinvent themselves even as the ground beneath their feet is shifting."

Additional findings reveal that, even in an era of regulatory reform, certain forward-thinking CEOs are not losing sight of the importance of competitive advantage. Therefore, some consultants are also being asked to address compliance in ways that will also improve their client company's position in the marketplace.

Financial Services Consulting Marketplace details these and other trends impacting client demand for services, and rates the competitive positioning of today's leading Financial Services consulting providers -- assessing their capabilities in terms of both breadth and depth. Among the many firms featured and/or profiled are: Accenture, AlixPartners, Atos, Bain & Company, Booz & Company, Capgemini, CGI Group, Cognizant, Crowe Horwath, CSC, Deloitte, Ernst & Young, FTI Consulting, HP-EDS, IBM, KPMG, McKinsey & Company, Mercer, MTI Consulting, Navigant, Oliver Wyman Group, PwC, The Boston Consulting Group, Towers Watson, and more.

About Kennedy Consulting Research & Advisory

Since 1970, Kennedy Consulting Research & Advisory has been the world's leading source of market analysis on the Management and IT consulting industries, serving the most highly regarded professional services firms and Fortune 500 companies across the globe. Kennedy's consulting advisory unit provides results-oriented strategic guidance to buyers and sellers of consulting services. Kennedy's parent company, Bloomberg BNA, a wholly owned subsidiary of Bloomberg, is a leading source of legal, regulatory, and business information for professionals.

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