Financial services consulting firm Arthur Andersen is back
Stéphane Laffont-Réveilhac, global managing partner at Arthur Andersen
Accounting and consulting firm Arthur Andersen, the folks who audited Enron, is back with 26 offices in 16 countries on five continents.
In case you had forgotten; back in 2002, the company voluntarily surrendered its licences to practice as Certified Public Accountants in the US after being found guilty of criminal charges relating to the handling of the auditing of energy corporation Enron, which had filed for bankruptcy in 2001. The former consultancy and outsourcing arm of Arthur Andersen is now known as Accenture.
Now it’s just relaunched in March with offices that include four cities in the US, three countries in Europe and seven nations in the Middle East. It’s been some time in the making, as since 2013, the firm was in the process of “reconstructing” itself. In its reborn state it will provide its services to banks and fintech firms – as before.
Stéphane Laffont-Réveilhac, global managing partner at Arthur Andersen, says discussions are underway for setting up offices in China, Canada, Australia, Israel, Russia and in a number of countries in the European Union, Asia and South America.
Kind of a big deal
Arthur Andersen will have even more competition in this business arena, as Gartner is the process of acquiring business management consultancy firm CEB for $2.6 billion.
According to Gartner, the transaction has a total enterprise value of approximately $3.3 billion, including Gartner’s “assumption” of approximately $700 million in CEB net debt.
Together, Gartner and CEB will employ more than 13,000 “associates”.
Banking Technology understands there is a noticeable flurry of CVs of CEB staff circulating in the recruitment market since the announcement of the takeover by Gartner.
