SENIOR VICE PRESIDENT OF BANKING AND FINANCIAL SERVICES GROWTH
February 18, 2019 - Newton, MA
Morgan Partners is pleased to announce that it has acted as exclusive financial advisor to Genpact in its acquisition of riskCanvas Holdings, LLC ("riskCanvas"), the financial crime compliance practice within Booz Allen Hamilton Holding Corporation (NYSE: BAH). RiskCanvas includes an end-to-end, comprehensive software suite of anti-money laundering ("AML") solutions and associated consulting services for banks and other financial institutions.
"Morgan Partners' depth of expertise and relationships in the banking sector were essential in bringing the riskCanvas deal together," said Michael Menyhart, Senior Vice President of Banking and Financial Services Growth at Genpact. "We couldn't be happier with the outcome of this partnership."
Marc Maselli, Founder and Managing Director of Morgan Partners, commented, "Combining Genpact's world-class digital, analytics, and managed services capabilities with the most technically advanced AML platform addressing customer due diligence, fraud, AML, and trade surveillance offers banks a truly compelling offering. Managing risk is more important than it's ever been, and we anticipate continued consolidation in the financial crime and broader governance, risk, and compliance ("GRC") segment."
Terms of the deal were not disclosed.
Further details about the transaction can be found here.