LEADING FINANCIAL SERVICES, TECHNOLOGY INSIGHT FIRMS MERGE FORMING AITE-NOVARICA GROUP

KUALA LUMPUR, July 22 (Bernama) -- Aite Group LLC and Novarica Inc have joined forces to create the leading advisory firm, Aite-Novarica Group.

The firm focuses on helping executives from banks, payment providers, insurers, securities firms and their respective service providers respond to important technology, market, operations, and regulatory changes, according to a statement.

“We have a tremendous opportunity to leverage our subject-matter experts’ hundreds of years of collective industry experience to advise financial services executives on their most critical decisions,” said a former Corporate Executive Board (CEB) executive who is the new Chief Executive Officer (CEO) of the combined company, Kurt Reisenberg.

Meanwhile, former CEO of Novarica and head of Research Councils for Aite-Novarica Group, Matthew Josefowicz said: “Our entire team is looking forward to bringing additional insights from adjacent financial services verticals and specialised areas such as fraud, anti-money laundering, and cybersecurity to our insurer CIO clients.”

“We are excited about providing new depths of technology leadership experience and advisory capabilities to all of our clients, and about having more impact on decision-makers in the insurance industry,” said former managing partner of Aite Group and head of Products and Strategy for Aite-Novarica Group, Sang Lee.

The combined company offers over 70 analysts and industry practitioners based in North America and Europe with extensive expertise across all subsectors of the financial services industry.

It also offers a library of more than 3,000 reports covering the last 16 years of financial services technology innovations, and insights drawn from deep relationships with hundreds of banks, payments providers, insurers, and securities firms.

In addition, an executive advisory business based on deep relationships with hundreds of Chief Information and Technology Officers, and detailed analysis of leading vendors across nearly every financial services vertical are also offered.

The respective firms will continue to maintain their own separate web presences and research libraries through the end of 2021 at https://aitegroup.com and https://novarica.com.

More details about Aite-Novarica Group at https://aite-novarica.com.

-- BERNAMA