Exclusive: Delta Capita acquires The Field Effect
30 January 2019 London
Image: Shutterstock
Delta Capita has acquired The Field Effect, a London-based consultancy, specialising in prime services, financing, clearing and collateral management.
The acquisition will produce a global consultancy and service provider in prime brokerage, securities finance and collateral management space.
The combined business will offer pre- and post-trade strategies, operating model designs and business cases, combined with technology delivery, data, integration solutions managed services and consortia management capabilities.
David Field will join Delta Capita’s executive committee and lead the new combined prime services and securities finance practice.
Commenting on the acquisition, David Field, founder and managing director of The Field Effect, said “Since our foundation in 2015 we have become the dominant provider of securities financing management consultancy in the UK.”
He added: “To support our clients’ needs we see value in accessing Delta Capita’s consortium and utility experience, global reach and service agreements with major market participants.”
“As we grow it makes sense to combine these capabilities to produce a seamless service for existing clients and create new opportunities for the combined group.”
Joe Channer, Delta Capita, founder and CEO, commented: “The combined capabilities of both businesses create a leading securities finance and prime consultancy, at a time when the industry is experiencing unprecedented levels of change.”
He added: “As firms continue to manage balance sheet constraints, new regulation and technology re-platforming for cost efficiency, they need a service provider that understands these challenges and has the right expertise at scale and with global reach to help them respond. Delta Capita is that partner.”
The acquisition will produce a global consultancy and service provider in prime brokerage, securities finance and collateral management space.
The combined business will offer pre- and post-trade strategies, operating model designs and business cases, combined with technology delivery, data, integration solutions managed services and consortia management capabilities.
David Field will join Delta Capita’s executive committee and lead the new combined prime services and securities finance practice.
Commenting on the acquisition, David Field, founder and managing director of The Field Effect, said “Since our foundation in 2015 we have become the dominant provider of securities financing management consultancy in the UK.”
He added: “To support our clients’ needs we see value in accessing Delta Capita’s consortium and utility experience, global reach and service agreements with major market participants.”
“As we grow it makes sense to combine these capabilities to produce a seamless service for existing clients and create new opportunities for the combined group.”
Joe Channer, Delta Capita, founder and CEO, commented: “The combined capabilities of both businesses create a leading securities finance and prime consultancy, at a time when the industry is experiencing unprecedented levels of change.”
He added: “As firms continue to manage balance sheet constraints, new regulation and technology re-platforming for cost efficiency, they need a service provider that understands these challenges and has the right expertise at scale and with global reach to help them respond. Delta Capita is that partner.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
