Rule Financial, investment banking consultancy, has acquired Waterline Group, another consultancy based in North America.
The acquisition gives the firm entre into the Canadian market and adds to its existing business in New York. Waterline will be integrated into and operate under the Rule Financial brand.
Waterline Group, with offices in Toronto and New York, works with a number of Canadian and U.S.-based banks and trading organizations on the buy and sell side. Waterline Group executives will be take on roles at Rule Financial. Chris DeBrusk will lead North American business development; Amrik Chawla will be North American and U.S. lead; Rob Schmidt will be responsible for Rule Financial Canada; and Rob McGeachy will be North American delivery lead.
Chris Potts, CEO, Rule Financial, adds: As North American financial institutions race to align IT with a swathe of incoming regulation such as Dodd-Frank and the Volcker Rule Rule Financial is anticipating heightened demand for specialist consultancy services in the region. Acquiring Waterline Group provides both a route into these financial institutions, and the specialist support needed to cater for this increasing demand for investment banking consultancy. I am pleased to welcome the new consultants into the Rule Financial team and look forward to further building on the success of our North American operations as we continue to expand our services and recruit the most talented specialists working in financial services.
Rule Financial also recently expanded in London, New York and Łdź, Poland.
(CG)