Novantas Acquires Corporate Treasury Consultancy
Novantas has acquired Treasury Strategies, a consulting firm based in Chicago.
The acquisition allows Novantas to expand its analytics and technology solutions into corporate banking, the firms said in a press release Wednesday.
Novantas, a New York-based bank advisory firm and provider of financial-analytics software, said it expects to complete the integration this month. Financial terms of the acquisition were not disclosed.
Another Bank of America executive has joined Novantas, a maker of financial-analytics software for banks.April 30
Novantas, a New York-based bank advisory firm, has hired the former head of analytics for Bank of America.April 8
A survey conducted by Treasury Strategies, sponsored by Wausau, uncovered much bellyaching by banks corporate clients about account opening and other processes they find needlessly complicated.October 28
Novantas said it would retain the Treasury Strategies brand in its corporate advisory business line.
Treasury Strategies "is the acknowledged leader in treasury management consulting on treasury, liquidity and payments solutions for many of the largest North American commercial banks and corporations," Novantas said in the release.
Three partners of Treasury Strategies – Cathy Gregg, Tony Carfang and Dave Robertson – will become managing directors of Novantas. The companies' Chicago offices will be combined.