Advisense acquires Danish risk & compliance boutique CR Consulting

Sweden-headquartered Advisense has acquired CR Consulting, a Danish consultancy firm specialized in risk management, credit risk and credit processes.

With the purchase of CR Consulting, Advisense adds a team of 16 consultants, based in Copenhagen and Aarhus, to its ranks.

Founded in 2019 by Mogens Johansen, CR Consulting is a risk management consulting firm focused on credit processes, credit risk modelling and regulatory matters. Its clients are mainly large and mid-sized Danish banks.

“With the addition of CR Consulting, we are further strengthening our risk management capabilities in Denmark and in the Nordics. The acquisition is in line with our strategy to become a leading governance, risk and compliance powerhouse in Europe,” said Christine Ehnström, Group CEO at Advisense.

Established in 2008, Advisense now has more than 450 employees across 10+ offices in the Nordics, Baltics, Germany and Belgium. The firm specializes in governance, risk and compliance services to the financial services industry, working with banks, insurers, asset and wealth managers, and regulators.

“After nearly five years as a smaller Danish niche consultancy company, today marks a new chapter for us at CR Consulting,” said CEO Anne-Marie Lise Lyngsgaard. “We are excited to become part of such a dynamic and innovative organisation, where we can continue to grow and achieve even greater success together. I feel confident that we will make a good match and provide an even stronger value proposition for our clients.”