Boutique consulting firm HK&P adds data specialist Senya

02 September 2020 2 min. read

HK&P International, a boutique consultancy dedicated to the financial services sector, has bolstered its data strategy and implementation services through the acquisition of UK-based consulting firm Senya.

Founded in Amsterdam in 2011, HK&P International caters to the needs of banks, insurers, investment managers, payments providers and other financial market participants, providing consulting services across three key areas: consulting, which includes strategic advisory and target operating model expertise; implementation, including project delivery and IT migration; and data, including data management and analytics.

According to CEO of HK&P International Remco Koteris, the firm’s backbone consulting vertical has been the firm’s flagship operation so far, receiving the most attention and drawing the most success. Despite delivering several projects in the data domain, the vertical has never been the firm’s primary focus.

This is now set to change, as the consulting firm looks to serve a business environment that is increasingly placing data at the centre of value creation. “Seeing how the industry is changing rapidly over the last few years and seeing how technological changes are enabling the development of new digital solutions, we came to the conclusion that we needed to grow our knowledge base and skills in the expertise area of data strategy and implementation services,” explained Koteris.

Boutique consulting firm HK&P adds data specialist Senya

Following a review of options – building a data practice from the ground or turning to inorganic growth – HK&P International decided to go for the latter option, and acquired the expertise of Senya, a UK-based consulting company with a presence in England, South Africa and Canada.

Koteris: “Like HK&P, Senya is a high-quality niche player, focusing on helping their clients with complex data problems, solving key challenges. It aligns well with our vision of ‘quality people, quality delivery’ and their offerings perfectly complement our portfolio.”

Senya offers a wide range of data services, including digital transformation support, big data expertise to generate business insights, pre-packaged ‘industry models’ designed to serve data needs of specific sectors, and support with General Data Protection Regulation (GDPR) compliance.

For Senya, the joining of forces allows it to leverage HK&P’s base markets – the Netherlands, Ireland and Luxembourg. Amit Mandal, the CEO of Senya, indicated that this was a big step for the firm.

“We are delighted to join forces with HK&P, which will give us access to new markets and greater focus on the investment management sector, which has been on our radar since gaining experience in the asset management functions of some major insurers. Our companies share a similar ethos of delivering high quality services through pragmatic, experienced and focused people. We look forward to bringing our data expertise to the full range of HK&P clients and prospects going forward,” he said.