Zanders acquires Dutch risk consultancy firm RiskQuest

09 April 2024 2 min. read

International consultancy firm Zanders has strengthened its presence in the Netherlands with the acquisition of RiskQuest, a risk consultancy firm with around 60 staff.

The acquisition, the firm’s third since the launch of its growth strategy, bolsters Zanders’ capabilities in risk, both in financial and non-financial risk management. Its team now grows to over 450 people.

“We are very proud to welcome RiskQuest into the Zanders family. This acquisition is another testament to our dedication to providing a wider service and product portfolio to our client base,” said Laurens Tijdhof, CEO and Managing Partner at Zanders.

Zanders neemt risk consultancybureau RiskQuest over

Founded in 2008, RiskQuest helps financial institutions apply advanced financial modelling and data science to manage financial risks and prevent financial economic crime. The company works for most major Dutch financial institutions, including the Dutch Central Bank.

“RiskQuest’s well-established presence in the Netherlands [both firms were last year named a Top Risk Consulting Firm and their in-depth expertise in the areas of credit risk, ESG and financial economic crime align seamlessly with our services and solutions,” Tijdhof said.

Terms of the deal have not been disclosed. The solutions arm of RiskQuest, which houses the solutions PRIIPs and RiskQuest Navigator, is part of the transaction and will be integrated into Zanders’ software business.

RiskQuest will continue to work from its office in Amsterdam, which will operate alongside the Zanders headquarters in Utrecht. “Together with Zanders, we become a market leader in financial risk management,” said Hans Heintz, Founder of RiskQuest. “The joining of forces will enable us to grow our consulting activities internationally, and further develop our services and products, especially in the open banking space.”

Alongside risk, Zanders also advises clients around financial performance, treasury, and corporate finance. The consultancy works mainly for financial institutions and public sector organisations.

Earlier this year, Zanders closed the acquisition of Optimum Prime, and in 2023, the company acquired Fintegral. The firm’s growth ambition is backed by British private equity fund MML Capital.