Opalesque Industry Update - Laven Partners, a UK vendor of regulatory technology and compliance consultancy with offices in London, Paris and New York, is acquiring The MPAC Group, a peer in the UK's compliance and regulatory advisory field known for its expertise in the complementary brokerage and digital tokenisation segments. Laven has been providing compliance services for over 16 years to institutional firms. Since 2016 it has shifted focus to add in-house regulatory technology solutions designed to establish and maintain a robust compliance framework, and service compliance needs from ongoing monitoring to project-based work surrounding new regulations such as SM&CR or GDPR. Founded in 2003, MPAC services the needs of UK companies that require cutting edge advice on various regulatory issues notably in the highly specialised spaces of payments/emoney, brokers and digital tokenisation. Now MPAC will be able to add the power of Laven Tech whilst continuing to maintain its well-established relationships with their current clients. MPAC's Nick Andrews and Phillip Buckingham will both become Managing Directors whilst the rest of the MPAC team will all be welcomed into Laven's compliance team with a focus on maintaining current service relationships with MPAC clients. The deal was completed on Thursday 14th April, and we are now looking forward to a smooth transition for all clients into the Laven family. MPAC's ongoing compliance clients will have the opportunity to take complimentary advantage of Laven's technology which has been shown to give significant saving of time previously spent on the compliance workflow. This includes brand new SM&CR and GDPR modules as well as a PA Dealing monitoring system. Laven's acquisition of The MPAC Group is the second in recent times following on from CPA Audit LLP in 2019.
Laven CEO Jerome Lussan comments:
MPAC CEO and now Laven Managing Director Nick Andrews comments:
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Industry Updates
Laven acquires UK-based regulatory compliance consultancy The MPAC Group
Thursday, April 29, 2021
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