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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:
"Financial services are not about to slow down in the UK and having a meeting of the minds with Nick as to what the future held, it was natural to join forces, combine different areas of expertise and benefit from Laven's technology. In 20/21 Laven has continued to go from strength to strength increasing staff 25% across our technology, compliance and sales teams. We also opened up a new office in Paris increasing our European presence. This is largely down to Laven Tech allowing our clients, many of which signed up within the last year, to maintain the same level of compliance oversight whilst working from home. The acquisition of The MPAC Group enhances our team further and adds areas of expertise in a way that will benefit all of our clients."

MPAC CEO and now Laven Managing Director Nick Andrews comments:
"We are thrilled with the warm welcome we have received in becoming part of Laven and are eager to get started working with like-minded forward-thinking compliance specialists. At MPAC, we have always believed that client satisfaction is a function of people, solutions and delivery and we have seen this evidenced in Laven's work whilst these discussions have been taking place. In particular, we are very excited to introduce Laven Tech solutions to our client base and are in no doubt it will prove great value to clients whilst also maintaining and enhancing their current MPAC consulting customer experience."

Press release
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