Global consultancy Accenture has agreed to buy the business for an undisclosed sum.
The global consultancy market is worth around £3.5bn per year.
Parker Fitzgerald is one of the fastest growing names in the financial consulting arena.
The London-headquartered was founded in 2008 mid-recession, and partners with some of the world’s largest financial institutions.
What does this mean?
Accenture is taking steps to bolster its advisory, assurance and regulatory offerings to keep up with this slice of the consultancy market.