Accenture Hires Madeleine Chenette
Accenture has hired Madeleine Chenette as office managing director for Montreal, effective immediately. In this role Chenette will be responsible for expanding Accenture’s business presence in Quebec, focusing on bringing innovation to clients, attracting top talent and strengthening the company’s impact in the Quebec community. She will also lead Accenture’s retail, consumer goods and transport industry practices in Quebec. Chenette joins Accenture from KPMG Canada, where she led the strategy service line for the past four years. She has more than 22 years of consulting experience with clients across a wide range of industries, including retail, consumer goods, communication, transport, finance and the public sector. Chenette has served as the chair of the board of SECOR Group, an international strategy and management consulting firm, and as a board member of Transat A.T. Inc., an integrated tour operator. “Madeleine has a wealth of experience helping major Canadian organizations innovate to solve their most significant business challenges,” said Bill Morris, senior managing director and Canadian president of Accenture. “She has established herself as a proven business leader, both within Quebec and across Canada, making her a great asset to our team.” Chenette was named to the list of Canada’s Most Powerful Women: Top 100 in 2012 by the Women’s Executive Network, and was recognized by the Association of Quebec Women in Finance in 2011 and 2013. A certified corporate director, Chenette holds a Master of Science and Administration (M.Sc.) degree from École des Hautes Études Commerciales. “I’m excited to be part of the Accenture team to help drive value for our clients as we help them innovate and succeed,” Chenette said. “I look forward to taking on the challenge of building broader awareness of Accenture in Quebec.”
Accenture to Acquire InvestTech Systems Consulting, Further Expanding its AssetManagement Consulting Capabilities
Accenture (NYSE: ACN) has agreed to acquire InvestTech Systems Consulting, a market leader in investment technology systemsintegration and consulting services
that supports many of the world’s largest asset managers and investment service providers. The acquisition will further expand Accenture’s capabilities to help global investment managers, institutional investors and asset servicers strengthen their competitiveness by staying in front of new and emerging digital innovations and technology paradigms. Terms of the transaction were not disclosed. “Asset managers are under growing pressure to modernize their investment management and operational infrastructure to support growth, higher efficiency and profitability,” said Owen Jelf, a senior managing director at Accenture and head of the company’s Capital Markets practice. “By further expanding our systems integration and consulting capabilities in this area, we will be able to do much more to help our clients tap new digital innovations and provide access to new scale advantages that can ensure their competitiveness well into the future.” InvestTech’s services include systems integration and technology consulting support for the entire front to backoffice investment process. The company, which is headquartered in Los Angeles, has expertise in strategic architecture planning, operations transformation, enterprise data management, investment accounting, portfolio management, trading product evaluations and implementation of leading vendor-provided solutions. Jeremy Hurwitz, InvestTech’s founder and president, said, “Over the past twenty-five years, we’ve built a team of some of the world’s most experienced investment systems professionals and have served many of the largest and most complex global asset management firms. We have developed a powerful suite of proprietary tools and methodologies that enhance our investment process, architecture, data and technology delivery services to our clients. As part of Accenture, we will be able to bring world class services to a wider spectrum of clients — from large and mid-sized asset managers to insurance companies, pension plans and hedge funds.” Accenture’s Capital Markets practice provides consulting, strategy, digital, technology and outsourcing services to help financial institutions drive sales-force effectiveness, transform the client experience, improve operational productivity and efficiency, and improve decisionmaking via Big Data and analytics. Its asset management practice leverages deep domain expertise to deliver endto-end solutions for clients, which include seven of the top 10 global asset managers. The InvestTech acquisition will be Accenture’s second industry-focused asset-management acquisition in a little over a year. In December 2015, Accenture acquired Beacon Consulting Group to enhance its management consulting capabilities and expand its back- and middleoffice client relationships with five of the top 10 North American assetmanagement firms. The InvestTech transaction, which is subject to customary closing conditions, is expected to close within the next several weeks.
About Accenture
Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions – underpinned by the world’s largest delivery network – Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With more than 394,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives.