The professional services firm has acquired a consultancy specialising in asset management.

Deloitte, the global professional services firm, has acquired US-based consultancy Casey Quirk, which is focused entirely on asset management. The move is the latest in a number of acquisitions made by Deloitte in recent years. 

Terms of the deal were not disclosed. 
    
The Casey Quirk partners and existing team will move to Deloitte and operate under the “Casey Quirk by Deloitte” brand, Deloitte said in a statement yesterday. 

In 2013, Deloitte bought the US strategy firm Monitor.

There have been several M&A deals in the wealth consultancy space in recent years. In 2013, McLagan acquired Scorpio Partnership, while PricewaterhouseCoopers acquired Booz & Co. Consultants are in some ways subject to the same pressures to build economies of scale in an increasingly competitive landscape as is the case for their clients.

“Casey Quirk has more than doubled its staff in the past three years and opened offices in Hong Kong and New York. Joining Deloitte is an optimal choice to help us maintain our tremendous growth,” said Yariv Itah, managing partner, Casey Quirk.

The acquired firm was formed in 2002; it operates from Darien, Connecticut, Hong Kong and New York. It says it serves most of the world’s 50 largest asset management firms.