Capgemini Invent acquires financial services specialist Chappuis Halder

Chappuis Halder, a global strategy and management consulting firm dedicated to the financial services industry, has been acquired by Capgemini Invent.

The agreement provides for the transfer of a team of approximately 150 consultants and employees spread across six offices – Paris, Geneva, New York, Montreal, Singapore and Hong Kong – to Capgemini Invent, the consulting activity of more than one billion from French IT services giant Capgemini.

“With Chappuis Halder, we are further strengthening our ability to deliver end-to-end transformation to clients in the financial services industry,” said Anirban Bose, CEO of Capgemini’s Financial Services business unit.

Founded in 2012, Chappuis Halder initially focused on the Swiss and French market, before becoming an international player. The consultancy works for major banks, insurance companies and wealth managers, specializing in transformation, finance, risk and compliance, and more recently also data science, digitization and sustainability.

Chappuis Halder’s clients include all Swiss private banks, as well as the majority of the largest European banks and insurers. “They have built a reputation as an industry leader,” Bose said, “and their addition will further contribute to our deep financial services expertise, a key requirement for being able to advise and assist our industry clients with their most challenging urgent.

For Capgemini Invent, this is the first operation since the acquisition of Purpose in the United States (2020) and Konexus Consulting in Germany (2019). The business has, however, experienced significant growth since the two transactions, following an internal consolidation within Capgemini which brought Cambridge Consultants and Frog into the business, bringing Capgemini Invent’s workforce to over 10,000 worldwide.

However, as a group, Capgemini has made several acquisitions in the meantime, including VariQ in the US and Empired in Australia. Today, the group listed in Paris for 55 years has more than 340,000 employees in more than 50 countries.

“Chappuis Halder brings a team of highly talented and experienced consultants to Capgemini Invent,” said Cyril Garcia, CEO of Capgemini Invent.

Meanwhile, for Chappuis Halder, the joining of forces will see the firm join a consulting and technology powerhouse. Stéphane Eyraud, CEO of the consultancy, said bringing these two skills together will help his team have more impact. “We can now help clients design, plan and execute their end-to-end transformation journey by leveraging what technology can bring.”

In other notable recent financial services advisory transactions, last year Sionic (350 employees) joined Davieswhile Accenture acquired the French management consulting firm Exton.