Citihub Digital Has Been Acquired by Synechron

Citihub Digital Has Been Acquired by Synechron

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Citihub Digital Has Been Acquired by Synechron

Citihub Digital Has Been Acquired by Synechron

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Joining Forces!

Taking Digital to the Next Level

Monday, October 26, 2020 – London, New York, Toronto and Hong Kong

We are delighted to announce that Citihub Digital has been acquired by Synechron, Inc., a New York-based leading Digital Transformation consulting firm for the financial services industry.

The combination of Synechron’s innovation-led digital transformation work and Citihub Digital’s strong capabilities in application modernization, cloud enablement, cybersecurity and operating model transformation will lead to continued growth for both companies specifically in key financial markets across Europe, North America and Asia Pacific.

Post-acquisition, the firms will service many of the biggest logos in financial services including 9 of the top 10 global banks and will present clients with a comprehensive set of digital transformation capabilities. With Citihub Digital’s strong footprint in London and New York, this acquisition supports Synechron’s regional growth strategy to continue a focused expansion in these key financial markets and provide Citihub’s clients with an enhanced global delivery model and the ability to scale projects quickly.

Citihub Digital Co-founder and Managing Director Chris Allison said, “We are thrilled to be joining Synechron and excited by what that means for our clients and employees. I’ve been really impressed with the investments they have made in Financial Innovation Labs (FinLabs) across key financial markets, their R&D efforts and their award-winning Digital Accelerators to lead the industry in areas like AI, Data Science, RegTech, InsurTech, WealthTech and Blockchain. Together, we have a really strong portfolio of capabilities and solutions, from AI to cloud compliance.”

Synechron Co-founder and CEO Faisal Husain said, “This acquisition continues to build on our depth of expertise in Digital Transformation consulting for financial services and insurance firms. We are pleased to have the talented individuals at Citihub Digital across the globe join us in assisting clients in accelerating their digital transformation initiatives. Together, we bring an enhanced toolkit for tackling today’s real-world and most pressing business challenges.”

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About Synechron

Synechron is a leading Digital Transformation consulting firm for financial services, Accelerating Digital initiatives for banks, asset managers, and insurance companies around the world. We deliver strategic solutions for our clients by providing a unique end-to-end delivery capability that combines digital, business consulting, and technology expertise. Based in New York, our company has 18 offices around the globe, with over 8,000 employees producing over $550+M in annual revenue. For more information, please visit www.synechron.com or join the Synechron community at their LinkedIn homepage.

About Citihub Digital

Citihub Digital is a technical consultancy focused on application modernization, cloud enablement, cyber security and operating model transformation for the financial services industry. Headquartered in the UK, we have offices in New York, Toronto and Hong Kong with a core client set of Tier-1 banks. Our consultants specialize in bringing together business domains and technical topics which require knowledge across multiple functions such as strategy, application development, infrastructure, regulation and security (e.g., continuous compliance for cloud).

Citihub has been featured in four separate Sunday Times Fast Track award rankings as one of the fastest growing UK private firms; won specialist consultancy awards in 2017 and 2018; and has been recognized by the Financial Times from 2018 to 2020 as one of the UK’s leading management consultancies.

 

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