ALaS Consulting LLC (“ALaS”) and Xcitek Consulting Services (“XCS”) agreed to unify their offering through ALaS’ acquisition of XCS, announced Erik DiGiacomo, President of ALaS Consulting. The two firms bring complementary skills and talent to their global financial services clients. The acquisition fits ALaS strategy of “owning” the areas in which it practices and expands its reach beyond its New York stronghold.
“ALaS is a super fit for XCS and does a nice job marrying subject matter expertise in many core areas of the business while providing us the opportunity to expand upon the capabilities that we’ve offered our clients for many years.” says Lenny Scola, Managing Partner of XCS.
XCS and its experienced management team are established players in securities operations with an extensive network throughout the “Wall Street” community, both inside and outside the tri-state region. ALaS, with the addition of XCS, gains access to a wider pool of professional contacts and resources.
Collaboration and a commitment to delivering excellence for their clients are cornerstones of both firms and combining the subject matter expertise with the industry relationships will benefit ALaS’ clients as they navigate the dynamic global financial markets.
“Xcitek Consulting Services is a known player in the industry and a firm many seasoned operations professionals rely on to provide high quality talent and skills. We are pleased that Lenny and his experienced team, including Michael O’Neill and Ken Scholl, will be joining the ALaS family,” said Erik DiGiacomo. “First quarter is shaping up to be active and we are enthusiastic about connecting with clients to share our story with them.”
The new firm will be known as ALaS Consulting LLC and the management team from XCS will remain in leadership roles to help guide clients and the newly combined firm into 2011.
About ALaS Consulting
ALaS provides professional services consulting throughout the diverse financial services community. ALaS’ advisory practices include: Strategy and Business Development; Sales, Trading and Product Control; Compliance and Regulatory; Operations Process Improvement; Finance Process Improvement; and Strategic Technology. Firm-wide, ALaS is organized to address and resolve the critical business issues faced by global capital markets firms, investment and retail banks, broker-dealers, wealth management and alternative investment companies as well as the vendors that serve them.
ALaS, with headquarters in New York City, is consistently recognized by the Inc 5000 since 2008 as one of most rapidly growing US firms.