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Financial services strategy consulting

Innovation is key to solving the tough challenges facing the financial services market today. Consolidation, shifting customer dynamics, sustainability needs and new digital capabilities are just some of the areas that demand attention now. EY-Parthenon financial services strategy consulting teams provide personal, actionable and transformative plans to help drive value-packed solutions.

Related topics Financial Services Ecosystems in Financial services Strategy and Transactions Strategy by EY-Parthenon CEO agenda

The team

Aaron Byrne

Aaron Byrne

EY-Parthenon Financial Services Leader

Andre Veissid

Andre Veissid

Partner, Ernst & Young LLP; EY-Parthenon Americas and Wealth and Asset Management Strategy and Transactions Leader

Case Study
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How the last financial crisis has driven improved resilience of banks

Banking insolvencies during the 2008 financial crisis highlighted areas that needed strengthening in the wider banking regulatory framework. Learn more.

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How can a long-term strategy stabilize a short-term crisis?

Experience navigating insolvencies during the financial crisis can inform the response to future shocks.

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Rebuilding trust requires attention to detail

Improving operational efficiency is key to recovering from a crisis – and can reveal more effective long-term solutions.

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Building a more robust banking system through crisis

Lessons learned on operational and financial resilience could help banks weather the COVID-19 pandemic.

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What EY-Parthenon financial services strategy consulting teams can do for you

As the financial services industry transforms, EY-Parthenon financial service strategists see a unique opportunity to reset organizations for future success.

With global megatrends driving the changes, from climate change, the rise of Gen Z and tech innovation, we help design and deliver transformation strategies that work in the real world.

EY-Parthenon financial services strategy teams help financial services clients answer some of their toughest questions:

  • How do I pivot my business models through consolidation/direct models?
  • How do I adopt a digital asset strategy that provides the best chance to compete in the market?
  • How can I scale my (digital) business?
  • How can I expand my ecosystem?
  • How can I identify and manage strategic partnerships?
  • How can I align my ESG and business strategies to create long-term value?

With an eye toward competitive advantage, we support and unlock new value for clients through rigorous analysis, strategic advice and thorough implementation.

Our breadth of expertise and worldwide reach positions us to address key themes across the financial services industry, including long-term value creation, digital asset strategies, embedded finance, ecosystem-based models and sector convergence. As each sector has its unique challenges, EY-Parthenon financial services strategy teams have experienced professionals with specific expertise in:

  • Banking and capital markets

    This sector is undergoing a transformation — consolidation, the entrance of new, unregulated competitors, the influence of digitization and fintech on the lending market, cryptocurrencies, blockchain and the increased importance of sustainable finance. 

    Armed with deep market knowledge, future intelligence and proprietary tools, we help clients identify, select and onboard new partners, develop new digital assets, improve customer interaction and satisfaction, help in delivering value-added services for small and medium enterprises (SMEs), provide data-focused sales initiatives and find innovative ways to make sustainability a doable company priority. We even have developed a diagnostic assessment tool specifically for environment, sustainability and governance (ESG).

    Learn more

  • Wealth and asset management

    “Change” is the key word in this sector as well. Consolidation of companies to gain market share and reach more high-net-worth individuals is on the rise. New product types (e.g., digital assets, ESG) are becoming increasingly popular with clients especially as sustainability grows in importance. Alternative asset managers, who experience minimal government oversight on their unique value propositions (e.g., cryptocurrency investments), are also disrupting traditional firms.

    EY-Parthenon strategists advise clients on all of these changes. We help clients add value through potential partnership identification, deal-making and onboarding. We work with traditional banks and capital market players to develop new product investment strategies. We help improve customer service through new operations innovations.

  • Insurance

    Currently enjoying a windfall as a result of the pandemic, insurers must now reconfigure their products due to trends such as ESG. As regulations change, less profitable annuity assets are being divested. Convergence between sub-sectors is occurring as insurance moves into the asset management space.

    EY-Parthenon’s quarterly M&A market update is just one example of our deep sector knowledge. We advise our clients on potential strategic partnerships as well as smart divestitures. We also help clients rethink insurance business models as new priorities (e.g., environment and sustainability) become increasingly important and underwriting concerns change.

EY-Parthenon financial service strategists are here to help. We will work with you to develop and implement a custom strategy for your financial services organization. Whether it’s creating an in-house venture capital arm, shifting your business model or partnering with others for mutual benefit, EY-Parthenon strategists will assist you through the entire process.

Change is an opportunity for growth. EY-Parthenon financial services strategy consulting teams can help your company envision a better future and help make it a reality.

Explore EY-Parthenon solutions and technology 

How EY-Parthenon can help

Strategy consulting

EY-Parthenon professionals recognize that CEOs and business leaders are tasked with achieving maximum value for their organizations’ stakeholders in this transformative age. We challenge assumptions to design and deliver strategies that help improve profitability and long-term value.

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Corporate and growth strategy

EY-Parthenon teams help develop and deliver strategic opportunities for clients by providing in-depth market, competitor and customer insight — incorporating financial, operational and implementation perspectives across their entire organization.

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Digital M&A framework

From portfolio transformation, mergers and acquisitions (M&A), JVs and alliances to divestments, we help you determine the right strategic course to a digital future and create better value for your businesses. This can be done by implementing our M&A framework.

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Transaction strategy

EY-Parthenon teams can support you with the development, evaluation and end-to-end execution of your transaction strategy. They work with you as you assess and prioritize investment and portfolio optimization opportunities and identify targets to help achieve full potential.

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Restructuring and turnaround strategy

The COVID-19 pandemic will require many organizations to significantly reshape their strategy. The next wave of strategic change must focus on financial and business restructuring or a turnaround strategy that can be implemented with speed and certainty. We provide trusted leadership in urgent, critical and complex situations to transform, create, preserve and recover value.

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Buy and integrate: M&A advisory

We help enable strategic growth through better integrated and operationalized mergers and acquisitions, JVs and alliances. In particular, we help companies refine their growth strategy, perform deal sourcing, conduct diligence and valuation, and implement M&A integration.

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M&A tools: Connected Capital Technologies

EY teams offer a suite of M&A technologies designed to bring deeper analysis and faster insights throughout the transaction lifecycle.

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Sustainability and ESG services

EY teams can help you create long-term sustainability and ESG value through strategy, M&A, capital allocation and portfolio optimization.

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Digital business strategy consulting

EY-Parthenon digital strategy consulting teams design and deliver digital business strategy that helps accelerate business transformation and fuels growth.

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Commercial strategy consulting

EY-Parthenon helps companies realize enterprise growth, improve profitability, and extend customer and shareholder value.

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Contact us for immediate support regarding your business strategy

EY-Parthenon financial services strategy consulting teams can help accelerate your business transformation.