SCOTTSDALE, Ariz., and AUSTIN, Texas (5/13/15)--Management consulting firms Cornerstone Advisors and Abound Resources will combine their respective areas of expertise through a merger, the companies announced recently.
The new, combined firm leverages Cornerstone's strengths in strategy, performance, contract negotiation, technology and research and Abound's complementary strengths in information technology risk, audit risk and vendor management. The move also brings industry talent together to help financial institutions align their efforts and outperform their competitors.
"From strategy to execution and risk management, this meshing of capabilities and talent will help more banks and credit unions adopt best practices and thrive in the market," said Scott Sommer, Cornerstone Advisors president/CEO.
As part of the combination, Abound Resources CEO Brad Smith becomes Cornerstone Advisors' managing director of Technology Services and a member of Cornerstone's senior leadership team. Abound team members also will join Cornerstone's growing team.
"Brad's decades of bank consulting experience with both Abound and Deloitte are ideal to lead our growing Technology Services efforts," Sommer said. "And, the Abound team adds fantastic depth to help our clients execute on strategies and further improve results.”