Accuracy opens office in Casablanca, 2nd in Middle East, 15th worldwide

14 February 2018 Consultancy-me.com

Following the opening of locations in Singapore and Dubai, Accuracy has opened the doors of another new office in Casablanca. The global consultancy is expanding its presence across the Middle East and North Africa particularly, as it prepares for a boom in demand across the regions.

Founded in 2004, Accuracy is a privately-held financial advisory firm owned exclusively by its Partners, specialising in valuation services, transaction support, litigation, and arbitration services. The consultancy has a headcount of 370 consultants, 47 of whom are Partners, and since its inception the financial consulting firm has seen sustained growth, triggering an extended period of expansion for the group from its original base in Paris.

In 2011, Accuracy first set foot beyond its native Europe with an office in Canada, and roughly a year later it entered the Asian market through an office in India. Singapore followed suit in the summer of last year, and a newly unveiled Dubai office became the firm’s fifth venture outside of Europe soon after. Now, in 2018, Accuracy has expanded to yet another new frontier.

The new office, in the Moroccan city of Casablanca, will be run by Accuracy Partner Taoufik Lachheb and Manager Aomar Elalamy. The locale is Accuracy’s 15th globally, with the firm boasting a presence in 12 countries across Europe, North America, Asia, Middle East and Africa. As well as opening new offices of their own, Accuracy’s expansion plan has also included a campaign of acquisitions, which saw the firm acquire GTE to enter into the Chinese advisory market.

Accuracy enters North African market with office in Casablanca

The office, which is based in 'Casablanca Finance City', a hub for businesses and startups, is the latest addition to the city’s professional services and financial landscape. The firm will compete with the likes of the Big Four and The Boston Consulting Group – which recently appointed Hamid Maher as Partner and Managing Director in its office in Casablanca – to win clients in both the public and private spheres, advising on corporate strategy / economic policy, transformation projects and digitisation.

Leadership

Prior to joining Accuracy in 2013, Lachheb spent 12 years in the management of large industrial projects in the shipbuilding, nuclear and mining industries. He also worked for the Construction Disputes arm of Navigant. Now, as a Partner at Accuracy, he is mainly involved in major industrial projects, served from the Project Advisory and Disputes practice. Lachheb will head the office alongside Manager Aomar Elamamy, a former Quantitative Analyst at AXA Investment Managers and graduate from the Ecole Centrale Paris who joined the firm in 2014.

Commenting on the new office, Lachheb said that the Francophone synergies between Casablanca and Paris gives the firm a head-start in the region. “We already work in Morocco and various other countries in Africa in areas linked to construction and infrastructure projects. We are now able to work more on banking and insurance issues, thanks to the combined skills of Paris and Casablanca together. We are able to assist players operating in the region across all sectors, in transactional, dispute and decision-making situations, which require a deep understanding of the strategic issues, a complete in-depth analysis and an estimation of financial impacts.”

The Frenchman Frédéric Duponchel, CEO of Accuracy, added; “Our continued growth since our foundation in 2004 and our income of €80 million in 2017 allow us to consider our international development both ambitiously and serenely. A permanent office in Casablanca will enable us to consolidate our relationships with Moroccan groups, serve our clients more easily and deal with even more engagements in both North Africa and Sub-Saharan Africa alike, thanks to Morocco’s role as the veritable hub of francophone Africa.”

Lachheb concluded, "The growth prospects for Accuracy’s operations, linked to the Moroccan state’s ambitious strategy, seem excellent."

Profile

More news on

Global strategy consultancy CVA launches first Middle East office in Dubai

10 April 2019 Consultancy-me.com

The boutique global strategy consultancy Corporate Value Associates has launched an office in Dubai – to be led by 20-year consulting veteran Olivier Staub.

Global strategy consulting firm Corporate Value Associates (CVA) has launched its first Middle East office in Dubai, adding to its existing network of 17 offices across Europe, the US and Asia Pacific. The new office will be led by Olivier Staub, a strategy consulting veteran with over 20 years of international consulting and business development experience – the last 14 of those based out of Dubai.

Established in 1987, CVA has grown to a team of more than 250 advisors worldwide, serving  clients with strategy needs across multiple sectors, including energy & utilities, financial services, mining & materials, TMT, transportation and defence. Recently, the consultancy was named by Decideurs Magazine as among the top strategy consulting firms to the industrials segment in France.

The launch of its first Middle East office is a significant step for CVA, which places a particular emphasis on its global network. “We ensure that learnings from work in one country are quickly disseminated to others – best practices are transferred not just between industry practices, but also across geographies. Global staffing and training guarantee there is one global standard: the CVA standard,” the firm states.Global strategy consultancy CVA launches first Middle East office in DubaiJoined by CVA founder Paul-Andre Rabate and Paris-based partner Carole Ott for its inauguration, Staub will head up the Dubai office after a brief stint at fellow boutique consultancy Emerton, before which he served for four years as a partner with local strategy firm Novo Management Partners. Earlier in his career, Staub spent seven years with Oliver Wyman, and initially started out as a consultant with Deloitte in Paris.

Over the course of his career, Staub has amassed experience in over 20 countries in Europe, the Middle East, Africa and Asia, with functional expertise in corporate and growth strategy, M&A and due diligence, turnaround programmes and programme management, organisational design, and corporate governance among other areas. He also co-founded e-commerce company Neodirect in Paris, serving as its business development director for three years.

Staub joins Sami Grouz in the broader MENA region, who has led the firm’s Casablanca office since the middle of last year, and will be supported in the new UAE venture by Thomas Fabbes, an Oxford graduate in Materials Science who has been with CVA’s London office since September. According to the firm, its junior consultants are ‘hand-picked’ from the only the top universities and schools around the world – with the firm currently in the middle of a recruitment drive.

CVA founder and Managing Partner Paul-Andre Rabate himself received a doctoral degree in Business Economics from Harvard University, joining BCG in 1978 before co-founding strategy consultancy Mars & Company in France the following year prior to establishing CVA. “CVA has always been a global boutique and this new office opens the door to exciting challenges in the Middle-East,” the firm stated on LinkedIn. “Olivier, we wish you the best of luck in this central region.”