Broadstone has agreed to acquire governance, risk and consultancy services provider Rockstead.
Broadstone said the acquisition expands its existing capabilities, adding actuarial and analytical services across areas including due diligence, loan book analysis, underwriting, servicer oversight and compliance within regulated financial services markets.
The transaction is intended to enhance Broadstone’s Banking & Credit Advisory division, which provides credit risk, data analytics and modelling services and was expanded through the acquisition of Vestigo in 2024.
Broadstone also said the deal increases the scale of its advisory offering and adds a client base that includes both UK and international banks, as well as specialist lenders.
Rockstead’s clients include investment and retail banks, hedge funds, building societies, private equity firms, non-bank lenders, funders, originators, investors, asset managers, and insurance and pension providers. Its work spans sectors including residential, later life and commercial mortgages, as well as bridging, development, motor, consumer and asset finance, in addition to buy now, pay later and credit cards.
Broadstone chief executive officer Tony Gusmao says: “Our Banking & Credit Advisory business is growing rapidly as we build an excellent team to help banks and investors make stronger, data-driven lending decisions. The acquisition of Rockstead builds on this momentum by bringing a blue-chip client base, global scale and an experienced leadership team that complements our existing capabilities. It adds to our strong confidence in this strategically important industry offering, as we look to fulfil our ambitious growth potential.”
Rockstead executive chairman Brian Pitt says: “As one of the founders of Rockstead, it has been a pleasure to lead our growth over the past two decades, becoming the longest running specialist supplier of risk consultancy and management services to regulated financial services markets. Broadstone is a natural home for our business as we look to scale up our services and help our clients face the future with the very best experience and expertise.”
Rockstead chief executive officer John Barbour says: “We are delighted to join Broadstone at a critical time in our growth trajectory, as demand grows for a trusted and independent partner. We see a strong cultural alignment with Broadstone and share their dedication to providing a high-quality and truly independent service to support and empower customers. By joining forces we can leverage our shared expertise and experience to help our clients navigate a complex and nuanced value chain.”