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Catalyst announces record year and new nearshore hub in Lithuania

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Congratulations to investee Catalyst Development Ltd for their record year of growth, and the opening of a new nearshore hub in Lithuania. 

Fast-growing financial services consultancy Catalyst Development Ltd has announced a record year. Between April 2017 and March 2018 [FY18], the company substantially grew its investment base, services, markets, clients, staff and profitability.

Since October 2017, the firm has achieved a record increase in organic growth and client delivery and tripled its staff numbers. Catalyst also acquired Knadel, a market-leading asset and wealth consultancy with an offshore base in Jersey. More recently, the company was named as one of the UK’s top 50 Best WorkplacesTM.  

Today, the firm is announcing the opening of a new nearshore consultancy hub in Vilnius, in partnership with Invest Lithuania, to allow it to further scale its services to clients across all European financial centers.

Andrew Middleton, Catalyst CEO, comments:

“We continue to grow strongly in pursuit of our ambition to be the pre-eminent, independent financial services consultancy in Europe, providing specialism at scale in business, technology and regulatory change.  We now offer a broad range of skills and competencies from a resource pool approaching 150 people.  Our aim is to continue to grow the scope and scale of our resources and deliver effective change and lasting benefits across the full footprint of our multi-national clients.”

Stephen Loosley  Catalyst Managing Director, adds:

“The opening of our new nearshore hub is an important component of our goal to serve all European financial centres in larger, specialist teams and to continue to broaden the skills available to our clients on competitive terms.  Working with Invest Lithuania, we have been able to hire high quality staff from a pool of impressive resources to deliver additional value to our international client base.  This is a strong model we intend to roll out further and we look further to announcing further extensions to our reach and capability in the near future.”