Consultancy Engage Partnership founders Chris Davies and Les Cantlay have split the firm and formed separate businesses.
Davies has now formed a new consulting firm, Engage Insight, which retains the former branding of Engage Partnership. He says the split of the business was amicable and was due to Davies and Cantlay wanting to focus on different areas of the business.
Davies will act as managing director for the firm with former Bluefin head of operations Niraj Vyas joining to become associate director.
The former client base will be split between the new Insight firm and another new firm being established by Cantlay.
Engage Insight is currently in talks with one potential new investor.
Davies says his firm is now also working with a number of bank advice arms which have recently become clients, and says his ambition is to build the firm to around eight to 10 staff.
He says: “Engage Insight is designed to provide creative support for business model change and people development strategies that enable retail financial firms to comply, compete and become truly client-centric in a whole new regulatory and consumer led environment.”