SCOTTSDALE, Ariz. and AUSTIN, Texas-- Management consulting firms Cornerstone Advisors and Abound Resources said they are joining together to enhance their collective ability to serve banks and credit unions.
According to the two companies, the new, combined firm leverages Cornerstone's strengths in strategy, performance, contract negotiation, technology and research, with Abound's complementary strengths in IT risk, audit risk and vendor management.
"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, president/CEO with Cornerstone Advisors.
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 join Cornerstone's team.