HPX Group Acquires Specialist Financial Services Compliance Firm, QRC Consulting

HPX Group is delighted to announce that it has acquired specialist financial services compliance firm, QRC Consulting (QRC), with the business joining HPX Group’s leading compliance business, Source Compliance.  Source Compliance delivers inhouse-style outsourced compliance management services to business in regulated industries, with a particular focus on the financial services sector.

Operating since early 2007, QRC provides quality assurance, risk management and compliance services to a variety of boutique and brand-name financial services clients across Australia.

QRC will join HPX Group from 1 November 2022 as part of the Source Compliance team, further broadening and deepening the Group’s compliance expertise across Australia.

Nick Humphrey, Chairman of HPX Group said: “We are delighted to welcome the QRC team to our Group. The business strategically aligns with our existing compliance service offering, and further bolsters our capabilities to deliver leading compliance services across Australia. We are focused on evolving the delivery model for professional services across legal, governance, risk and compliance, and the addition of QRC deepens our compliance expertise significantly”.

Jenny Mulders, Director and Founder of QRC said: ”We are excited to be joining HPX Group and are looking forward to growing the delivery of high-quality compliance services to the financial services industry. HPX Group’s focus on exceptional service and tailored solutions aligns well with our values”.

HPX Group has continued to grow, with total staff numbers across the Group now 240, including QRC. HPX Group has been recognised by the Australian Financial Review as the 5th fastest growing company in Australia generating $25 million or more of revenue in FY21. HPX Group brings to market a powerful combination of Source with its innovative delivery model and full service corporate and commercial law firm, Hamilton Locke to provide a unified offering of professional services across legal, governance, risk and compliance, tailored to client needs.