Davies, which specialises in specialist professional services, such as QA and software testing infrastructure, said Amber Wilkinson will take over from Tony Debiase.
She will report directly to Group CEO Dan Saulter, as well as join the firm’s group executive committee.
Wilkinson comes from outside the tech consultancy space, joining Davies from global law firm DLA Piper, where she had served as CFO since 2021.
Prior to DLA Piper, Amber spent more than a decade at insurance giant AXA in a range of senior roles, including CFO of AXA Health, CFO of Bluefin Insurance, and Head of Mergers and Acquisitions for AXA UK & Ireland.
A Chartered Accountant, Wilkinson trained at PwC in London spending time in the firm’s audit and corporate finance practices.
Refinancing and new credit
Davies’ CFO appointment comes on the back of the firm announcing a £1.5 billion refinance of its senior debt facilities, reducing its annual interest bill and extending maturities to 2031 as well as securing a new credit line to support its M&A, technology and AI strategy, the firm shared with QA Financial in an email.
Commenting on her new job, Wilkinson set out her priorities in the near and mid-term.
“At what is a pivotal time, the business seeks to further internationalise, and invest in technology and client service. Davies has delivered impressive growth over the past decade,” she stated.
Saulter called Davies “simply a great fit”, singling out her experience in international business, professional services, insurance, and M&A.
In the past ten years Davies managed to swell its revenues 25-fold. At present, it employs around 8,500 staff in just over 20 countries, with its main operational hubs the UK and US.
The business delivers professional services and technology solutions across the insurance and financial services sectors.
Davies’ investors are $40 billion investment firm BC Partners, California-based HGGC, AIMCo and Davies’ employees following BC Partners majority investment in March 2021, HGGC’s investment in January 2017 and AIMCo’s investment in January 2019.
The number of takeovers the company made in the last eight years is dazzling, as it included the acquisitions of Ambant, ServiceTick, TLSS, Ember, Veriphy, TMS, GBB, Banwells, Frontier, FWD, ASC, Codebase8, BMTS, NPA, Littleton, Grovelands, IAS, Asta, IRS, Sionic, Merlinos, BVS, Worksmart, ProAdjust and Afirm, among others.
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