SAS, the market leader in enterprise intelligence software and services, has announced the appointment of Bart Patrick as the new head of its UK Risk Intelligence team. The appointment strengthens SAS’ drive to maintain and build on its leading position in the UK risk market.
After a period of managing SAS UK’s risk marketing strategy, Patrick will now be responsible for continuing the push of SAS’ portfolio of risk solutions into a range of industry sectors to gain competitive market share. SAS UK aims to strengthen its foothold in the financial markets by leveraging further its leading analytical technologies, whilst driving growth in other sectors, such as insurance and telecommunications.
Commenting on his new role, Patrick said: “After this year’s turmoil in the financial markets, the imperative to employ the best technologies possible in managing business risk has never been so vital. Our job in the Risk Intelligence team is to bring SAS’ solutions into those businesses currently floundering under the weight of regulatory pressures and the pressure to understand the levels of risk they run across the business. SAS helps businesses control their entire risk process and manage their risk strategically – protecting them from disastrous outcomes”
Prior to SAS, Patrick held a number of high-profile roles, including the global product manager position at SunGard and Senior Consultant at CSC.
SAS maintains a leading position within the risk software market. Its complete risk capability in Basel II, stress testing, fraud, credit risk, operational risk and anti-money laundering has placed SAS in the leadership positions of analyst rankings by Gartner, Chartis and Waters. SAS has recently been selected as the winner of the Enterprise Risk Management and Operational Risk Management categories in the Leaders in Innovation Awards 2007, from Financial-I magazine and in October 2007, was ranked first in the “core risk technology” category in Chartis Research’s RiskTech 100 report . SAS Risk Intelligence was also selected by Risk magazine, a leading global financial risk management publication, as its 2007 software product of the year.