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Asset Control named as number one Risk data repository and data management vendor

Risk Magazine’s readers vote for Asset Control as part of the Risk Technology Rankings 2013

Asset Control, the worldwide supplier of high-performance financial data management systems, is pleased to announce that it has been voted as the top Risk data repository and data management vendor in this year’s prestigious Risk Technology Rankings.

Risk polled thousands of banks, hedge funds, pension funds, insurance companies and corporate treasurers for this year’s technology rankings. Respondents were asked to vote for the technology vendors that provide the best product offering across a number of categories, including enterprise risk management, risk capital calculation, trading systems, and pricing and analytics. Participants were then asked to base their votes on functionality, usability, performance, return on investment and reliability. Asset Control earned the top ranking in the data category: Risk data management and data repository.

Richard Petti, CEO, Asset Control said, “We are delighted that our clients have recognized the hard work we have put into making the product more relevant for risk management. As they stand, upcoming regulations on both sides of the Atlantic will put a premium on the data used to report risks and overall exposure as well as running stress tests. With these regulations coming into effect, banks are focusing on their data management as a key element in the risk framework. We will continue to strive to become a more integral part of risk management operations at major financial institutions. ”

2013 ended positively for Asset Control. In August, Marlin Equity Partners acquired the firm and in October, Asset Control appointed Richard Petti as its new CEO.