FRSGlobal expands global team as increasing demand for risk and regulatory solutions is expected

19 December 2008

FRSGlobal, the only global provider of risk and regulatory compliance solutions with coverage for over 30 countries on a unified platform, today announced the appointment of Mark Piper as Vice President Sales for UK, Ireland & South Africa, Simon Shaw as Sales Manager for UK & Ireland and John O’Dwyer as Sales Executive in the US.

Mark Piper has over 25 years’ experience working within the UK Financial Services industry, including 10 years at Kleinwort Benson managing and developing the group’s Limit and Exposure and Capital Adequacy management policies and systems. Prior to joining Kleinwort Benson, Mark worked at several leading risk and finance vendors, including Algorithmics, STB Systems and Financial Architects.

Simon Shaw has worked in software sales for 20 years for companies including Informix, Ilog and Hyperion in roles focused on providing Return on Investment to the Business and Technical users across retail and investment banks. His role as Sales Manager for UK & Ireland for FRSGlobal will draw on his expertise and bring commercial experience and strategic account management to the organisation.

John O’Dwyer joins FRSGlobal with 10 years' experience in software and solution sales in the New York/North East Financial Services market. While at Sybase John concentrated on the investment banking community and spent five years providing compliance information and software around Policy & Procedure Management, regulatory updates and AML (anti money laundering) to the New York financial market.

Commenting on the hires, Steve Husk, CEO of FRSGlobal, said:

"We welcome Mark, Simon and John on board at a time when the complexities and dynamic nature of the regulatory environment offer unique opportunities for growth. As the market looks to recover from the tough economic conditions, regulators and regulations are going to play an even greater role in shaping the financial industry. Such hires, and our acquisitions of IRIS and Secam+, reflect the confidence we have in our products and the buoyant outlook we have for the year ahead.

"The move in bringing risk and regulation closer together, as most recently evidenced by the FSA’s paper on strengthening liquidity standards, demands a specific understanding of the domain – and this has been reflected in the choice of appointments."

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