BCS Expands Management Consultancy Arm with Appointment of Asset Management Specialist

26 January 2009

Business Control Solutions (AIM: BCT.L), provider of management consultancy services and operational control software to the financial services industry, today announced that it has appointed Trevor Taylor, marking the next stage in the development of its asset management business. Taylor, who brings 28 years experience in financial services management to BCS, will be responsible for driving new business and providing advisory services to BCS's buy-side clients.

Trevor Taylor, client director, asset management, at BCS said: "BCS is highly regarded for delivering fast-track solutions to complex problems, so I'm pleased to be onboard. The asset management industry is undergoing a period of unprecedented change that represents strong opportunities for our management consultancy services. 2009 will see many firms reviewing their businesses to optimise profit in the short term, which will involve building business models that concentrate efforts on risk management, improved investor services and operational optimisation. To effectively implement positive transformations and remain competitive, firms will need to ensure their strategies are robust in the new real economy."

Prior to joining BCS, Taylor was head of business development and head of client coverage at Santander Global Banking & Markets. In this role, he led and managed the business development team, which spanned the UK, Germany, the Nordics and the UAE. He was responsible for life assurance and asset management client coverage, as well as increasing business in this space.

Previously, he was head of business development at Morley Fund Management, covering both retail and institutional clients. Previously, Taylor ran his own management consultancy firm, where he played an advisory role to the fund management industry, including work in middle and back office operations. He also worked as a consultant on product development and distribution projects for retail financial services products.

Earlier in his career, Taylor was director of operations and marketing for the UK and Luxembourg businesses of administration services firm, International Financial Data Services. He has also worked as an IT consultant for Coopers & Lybrand, as a product development project manager for NPI, and as a business analyst in manufacturing and production.

Nigel Walder, CEO of BCS, commented: "Trevor Taylor brings a wealth of asset management experience to BCS, which will be invaluable in expanding our business in this market. His appointment - coupled with our deep business domain expertise - means we are well placed to deliver beneficial services to asset management firms as they adjust to new market conditions."

BCS envisages changes in the business models of asset management firms that will include implementing more flexible cost structures, consolidating fund ranges and extending client services. Additionally, the changing regulatory environment will see many firms having to comply with new FSA requirements and prepare for the introduction of UCITS IV.

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