Percentile, providers of technology for risk management and regulatory compliance, today announced the appointment of John Barker as Non-Executive Director and Advisor to the Board, Brian Miranda, as Sales Director, and Lavinia Constantin, as Product Manager to support Percentile’s growing customer base.
The team expansion reflects increasing demand from both buy-side and sell-side for RegTech and, more specifically, for technology that provides a firm-wide view of risk exposures and enables compliance with regulatory and internal stress testing requirements under the Fundamental Review of the Trading Book (FRTB) rules.
Furthermore, MiFID II shifts the focus towards the buy-side, expecting hedge funds and asset managers to take more ownership of their risk management in house, demanding increasingly sophisticated tools to manage and improve the transparency of internal risk governance procedures.
As Non-Executive Director, John Barker advises Percentile's Board on business development, corporate strategy and growth. With a background at Liquidnet and Instinet Europe, John’s 30 years of experience in capital markets bring invaluable expertise and a first-hand understanding of the need for solid board level visibility of risk for corporate governance in banks.
Brian Miranda has been appointed Sales Director, leading Percentile’s sales and business developments efforts across Europe, North America and Asia. Brian joins Percentile from Imagine Software, a leading real-time risk and portfolio management service providers for the buy-side. Prior to joining Percentile, Brian has led teams focused on selling technology and risk solutions to both buy-side and sell-side financial institutions, including during his time at Dow Jones Telerate, eBRIDGE, Reuters and Thomson Financial; he reports to Anthony Pereira, CEO.
Lavinia Constantin is a qualified Financial Risk Manager with several years of experience as a risk analyst at various City firms including City Index and Peel Hunt the mid-cap broker and trading house. She joined Percentile as Product Manager in charge of client and user relationships, reporting into Anthony Pereira, CEO.
Percentile is an early-stage company providing Risk Management and Regulatory Compliance software to financial markets, founded by experts who have spent the last ten years building and deploying risk technology in the global investment banking world. Percentile’s RiskMine risk platform delivers firm-wide Risk Management and Risk Compliance in line with Basel II, III, BCBS 239, FRTB and on-going regulatory stress tests. Percentile is a founding member of Innovate Finance and has won the first FinTech ‘Tech Trailblazer’ Award for their RiskMine platform in 2014.
John Barker, Non-Executive Director, said: “There has never been more pressure on buy-side and sell-side firms to deliver a comprehensive approach to risk aggregation and stress testing, to reduce systemic risk and improve the stability of the financial markets. Furthermore, it has become evident that the right risk management technology not only helps firms comply with Basel, MiFID II and FRTB requirements, but ultimately helps them optimise their capital, improve performance and have a positive impact on their bottom line.
He added: “I am delighted to join Percentile’s advisory board. I have been very impressed with Percentile’s growth since launch, the capabilities of the RiskMine platform and the expertise of the team. I look forward to working with them in the future.”
Brian Miranda, Director of Sales, added: "I'm delighted to join Percentile at such an exciting time. In my experience, risk professionals have been largely under-served by the vendor community and often exist in a world of opaque data or unnecessary time spent managing data or unreconcilable risk outputs. I believe Percentile solves this problem. Our modular platform RiskMine enables risk professionals to automate complex processes and achieve a firm-wide view of risk exposure”.
Anthony Pereira, CEO of Percentile, said: “We are very excited to welcome John, Brian and Lavinia to our highly experienced team. We have seen increasing demand for our RiskMine platform, which enables a firm-wide view of risk exposure in line with Basel III and ongoing stress testing requirements. In addition, due to the MiFID II focus on buy-side firms to have more sophisticated risk management capabilities in house, we believe that our RiskMine platform will provide hedge funds’ risk officers with the right tools not only towards understanding firm-wide risk exposure but also regulatory compliance. With these latest appointments we believe we are even better placed to support our growing customer base and achieve our corporate growth ambitions.”
Percentile Limited is a London based provider of technology for risk management and regulatory compliance to the financial markets. Percentile’s flagship product, RiskMine, provides risk data cleansing, on-demand multi-asset stress testing and aggregation for firm-wide risk exposures and is designed to be modular and scalable to address current and future regulatory requirements. The platform is the result of over a decade of innovation within an investment bank and used by risk officers, finance and trading desks at firms including investment banks, brokers and hedge funds. Devised to address the daily challenges faced by risk professionals, Percentile’s technology is quick to integrate into any existing systems, boosting the performance of risk calculations and providing consistent, centralised and aggregated risk exposures. Percentile provides both in-house and hosted solutions.