Percentile, a provider of technology for risk management and regulatory compliance, has appointed John Barker as non-executive director and adviser to the board, Brian Miranda as sales director and Lavinia Constantin as product manager.
It says the team expansion reflects increasing demand from both buy-side and sell-side 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.
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, Barker advises Percentile's board on business development, corporate strategy and growth. He previously worked at Liquidnet and Instinet Europe and has 30 years of experience in capital markets.
Miranda will lead Percentile’s sales and business developments efforts across Europe, North America and Asia. He joins Percentile from Imagine Software, a real-time risk and portfolio management service providers for the buy-side. He 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. Miranda reports to Anthony Pereira (pictured), Percentile’s chief executive.
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 will be in charge of client and user relationships, reporting into Pereira.
Barker says: “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.”
Pereira says: “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.”