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SAS has launched its new UK Risk Management Practice that builds on a strong track record for
enterprise risk solutions. The new practice, drawing on SAS' 26 years of experience, will focus
on helping organisations in the financial services and energy sectors to identify and understand
their overall exposure to risk and to establish a strong risk position to report to regulators
and stakeholders.
Peyman Mestchian will head up the Risk Management Practice with a team of experts in both the financial services and energy sectors. Mestchian has over 15 years experience in risk management. He is a published thought-leader on risk technology and corporate governance, and was Director of the Business Risk Consulting Practice at Ernst & Young. The new practice will deliver software solutions that address the critical risk needs of organisations. These include Market, Credit and Operational Risk Systems providing best-in-class solutions ranging from data collection and aggregation, risk analysis and reporting. "The single most important obstacle to successful risk management is data. The power of the SAS offering is based on providing an integrated end-to-end solution for managing risk data." said Mestchian, "I have been particularly impressed by the wealth of risk management knowledge in SAS and the experience we have in implementing successful risk management systems for some of the leading organisations in the world." Organisations around the world that use SAS for risk management include Barclays Bank, HBOS, and Unity Trust Bank in the United Kingdom, Australia and New Zealand Banking Group, Banca Nazionale del Lavoro (BNL) in Italy, OKO Bank in Finland and the Generali Group in France, Italy and Germany, Dominion in the United States, as well as Banco Santander in Brazil. "Creating this practice is an important step in our evolution to providing specific industry intelligence solutions," said Phil Bond, chief executive of SAS UK. "SAS UK already has a successful track record in the financial services and energy markets and this focus will enable us to provide further support to our customers." He added, "Our customers are under tremendous pressures from their competitors, regulatory requirements such as Basel II, and global impacts, all of which can be controlled by operational risk management." Join us in London on the 13th May for an Operational Risk Executive Forum where you can hear expert insights on the latest operational risk practices.
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