Regulatory and risk management provider Percentile has appointed John Barker as a non-executive director and advisor to the board.
Barker brings 30 years of experience in capital markets and risk management for corporate growth, and will advise the board on business development, corporate strategy and growth.
Percentile has also hired Brian Miranda as a sales director and Lavinia Constantin, as a product manager.
Miranda will lead the sales and business development in Europe, North America and Asia. He joins from Imagine Software, where he was a portfolio management service provider for buy-side clients.
Constantin brings experience of risk analysis, and has held roles at the likes of City Index and Peel Hunt. In her new position, she will be in charge of client and user relationships.
According to Percentile, the new hires are reflective of increasing demand from both the buy and sell side. Specifically, this demand is for solutions offering a view to a firm’s risk exposures, and that allow for compliance with regulatory stress-testing requirements under the Fundamental Review of the Trading Book (FRTB) rules.
Percentile’s RiskMine platform offers risk management and compliance services to help clients to comply with several global regulations, including stress testing.
Barker 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.”
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.”
CEO of Percentile Anthony Pereira said: “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.”
He added: “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.”
