Edward Dumas, head of risk solutions in North America at DST Global Solutions, will be heading up the risk consulting services team. The risk consulting services team is composed of professionals with experience as risk management practitioners.

Some of the services offered by risk consulting include: development of risk management policies, procedures and management action triggers; writing and distribution of policies and procedures; creation of methodologies for risk measurement, including market risk, liquidity risk, credit risk, counterparty contingent credit exposure, collateral management, risk-adjusted business unit performance measurement and product valuation; technical guidance; conducting of stress tests and scenario analyses; and technical and non-technical training covering risk governance, risk metrics, products, pricing and valuation.

Mr Dumas said: “Due to recent market events, risk management is now one of the top priorities for boards and executives. Companies are beginning to invest in technology and infrastructure to better support the risk management function. We have experienced this trend from the interest expressed by several investment management firms in our Askari risk management solution.

“We have therefore expanded our risk solutions to include a comprehensive offering of risk consulting services that will help companies to identify and manage their investment risks and exposures. We feel that this initiative demonstrates our commitment to meeting our clients’ growing risk management needs.”

Jill Douglas, global head of risk at DST Global Solutions, said: “Our holistic approach in the consulting services we offer for risk is aimed at aligning investment strategies with risk appetite, as well as developing integrated risk solutions that address enterprise-wide risk management. We are delighted to be able to include this new offering to complement our existing range of consulting services.”

DST Global Solutions is a provider of technology solutions for financial institutions, utilities, telcos and communications.