Percentile, provider of technology and risk management solutions, has made three new appointments to its growing team, namely John Barker, Brian Miranda, and Lavinia Constantin, per a company report.
John Barker has been added as the group’s Non-Executive Director and Advisor to the Board, with Brian Miranda being named as Percentile’s newest Sales Director, and Lavinia Constantin as a Product Manager. The collective goal of the hires will be to help support and develop Percentile’s growing customer base.
In addition, Percentile’ team expansion is also fueled by bourgeoning demand from both buy-side and sell-side for regulation technology, including compliance with regulatory and internal stress testing requirements as stipulated under the Fundamental Review of the Trading Book (FRTB) rules.
Another point of emphasis for the group and its solutions is the upcoming passage of MiFID II, which ultimately transfers the focus towards the buy-side. As such, the repercussions of the legislation will be hedge funds and asset managers to taking more ownership of their risk management in house, necessitating increasingly sophisticated tools to manage and improve the transparency of internal risk governance procedures.
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Trifecta of Hires
In his new role as a Non-Executive Director at Percentile, Mr. Barker will be advising the group on business development, corporate strategy and growth. He joins the group after a lengthy tenure at Liquidnet and Instinet Europe, along with three decades of experience in capital markets.
By extension, Mr. Miranda will join Percentile as a Sales Director, helping manage Percentile’s sales and business developments efforts across Europe, North America, and Asia. He joins Percentile from Imagine Software, having also worked at Dow Jones Telerate, eBRIDGE, Reuters, and Thomson Financial.
Finally, Lavinia Constantin joins as a Product Manager with multiple years of experience as a risk analyst at various City firms including City Index and Peel Hunt the mid-cap broker and trading house. In her new role she will be tasked with client and user relationships, whilst reporting to Anthony Pereira, Percentile’s Chief Executive Officer (CEO) in London.
According to Mr. Barker, in a recent statement on the appointment and duties: “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.”
“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.
“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,” explained Mr. Pereira, CEO of Percentile, in an accompanying statement.