Financial Risk Solutions makes key appointments 13 August 2018Dublin Reporter: Becky Butcher
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Financial Risk Solutions has appointed Matthew Baldwin (pictured) as managing director in Asia as well as hiring Fre?deric Simon as Europe, the Middle East and Africa (EMEA) head of sales, based in London and Niall McDonagh as financial controller, based in Dublin.
Baldwin relocated from London to Hong Kong late last year to oversee the opening of a new office in Kuala Lumpur and in Hong Kong.
According to Financial Risk Solutions, the company is now well placed to capitalise on growth in the region.
Commenting on his move, Baldwin said: “Many life insurers in Asia still have a heavy reliance on spreadsheets and manual processing for their unit-linked fund administration needs. With the high growth rates and premiums written this needs to be automated. Our Invest|ProTM fund administration software includes trade order management, unit pricing and oversight modules with a specific focus on Asian market requirements.”
On the European side of the business, Simon joins the business with 20 years of experience in the fintech industry. Previously, he has served as firms including FIS, Cetrel Securities Deutsche Borse and Cloud Margin.
Simon said: “I’m delighted to be joining the Financial Risk Solutions team at this exciting time of growth for the business. [The company] has quickly become a dominant European and the Middle Eastern unit pricing software provider and with the evolving regulatory landscape in Europe, there is a strong appetite for specialist providers of The Packaged Retail and Insurance-based Investment Products Regulation/KID solutions in both the funds and life and pensions industry.”
Finally, McDonagh joins the Dublin office as financial controller, reporting directly to the CFO.
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