ACA Group appoints Olson as CEO

Governance, risk and compliance adviser ACA Group has appointed former BlackRock senior executive Patrick Olson as chief executive.

He replaces Shvetank Shah, who has served as CEO since January 2020 and will retain links with the company as senior adviser.

Patrick Olson indicates that global trends in outsourcing and GRC have allowed ACA to establish itself as a leading provider of GRC solutions to the financial services industry. “GRC at this level is not only about compliance but also about driving operational excellence for clients,” he says.

Backed financially by private equity company Genstar Capital, ACA’s services include end-to-end regulatory compliance, performance and distribution solutions, along with cybersecurity and ESG advisory.

The company indicates that it supports more than 6000 clients worldwide, including private equity, hedge funds and traditional asset managers, wealth managers and other financial institutions.

Genstar Capital’s Sid Ramakrishnan and Tony Salewski comment: “ACA has grown significantly over the last 20 years to become the trusted provider of GRC solutions to financial services firms.

“We are grateful for Shvetank’s contributions over the last three years to create a solid foundation that sets ACA up for future success. Patrick’s leadership experience – underpinned by a deep understanding of client focus, product execution, and operating at global scale – will drive growth and innovation at ACA.”