Damian Handzy Opalesque Industry Update - Investor Analytics LLC (IA), a risk analysis and risk management solutions firm, announced the appointment of Brett Promisel as Head of Service Delivery. Mr. Promisels hire comes with IAs continued growth in assets under analysis, which have now passed the USD 250 billion mark.
Mr. Promisel joins Investor Analytics from UBS AG Investment Bank, New York where he was Executive Director, Global Head of Collateral and Treasury Operations Change from 2007 2011. A seasoned professional with over 19 years experience, Mr. Promisel was responsible for process and technology improvements at UBS and for driving large-scale Investment Bank strategic initiatives with a focus on improved client service. Prior to UBS, Mr. Promisel managed North American Client Services at Algorithmics, Inc. in New York.
Mr. Promisel will be responsible for overseeing the Client Services and Operations groups at Investor Analytics. In his role, Mr. Promisels chief responsibilities will include ensuring IAs operational processes remain highly efficient and that clients continue receiving world-class service as the firm follows its aggressive growth trajectory.
Mr. Promisel will report to Damian Handzy, Chairman and CEO of Investor Analytics, who said, "We are delighted to have Brett join our firm. IA continues to invest in our people, modeling capabilities, technology and advanced product offering to better serve our clients. Bretts outstanding background and track record will translate into superior operations management and an overall improved client experience.
Brett Promisel added, I am delighted to join IAs team of innovative professionals and to help drive the continued growth of this global risk management leader. As risk continues to dominate the financial sector and hedge funds in particular, IA is uniquely positioned to offer intuitive and relevant risk management services to benefit all our clients.
In the previous twelve months, IAs client base has more than doubled. Client breakdown includes: hedge funds, fund of hedge funds, money market funds, financial institutions, pension funds and endowments. Over 50% of IAs USD 250 billion of assets under analysis come from single hedge fund managers and fund of hedge funds which can be attributed to IAs award winning Risk Transparency platform, highly regarded client services, and customers need for intuitive, robust and usable risk tools.
Increasingly, the trend among fund managers and investors has been to partner with third-party risk management specialists who provide an independent assessment of a funds risk profile to enable a portfolio manager to safeguard their investments.
In 2009, IA jointly announced their strategic alliance with BNY Mellon to provide enterprisewide risk management and reporting and has written numerous whitepapers on risk management. Investor Analytics has received several accolades in the past year for excellence in Risk Management and Compliance from leading financial publications including Risk Magazine, HFMWeek and global media and research organization FSO Knowledge Xchange. Last quarter, Investor Analytics announced the opening of their London office with David Fletcher to lead European efforts.