NEWSFLASH  Friday, 9th December 2011

Specialist Management Consultancy Aerice Augments Risk Capabilities - with Appointment of Dan Geoghegan as Global Head of Risk & Compliance

Specialist London-based management consultancy Aerice announces the appointment of Dan Geoghegan as its new Global Head of Risk & Compliance. This moves further extends Aerice’s specialisation in risk and compliance-based consultancy, complementing its existing Business and IT Transformation offerings. Dan has over 13 years’ dedicated risk management experience, joining Aerice from Deutsche Bank, where he was previously working in the Risk Chief Operating Office and also as Global Head of Market Risk Operations.

Aerice director Stuart Owers comments: “Efficient risk management is a critical issue for every financial institution, and there are many factors that make implementation especially challenging at the current time – from the increased amount of regulation and government interaction they are facing, to the increased amounts of operational risk in the marketplace. Implementing the right solution is fundamental to ensuring long-term sustainability – with the costs of adopting a short-term fix representing simply too high a risk. Dan’s expertise perfectly complements our long-standing track record for high profile risk and compliance projects. We are delighted to welcome him in to the Aerice team, enabling us to fulfil the high demand for expert risk services.” Aerice’s holistic risk framework and change management focus covers all the key areas, across Credit Risk, Market Risk, Liquidity Risk, and Operational Risk, as well as Regulation and Government, Legal and Compliance. Global Head of Risk & Compliance, Dan Geoghegan, elaborates: “The key to successful risk management strategies lies in the creation of a transparent, accountable and above all efficient risk framework. Aerice has worked extensively within risk departments at leading organisations, gaining an outstanding reputation for delivering a best practice approach. For financial institutions, the future is only going to become more complex in terms of the risk factors they have to cater for. From our point of view, we are extending our solution set to provide the most comprehensive set of services – incorporating Basel III & CRD3 & 4 requirements and external audit remediation, as well as budget allocation and prioritisation through to change management to achieve strategic implementation and goals.“ Aerice has successfully completed risk and compliance projects for a wide cross-section of leading organisations, including Barclays Bank, Brown Brothers Harriman and Deutsche Bank. About Aerice Based in the UK and USA, Aerice is a specialist management consultancy, with a strong track record in the financial services sector for delivering complex business and IT change programmes. Recent successful implementations span investment management and banking, as well as retail banking, covering operations, client service, front to back office, and fund accounting, plus global risk management and compliance. Aerice also has extensive expertise in the public and regulated sectors.

Founded by directors Stuart Owers and Dev Sharma in 2009, the company’s business ethic is underpinned by combining tangible project delivery with developing long-term relationships, working with absolute integrity from start to finish. Key to Aerice’s consultancy approach is the agreement of an exit strategy at the outset, establishing agreed deliverables and ensuring long-term sustainability via an enduring project legacy. The company’s services span Advisory, Business Process Transformation, Customer Management, IT strategy and Transformation, Outsourcing, People, PPM, Risk Management & Compliance, Sales & Marketing, and Strategy. www.aerice.com

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Press Contacts: For further information, please contact: Georgina Garrett/Simon Axford Jones Garrett Axford Ltd Tel: +44 (0)1903 854900 Fax: +44 (0)1903 854901 mail@garrett-axford.co.uk www.garrett-axford.co.uk