In Reference Appointments & Updates
Equiniti Group has announced the opening of a new office in Milwaukee, Wisconsin, USA. The investment is expected to bring 180 jobs to Milwaukee’s northwest side. Forming part of the acquisition strategy, Parkland Place will also strengthen Equiniti’s resilience, with the location able to handle shareholder operations for the whole of Equiniti’s US business (EQ) if required. Todd May, chief executive officer of EQ, said: “Investing in Wisconsin allows
(L-R) Todd May and Tom Barrett, mayor of Milwaukee.
us access to a high quality, talented and diverse workforce who are committed to delivering fantastic service. We are delighted to welcome our new colleagues to join the EQ family. “The business has been performing well with strong retention of our
blue-chip clients, and this new centre of excellence will further enhance the service we are able to offer to new and existing clients across the US, which remains our highest priority.”
>> Patricio Remόn, president of Europe at Equifax, said: “After 24
years at our previous office, we wanted to move closer to our key clients to help foster and grow our strong working relationships. As a progressive organisation, it was a key priority to deliver an improved working space for the 100 people we have based in London. We look forward to enjoying the many benefits of this new bustling location at the heart of the UK financial centre and welcoming our many client partners to this new and inspiring workspace.”
Jaywing has announced it has partnered with specialist lender One Savings Bank within its second line function, to independently review and challenge its models, with the first task being the rating system as part of its IRB programme. An increasing reliance on models,
regulatory pressures and changes, and talent scarcity is driving banks towards external experts for trusted long-term risk model validation. Nicholas Hurst, deputy chief risk officer
at One Savings Bank, commented: “It was vital we selected a partner with a strong track record in credit-risk analytics and which boasted impressive modelling capabilities. This is why we put potential vendors through a rigorous selection
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process. We were quickly struck by the level of Jaywing’s expertise and the success of its models in ensuring adherence to regulatory requirements and managing model risk effectively.”
Fifteen of the 17 businesses highlighted for poor payment practice in May have filed action plans or are preparing submissions to improve their treatment of smaller suppliers, demonstrating the effectiveness of the Prompt Payment Code. Philip King, chief executive, the Chartered
Institute of Credit Management (CICM), said firms have responded positively to approaches by the CICM and the PPC Compliance Board: “Businesses clearly see
the value in being a signatory to the Code and, more importantly, the potential damage to their reputation if they fail to honour the commitments that the Code demands. What is most pleasing is the innovative way in which firms are addressing the challenge and demonstrating best practice.”
Strategic credit management is essential to further strengthen the financial position of the UK business community. Predictive, data-driven credit insights enable companies to monitor and continue improving their financial position. That is why Graydon is launching three new credit management solutions: Graydon Credit Reports, the Graydon Monitoring Tool, and Graydon Ledger Management. “It is important for companies to think
more strategically about their credit- management function. The recent launch of our Onboarding and Detect solutions, coupled with our new enhanced credit management solutions, means that Graydon are ideally placed to help them achieve this,” said Simon Blackwell, managing director at Graydon UK.
Small and medium-sized enterprises have been a significant driver of employment growth in recent years, mainly through the creation of new firms, including in high-growth sectors such as information and communication technologies (ICT). But the new OECD SME and
Entrepreneurship Outlook highlights that most SME job creation has been in sectors with below average productivity levels, with
Freedom Finance has appointed Jake Ranson as chief customer officer. He joins from Equifax where he held the position of chief marketing officer for Europe. Brian Brodie, chief executive officer at Freedom Finance
said: “Jake’s appointment comes at a time where Freedom Finance is investing in technology and people to help carve-out exactly what borrowers want in the digital market. Freedom Finance recognises how, coupled with secure and sophisticated technology, financial information has the potential to improve borrowers’ financial lives. “With years of experience in one of the largest data businesses in the world,
Jake Ranson
I am delighted to have Jake join us at Freedom Finance. I have no doubt that his experience will further strengthen our leadership team and how the business meets customers’ requirements in a highly digitised world.”
www.CCRMagazine.com June 2019
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