NEW YORK, Oct. 13, 2015 /PRNewswire/ -- Novantas, Inc., a leading financial services advisory and technology solutions firm, is pleased to announce that David Shimko and Brett Friedman have joined the company as Directors in the Treasury and Risk Support Business Unit. Shimko and Friedman each bring over 30 years of experience in risk management, and will expand and strengthen the company's expertise in credit risk measurement, as well as credit analytics and strategy.
Prior to Novantas, the two senior industry advisors co-founded an independent and private consulting firm, Winhall LLC, specializing in trading operation acquisition and disposition, risk evaluation and hedging, operations review, and risk metric and limit construction. While at Winhall, the pair introduced CreditCircle Inc., a peer-to-peer consumer finance company that combined social networking with consumer lending.
"We are delighted to expand our credit risk measurement and management activities by partnering with two of the industry's leading voices on the most complex elements of the topic," says Pete Gilchrist, Managing Director and Head of the Treasury and Risk Support Business Unit.
"I'm excited to join Novantas and to contribute to the firm's reputation as industry leading innovators in financial services," says Friedman. "The world of credit is changing rapidly," adds Shimko. "Banks are feeling immense pressure from emerging alternative credit platforms and we're looking forward to developing new solutions that take advantage of both perspectives as part of the Novantas team."
David Shimko is a highly sought after risk management consultant, specializing in capital and credit markets with an emphasis on derivatives and risk management. He holds a finance PhD from Northwestern University.
Brett Friedman is a well respected senior executive across risk management and trading. He has led three trading and risk management start-ups, and brings a vast amount of first-hand management, operations, and valuation experience to the firm. He holds a B.A. in Economics from Columbia University in New York.
Novantas is the industry leader in analytic advisory services and technology solutions for banks. We create superior value for our clients through deep and insightful analysis of the information that drives the financial services industry — across pricing, product development, treasury and risk management, distribution, marketing, and sales management. For more information, visit www.novantas.com.