LONDON, July 1, 2013 /PRNewswire/ --
IT consultancy celebrates 15th anniversary with increased revenues of 25%, the opening of a new development centre in Poland, and expansion in North America
Rule Financial, an independent provider of business consultancy, IT consultancy and IT services to the global investment banking community, today announces year-on-year growth in revenues of 25%, global expansion, and the recruitment of further banking domain specialists and technical experts.
With the need to meet the challenges brought about by global regulatory reforms such as Dodd-Frank and EMIR, investment banks are turning to the expert consultancy for assistance in meeting the strict regulatory guidelines, backed by an integrated and efficient onshore / nearshore delivery capability.
Now in its fifteenth year since Marcus Rule started the company in the City of London, the market demand for nearshore development has seen revenues generated from development in Poland trebling between 2012 and 2013, driving the requirement for a second development centre in the city of Poznań. In Q1 2013 the company expanded its New York office and opened a second US office in Boston, to cater for the growing demand from buyside firms. With the opening of these two new offices and further jobs created across its five other locations, the company has seen its global headcount rise to nearly 600.
Rule Financial has a leading team of domain experts that oversee the strategy, design and implementation of solutions for investment banks and other market participants, and has recently expanded the team with several new hires based in its London headquarters. Derek Perry and Emily Cates joined as specialists in operational processing and design, Neil Hookway joined as a specialist in treasury markets and change management, with Graham Wood completing the list of new hires, joining as a specialist in operational risk.
Testament to the expertise of the organisation, in Q4 2012 Rule Financial become one of only five consultancies to be awarded the LCH Clearnet CCP² accreditation, making it a trusted provider of business and technology solutions for clients connecting to the clearing house. Rule Financial's commitment to excellence also saw its user centred design team gain award-winning recognition for a high-profile risk-management interface for a tier 1 investment bank.
Chris Potts, CEO, Rule Financial, said: "2012 was an outstanding year for Rule Financial, with the momentum continuing steadily into 2013. The company prides itself on providing the perfect mix of expertise and outstanding customer service, enabling us to meet a growing demand for our consultancy and technical skills. To ensure our people continue to deliver only the highest levels of service, we have rolled out our 'talent opportunity programme', as part of which our junior employees receive coaching and advice from our highly experienced practice heads and senior management.
The expansion in North America also provides a platform for us to begin working more closely with buyside firms, who (as our research into preparation for Dodd-Frank reforms in 2012 discovered), are also in need of support in order to be ready for the impending deadlines. Rule Financial is ideally placed to meet these regulatory demands by providing specialist services which are now in great demand. Even in these difficult economic times, we can assist our clients in meeting their respective challenges, in areas such as risk management, operational cost efficiency, global nearshore development, collateral optimisation, and a wide range of other areas affected by global regulation."
About Rule Financial
Rule Financial is a leading independent provider of business and IT services, employing nearly 600 people in the UK, the USA, Canada, Spain and Poland. Our specialists work alongside their counterparts at the world's leading investment banks, hedge funds and financial institutions, helping to lower costs, improve productivity and extract the maximum value from IT investments.
We cover all aspects of advisory, execution and support services. Our domain specialisms include: Securities Finance, Prime Services, Risk Management, Trading, Legal & Compliance and Operations. Our delivery specialisms include: advisory and execution services in system development, user-centric design, software development, integration, testing, on-going support and IT outsourcing.
We offer our clients end-to-end solutions that solve their complex business and IT issues. Our specialists have a deep understanding of the increasing regulatory pressures faced by financial institutions and a number of our recent engagements have included strategic consultancy around OTC derivatives regulation and the implications of central clearing on integrated systems and collateral management.
SOURCE Rule Financial