RiskBusiness International Limited, the global operational risk advisory firm, today announced that Garth Hinton, formerly the Head of Operational Risk for the Europe, Middle East and Africa (EMEA) region for Citigroup, has joined the firm as Executive Director for the Asia-Pacific region.
Garth brings to RiskBusiness a wealth of industry expertise, having represented Citigroup on numerous industry committees, including the United Kingdom's FSA's Operational Risk Steering Group, several FSA sub-committees and the RMA's KRIeX.org KRI Library Steering Committee. He was also responsible for developing and implementing Citigroup's successful application to adopt the Advanced Measurement Approach (AMA) for their UK activities, this being the first such successful application in the UK and Citigroup's first successful application globally. In addition to his experience from Citigroup, he is a Chartered Accountant and has worked extensively in the treasury, trading and sales and investment banking areas of finance.
Mike Finlay, Managing Director for Europe, the Middle East, Africa and Asia-Pacific, believes that operational risk has entered a third wave of evolution in approaches, with RiskBusiness working closely with industry participants, representative bodies and associations and the regulatory community. "Our clients are continuously seeking better and improved approaches to operational risk management, especially when it comes to adding measurable business value.
Garth's experiences as one of the very first practitioners to successfully achieve AMA accreditation, combined to his pragmatic approaches to measuring value add, brings enormous additional strength to our highly experienced team. I look forward to working with Garth and our clients to leverage this experience to assist them in developing their own frameworks and approaches and to achieving the most relevant level of regulatory accreditation necessary for their business".
"The Operational Risk discipline continues to develop at a staggering pace and the complexities now facing operational risk practitioners as we move into this third wave of evolution are significantly greater than before. Demands from senior management in terms of tangible and proven value contribution within an organrgnrganisation will become increasingly centre stage" Garth Hinton, Executive Director for Asia-Pacific says. "I am very pleased to be joining what I consider to be the global leading operational risk consultancy in the business. RiskBusiness has earned a reputation for providing pragmatic, original thought and timely product development which genuinely assists operational risk practitioners to deal with the challenges they face."
"I welcome this opportunity to merge my own experience with that of the RiskBusiness team and look forward to applying our collective skills for the mutual benefit of our clients and the operational risk industry as we face up the forthcoming challenges".