Karan brings more than 10 years’ experience of bank regulation-driven business and technology change management, spanning CSDR, Dodd Frank, MIFID II, Basel III and EMIR. Most recently he managed the CSDR initiative at a global investment bank where he led a team to quantify the commercial impact of the CSDR Settlement Discipline regime, whilst supporting the design of target state technology and process solutions to deal with penalties and mandatory buy-ins.

Karan commented: “This is a great time to be joining Delta Capita following the recent Prytek investment. In the short term I will be leading our CSDR delivery services where Delta Capita has some great technology assets to help banks track, trace and monitor operational breaks throughout the settlement workflow. Looking forward I am excited to be helping shape and build out Delta Capita’s strategic managed services.”

Steve Vinnicombe, Head of Delta Capita’s Global Consulting unit, added: “As we evolve our offering to be driven by technology assets and deep industry knowledge, Karan brings a wealth of relevant experience in RegTech as well as bank operational efficiency, finance and risk data transformation and specific regulatory regimes. We are delighted to welcome him to the team.”

Gary Bullock, head of Delta Capita’s Post Trade unit, added “The cost of regulation and operations is forcing banks to consider mutualising costs through third party managed services. Karan’s hands-on experience of managing regulatory transformation will be invaluable as we design and deliver managed services in the post-trade area.”

Karan will help Delta Capita’s clients benefit from Delta Capita’s digital assets and CSDR project accelerators such as DC-Transform and DC-Modus. These help clients design and implement CSDR solutions more quickly and at lower cost, while improving the robustness and completeness of their chosen CSDR solution.