Press Release: Madison-Davis Professional Services, LLC and RiskBusiness Announce Joint Venture in the Americas

RBA will provide risk advisory services and distribute related data and content through its tools and products that utilize the most advanced technology delivery systems. Headquartered in New York City, RBA is currently focused in the financial services and oil and gas/ global energy markets. 

 However, it also provides its services and products to other highly regulated industries, such as healthcare, telecommunications and transportation. Peter Fiorillo, CEO of Madison-Davis, will become the CEO of RBA.

Commenting on the joint venture, Peter Fiorillo said: “Madison-Davis is pleased to be entering this exclusive relationship with RiskBusiness International to develop and distribute RBI’s suite of risk management content, data, tools and products throughout the Americas.  RBI developed these offerings over the last seven years with over 100 of the world’s largest financial institutions. The size of the markets across the Americas provides a great opportunity for expansion, much of it untapped”.

Jonathan Davies, Managing Director of RiskBusiness Americas continues, “This joint venture enables us to pursue more aggressively our distribution partner model for our risk content offerings in the Americas, both within the financial services verticals but also to develop equivalent products for energy and healthcare”. He added, “MDPS also brings relationship opportunities into service providers in credit risk analysis and other risk related disciplines where there is a natural fit for operational risk and ERM content, data and tools”.

Kristen Gantt, Partner of Madison-Davis Professional Services, LLC, and a Managing Director of RBA, who introduced RiskBusiness to MDPS said, “In the last six months, we have seen significant interest, specifically among financial services firms and oil, gas, global energy and utility companies, in implementing a more “integrated solution” that combines standard risk language with enhanced tools to help them better manage their risks and related business processes, as well as build the basis for benchmarking with peer firms. Expanding our direct offerings through RBA fits within the holistic approach to the business consulting relationship we have built over the years with our clients. By adding the risk performance and measurement data, key risk indicators and loss data, provided through RiskBusiness’s taxonomy libraries, and using this to monitor and track this information historically and prospectively, Madison-Davis significantly extends its offerings to the 200 financial services and highly regulated companies it advises in the U.S”.

“We view the establishment of RiskBusiness Americas as an exciting extension of our services capability,” added Mike Finlay, Managing Director of RiskBusiness International (RBI). “Although the United States in particular was hard hit by the recent financial crisis, there remains an enormous market for risk management services, both in our traditional financial services sector and in other sectors where MDPS has capability. Together, we are introducing many new ideas, concepts and capabilities to the marketplace, covering firms of all types and sizes. At the same time, RBI will continue to expand outside of the Americas and will look to capitalize on global relationships established within RBA”.

About RiskBusiness International Limited 

RiskBusiness is an international risk advisory firm specializing in the design and delivery of industry leading operational and enterprise risk management solutions. RiskBusiness provides advice, content, services and tools to individual institutions, industry associations and regulators. RiskBusiness’ content services are based on industry leading taxonomies and integrated classification structures.  These are designed to facilitate the successful adoption of risk programs by business management and to enable the integration of governance, risk and compliance programs, through the use of a common language and structure for the organization of risk information.  Our taxonomies include libraries of risks, controls, causes, processes and risk measurement/management metrics or KRIs. These services are supported by web-based ASP risk management, data collection and comparison and risk content delivery tools. Visit RiskBusiness on the Web at www.riskbusiness.com.

About Madison-Davis

Madison-Davis is a one-of-a-kind firm that is differentiated by the manner in which it integrates strategy, risk management, business process improvement and finance, accounting and technology solutions to help its clients make informed business decisions. Madison-Davis accomplishes this mission by combining its industry expertise on an advisory basis with subject-matter experts that leverage their use of proprietary content, data and data structures accumulated over many years,  This “Integrated Solution” delivers risk and business intelligence to the client, and throughout the client’s organization, using the most advanced technology tools and products on a cost-effective subscription basis. Consistent with our unique capabilities, Madison-Davis also provides more traditional project management and assistance in risk advisory, accounting, operations, and regulatory and compliance focusing on helping our client’s achieve their overall business strategy & objectives.  MDPS has been in business over 27 years, serving thousands of clients and hundreds of thousands of executives, including over 25% of the Fortune 500 during that time. Visit Madison-Davis on the Web at www.mdps.com.

Contacts: 

Madison-Davis

Peter Fiorillo, CEO

This e-mail address is being protected from spambots. You need JavaScript enabled to view it (631) 321-4121

Kristen L. Gantt, Managing Director

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RiskBusiness International

Jonathan Davies, Managing Director

This e-mail address is being protected from spambots. You need JavaScript enabled to view it   (203) 807-0095

Mike Finlay, Managing Director

This e-mail address is being protected from spambots. You need JavaScript enabled to view it +44 7721 969224