UK-based managed services provider and international business and technology consulting firm, Delta Capita, has appointed Mark Aldous (pictured) to head up its managed services business.
In his new role, Aldous will focus on accelerating the growth of Delta Capita's managed services capabilities including further expansion of structured products and product governance services as market participants continue to restructure their operations to fall in line with Markets in Financial Instruments Directive (Mifid II) and the Packaged Retail and Insurance-based Investment Products (Priips) obligations. Based in London, Aldous will report to Joe Channer, CEO of Delta Capita.
'Delta Capita is perfectly positioned to support financial institutions as they continue to adapt to regulatory and market structure changes,' said Aldous, in a statement. 'In this new, more complex environment, our managed services offering enables clients to reduce fixed costs, reduce complexity while increasing the scope and quality of the services they receive.'
According to Channer, Aldous' background 'dovetails perfectly with our specialist practitioner approach' while his expertise 'makes him ideally placed to advise financial institutions and establish utilities in this space'.
'This hire signifies the latest stage in our investment drive to build out our wider managed services business,' said Channer.
Aldous has over twenty years of industry experience in derivatives, structured products, alternative investments and the development of associated platforms.
Aldous, who started his new position in April, joins from Credit Suisse where he was most recently managing director and head of structuring for the Swiss bank's Europe, Middle East & Africa (Emea) structured products platform.
The appointment follows Delta Capita's recent acquisition of technology firm Appendium, to support the development of its Securities Finance Managed Service business, which it plans to take to market as an industry utility later this quarter.
Earlier this year, Delta Capita acquired parts of Credit Suisse's European structured products business and now handles a number of back- and middle-office functions for the bank such as the production of documentation, and the ongoing oversight of the product's suitability for end investors.
The consultancy firm has also transferred over a number of the existing Credit Suisse team as part of the agreement, increasing capabilities and accelerating the growth of its structured product issuance and governance managed service offering. The structuring, modelling and pricing functions remain at the bank.
Credit Suisse was an active provider of structured products globally in 2016. The Swiss bank issued over 2,000 products including non-retail, flow and leverage, and sold over US$3.3bn across markets, according to SRP data.
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