Aptivaa, one of the fastest-growing international risk and compliance consultancies in the region, has announced a partnership with Bartleet TransCapital Limited (TransCapital), the Bartleet Group’s professional investment & advisory services company.
The new partnership will result in Aptivaa’s extensive portfolio of services in the areas of risk consulting, solutions and analytical services being offered to banks, insurers, as well as asset management and other financial services companies in Sri Lanka and the Maldives with local support from TransCapital, Aptivaa’s designated Teaming Partner for the two countries.
The firm, which has offices in the USA, UK and in Singapore and operates a Global Delivery Centre in Mumbai, already provides expertise covering risk and compliance relating to credit risk, market risk and operational risk under regulatory regimes such as Basel II, MiFID and Solvency II to 20 global clients comprising some of the best names in the financial services industry.
Commenting on the company’s arrival in Sri Lanka, Aptivaa CEO Alok Tiwari said: “We feel proud to be associated with Bartleet TransCapital to establish our presence in the local market. Being associated with one of the most respected names in the region will not only help us serve the region in the most efficient way, but also play a important role in the development and growth of risk management capabilities in the financial services industry.”
Bartleet TransCapital chairman and former Central Bank Governor Deshamanya A. S. Jayawardena said Aptivaa’s consultancy, knowledge and risk management solutions could significantly strengthen capabilities of local Banks and financial services institutions in a very vital operational area. “The ever increasing complexity of products in the financial services sphere and the volatility of financial markets, make risk management and regulatory compliance of utmost importance,” he said. “Our partnership with Aptivaa is therefore timely and is a milestone for Bartleet TransCapital.”
Aptivaa assists financial services firms with a range of regulatory issues and helps them overcome complex risk management challenges by developing client-centric solutions using structured methodologies and a modular approach, adapting to each client’s objectives, its specific complexity, risk profile and geographic scope.
Aptivaa also partners with global risk-solution software providers to deliver domain and functional support for the implementation of their solutions. The company’s solutions offerings include project management services, business analysis and domain support of third party risk management systems and frameworks.
Aptivaa was founded by four risk management professionals in early 2005. The management team was expanded by bringing in leading professionals with extensive experience in banking, risk consulting and financial technology. Aptivaa has quickly established a global footprint, emerging as a leading risk management consulting firm whose clients include six of the top 10 banks in the Middle East, five of top 10 banks in India and two Central Banks amongst others.
Bartleet TransCapital is a financial services group set up to synergize and maximize the potency of its subsidiaries, associates and alliances through professional investment and advisory services to customers. The group offers corporate as well as individuals a portfolio of services and products that encompasses all their finance-related requirements, with the advantages of greater synergy, faster service and optimum costs.
