Rule Financial boost revenues by 15 percent 03 September 2012London Reporter: Jenna Jones
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Rule Financial, independent provider of business and IT services to the global investment banking community, has announced its advance in revenues of 15 percent year-on-year.
Rule Financial has seen growth in the UK, US and Canadian investment banking markets, as well development centres in Poland and Spain. The company has also recruited more banking domain specialists and technical experts.
This growth in revenue has seen Rule Financial grow its presence within nine of the top ten global investment banks.
In a statement Rule Financial has said that: “regulatory pressure is a key driver for projects in capital markets; with the Dodd-Frank regulation in the US and EMIR in Europe requiring banks to completely overhaul OTC derivatives clearing systems.”
Chris Potts, CEO, Rule Financial, said: “The wave of regulation which was triggered by the 2008 financial collapse is now being felt by the world’s financial institutions, which is in turn driving IT strategies. Dodd-Frank, EMIR and Basel III are just a few of the regulations for which firms are turning to Rule Financial for guidance and consultancy. Our early move to open a development centre in Poland is not only supporting, but is also helping to drive our growth. We fully intend to use our success in the first part of the year as the platform from which we continue to drive for the recruitment of quality staff and continued financial success.”
Rule Financial also owe their success to a number of recent key appointments to the OTC clearing and collateral management team.
James Tomkinson and Jonathan Philp were recruited as specialists in OTC clearing and collateral management. Marina Potok also joined Rule Financial earlier this year as a specialist in OTC, structured and securitised products.
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