Rule Financial expands in Poland and New York
01 July 2013 London
Image: Shutterstock
Rule Financial, an independent provider of business consultancy and IT services to investment banks, has announced year-on-year growth in revenues of 25 percent, global expansion, and the recruitment of further banking domain specialists and technical experts.
The firm stated that market demand for nearshore development has seen revenues generated from development in Poland trebling between 2012 and 2013, and is driving the requirement for a second development centre in the city of Poznań.
In Q1 2013, Rule Financial expanded its New York office and opened a second US office in Boston, to cater for the growing demand from buy-side firms. With the opening of these two new offices and further jobs created across its five other locations, the company has seen its global headcount rise to nearly 600.
The firm also expanded the team with several new hires based in its London headquarters. Derek Perry and Emily Cates joined as specialists in operational processing and design, Neil Hookway joined as a specialist in treasury markets and change management, with Graham Wood completing the list of new hires, joining as a specialist in operational risk.
Chris Potts, CEO of Rule Financial, said: "To ensure our people continue to deliver only the highest levels of service, we have rolled out our ‘talent opportunity programme’, as part of which our junior employees receive coaching and advice from our highly experienced practice heads and senior management."
"The expansion in North America also provides a platform for us to begin working more closely with buyside firms, who (as our research into preparation for Dodd-Frank reforms in 2012 discovered), are also in need of support in order to be ready for the impending deadlines. Rule Financial is ideally placed to meet these regulatory demands by providing specialist services which are now in great demand.”
The firm stated that market demand for nearshore development has seen revenues generated from development in Poland trebling between 2012 and 2013, and is driving the requirement for a second development centre in the city of Poznań.
In Q1 2013, Rule Financial expanded its New York office and opened a second US office in Boston, to cater for the growing demand from buy-side firms. With the opening of these two new offices and further jobs created across its five other locations, the company has seen its global headcount rise to nearly 600.
The firm also expanded the team with several new hires based in its London headquarters. Derek Perry and Emily Cates joined as specialists in operational processing and design, Neil Hookway joined as a specialist in treasury markets and change management, with Graham Wood completing the list of new hires, joining as a specialist in operational risk.
Chris Potts, CEO of Rule Financial, said: "To ensure our people continue to deliver only the highest levels of service, we have rolled out our ‘talent opportunity programme’, as part of which our junior employees receive coaching and advice from our highly experienced practice heads and senior management."
"The expansion in North America also provides a platform for us to begin working more closely with buyside firms, who (as our research into preparation for Dodd-Frank reforms in 2012 discovered), are also in need of support in order to be ready for the impending deadlines. Rule Financial is ideally placed to meet these regulatory demands by providing specialist services which are now in great demand.”
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