- Michael Stock joins as Head of Operations from ABN AMRO to lead on operational management
- Equiniti Riskfactor gains seven new clients in past year in North American market as it continues to succeed in its global growth strategy
Equiniti Riskfactor, the market-leading provider of risk management and fraud analytics software for the global commercial finance industry, is delighted to announce the appointment of Michael Stock as Head of Operations, reflecting strong recent growth and international expansion for the company.
Michael will join from the commercial finance business of Dutch bank ABN AMRO, where he has spent the last 13 years working at a senior level. He brings a wealth of industry experience and first-hand knowledge of using the flagship software, EQ Riskfactor, to transform key risk processes.
In his role as Head of Operations, Michael will be charged with developing the core infrastructure of the business, aiming to drive process efficiencies and ensure the company is well placed for further international expansion.
The business gained seven new clients in North America, in the previous 12 months, while it has also strengthened existing relationships and established a US based team to support this key geographic growth opportunity for Equiniti Riskfactor.
Over the next year, Equiniti Riskfactor will look to support this growth by adding to its software development team and its implementation team to ensure customer service and speed of delivery remain best-of-class.
Aaron Hughes, Managing Director at Equiniti Riskfactor, commented:
“I am delighted to welcome Michael to the team. His industry insight and experience will be invaluable in ensuring we are organised efficiently and enable us to better understand clients’ challenges and ensure our product development meets their needs.”
Michael Stock, Head of Operations at Equiniti Riskfactor, commented:
“I am thrilled to be joining at this exciting time of rapid growth and I look forward to challenging the business to ensure we are market-ready for our international expansion and that our existing clients remain central to our future business success.”
“EQ Riskfactor is a very sophisticated and established system which is mission critical for our loyal client base. We already have 90% of the UK commercial finance lenders and are now expanding our international market. At ABN AMRO I was instrumental in embedding EQ Riskfactor into our business strategy, and I hope to build on this experience to take the company forward with its ambitious growth plans.”
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Temple Bar Advisory
Notes to Editor:
Equiniti Group plc, an international technology-led services and payments specialist, provides non-discretionary payment and administration services to some of the world’s best-known brands and UK’s largest public-sector organisations.
It is the UK’s leading provider of share registration, employee share plans, and associated investor services, and also has market leading positions in pension administration and software, and employee benefit schemes.
Equiniti’s services, which are delivered by over 5,000 employees, benefit 36 million people in the UK, US and 120 other countries around the world.
Equiniti Riskfactor is the leading provider of risk management and fraud analytics software for the global commercial finance market including factoring organisations, banks and alternative lenders. In the UK, over 90% of the receivables finance market use the leading application, EQ Riskfactor.