FRG to Expand Advisory Services Practice
NEW YORK, New York – March 1, 2009 -The Financial Risk Group (FRG) announced today that Sunil Panikkath has joined FRG as a Director and will be leading the expansion of its risk advisory services practice. Dr. Panikkath will be based in New York.
“Based on our clients’ needs, our initial focus on risk technology and related services has in recent years expanded into advisory services on risk management methodology and processes”, said Ron Holanek, FRG President. “Having taken on several different types of risk and derivates-related roles at different types of firms, Sunil brings us a great deal of experience spanning across both the technology and business areas that will be very valuable to our clients.”
“FRG is unique in the risk management space in that it can offer broad and deep expertise covering both the services and technology necessary for a firm to ensure effectiveness and cost-efficiency in its risk management efforts,” said Dr. Panikkath. “I am delighted to be part of such a great team.”
Dr. Panikkath joined FRG from international investment bank Houlihan Lokey where he advised clients on risk measurement and valuation for derivatives and other instruments. He has recently been engaged on the valuation and risk measurement of credit derivatives and other asset-backed and illiquid securities for various clients including banks, hedge funds, asset managers and corporates. Earlier, Dr. Panikkath was at NERA, an international firm of consulting economists, where he advised financial and energy clients on valuation and risk management, provided econometric analysis of financial markets and provided expert testimony in litigation. Prior to NERA, Dr. Panikkath was at SAS Institute, a leading international provider of business-analysis software. He was one of the principal designers of the firm’s offering for enterprise-wide risk management and advised many financial services and energy clients.
Dr. Panikkath holds a bachelor of technology in electrical engineering from the Indian Institute of Technology, in Madras, and he received his Ph.D. in financial economics at Washington University in St. Louis, where he contributed research on Bayesian and frequentist approaches for assessing the accuracy of valuation techniques, and on continuous-time stochastic modeling of financial markets.
Financial Risk Group is an international risk management services firm, dedicated to helping clients around the world maximize the effectiveness and value of their investments in risk management technology, methodology and processes. FRG provides clients with unique technology offerings, implementation services, business advisory services and thought leadership in various areas of risk management. For more information visit: www.frgrisk.com