Algorithmics Incorporated has unveiled plans for its operational risk business, which has grown significantly through the Fitch Group’s acquisition of the company on 25 January 2005. The resulting combination of Algorithmics’ and Fitch Risk’s operational risk groups creates an operational risk team that serves over 70 operational risk clients worldwide. At a corporate level, the companies have been united under the Algorithmics brand. “Operational risk remains a key focus for Algorithmics and we are committed to providing leading operational risk solutions and service to our clients,” said Michael Zerbs, President and Chief Operating Officer at Algorithmics. “Through the acquisition, we now have one of the largest operational risk teams and client bases in the world. Our first order of business is to continue to support all of our current clients through the implementation and use of existing operational risk solutions.”
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