Aptivaa now in Sri Lanka

Aptivaa, one of the fastest-growing international risk and compliance consultancies in the region, has partnered with Bartleet TransCapital Ltd (TransCapital), the Bartleet Group's professional investment and advisory services company.

The new partnership will result in Aptivaa's extensive portfolio of services in risk consulting, solutions and analytical services being offered to banks, insurers, and asset management and other financial services companies in Sri Lanka and the Maldives with local support from TransCapital, Aptivaa's designated Teaming Partner for the two countries. The firm, which has offices in the USA, UK and in Singapore and operates a Global Delivery Centre in Mumbai, already provides expertise covering risk and compliance relating to credit risk, market risk and operational risk under regulatory regimes such as Basel II, MiFID and Solvency II to 20 global clients comprising some of the best names in the financial services industry.

Aptivaa CEO Alok Tiwari said, "We feel proud to be associated with Bartleet TransCapital to establish our presence in the local market. Being associated with one of the most respected names in the region we will not only help us serve the region in an efficient way, but also play a important role in the development and growth of risk management capabilities in the financial services industry."

Bartleet TransCapital Chairman and former Central Bank Governor A. S. Jayawardena said Aptivaa's consultancy, knowledge and risk management solutions could significantly strengthen capabilities of local Banks and financial services institutions in a very vital operational area.

"The ever increasing complexity of products in the financial services sphere and the volatility of financial markets, make risk management and regulatory compliance of utmost importance," he said. "Our partnership with Aptivaa is therefore timely and is a milestone for Bartleet TransCapital."

Aptivaa assists financial services firms with regulatory issues and helps them overcome complex risk management challenges by developing client-centric solutions using structured methodologies and a modular approach, adapting to each client's objectives, its specific complexity, risk profile and geographic scope.

Aptivaa also partners with global risk-solution software providers to deliver domain and functional support for the implementation of their solutions.