Keith Todd, the executive chairman of fintech start-up KRM22, has said he wants to hire analysts and “subject matter experts” as the firm looks to bulk-up and build a real-time “risk cockpit”.
Todd, who listed KRM22 on London’s junior market in April, said on Tuesday he had hired three experts to his Enterprise Risk Management team including Andrew Smart, a leader in that field.
The executive chairman told Global Investor: “We are still in the market for business analysts and we are always interested in true subject matter experts. The leadership team is complete for now though it could expand over time. Currently, we are more focused on filling the engine room.”
KRM22, which went public on the London growth market AIM at the end of April, said in June it had reached an agreement with Swedish tech firm Cinnober to acquire 60% of trade surveillance firm Irisium for £2.3m.
Todd continued: “A fast pace has been set since the Initial Public Offering but we are mindful that we need to maintain this momentum. By the start of August, we will have recruited over 20 people. In addition Irisium has 21 staff so this will take us up to about 42 staff.”
Speaking to Global Investor after KRM22 completed in June its acquisition of Irisium, Todd said: “We are looking at plenty of acquisition targets. We had two at the time of our listing, one of these is done now and the second is on track in the short term. I’d expect a further two or three before the end of 2018.”
Todd said when the firm listed in late April: “Risk management is taking on more prominence at board level and today no single, real-time view of the true risks a business faces exists. The platform we will develop will mean companies can do away with spreadsheets and manual processes and instead see their key risk position in our real-time ‘risk cockpit’.”
Todd believes new regulation has made trading firms, including banks, laser-focused on their enterprise-wide risk exposure and these firms need a solution that offers them that level of oversight.