Element22 is bringing its data strategy, analytics and execution expertise to Europe with the establishment of a London office and appointment of Mark Davies, formerly CEO of Avox, as lead of the European practice.
The company was set up in 2014 in New York City by managing partner Predrag Dizdarevic, and has developed into a boutique consultancy, working with financial institutions to create value through the deployment of high level business strategy, monetisation of data assets, and development of products and services.
Beyond strategy, Element22 works with clients on execution by supporting programmes including the design of data governance, development of advanced analytics platforms, and building of sustainable data quality solutions. Emerging technologies are increasingly critical, with Element22 bringing its experience of technologies such as cloud tools, data lakes, knowledge graphs, ontologies and advanced analytics to client projects.
The company’s London office has been set up in response to client and prospect requests for similar capabilities in the UK and the rest of Europe. It is already finalising negotiations on three engagements in Europe, which will be led by Davies as a partner at Element22.
Davies says: “This is a great time to be working in this space. New technologies are breaking through and many firms that are struggling with legacy data challenges want to understand how these technologies can help them. We can bring new world technologies to old world problems and deliver real benefits for our clients while helping them modernise.”
Davies has experience of partnering with Element22 in previous roles and notes the solutions the company delivers in the US are equally relevant to the UK and the rest of Europe. Like the US business, the European practice will work across the sell-side and buy-side with local and global clients, and also with firms servicing financial institutions. The locations will share expertise while Davies builds a team of data management, analytics and technology specialists with experience in financial services.
Predrag Dizdarevic, managing partner of Element22 Group, says: “Opening our London office reflects both our expanding client needs and our growth on the global scene. We are pleased that Mark Davies, who was one of our long-standing partners, has decided to join us and lead our expansion. We are looking forward to working together to bring data value to our clients.”