Sheena Clark, founder of Financial Machineries, has extended her remit by partnering BCC Group and becoming UK managing director of the company.
At BCC, Clark is responsible for all global client activities around the group’s ONE Solution financial data enterprise platform and its market data cloud solutions. She will use her extensive market knowledge and regulatory expertise to work with business side clients and develop ideas with them for the ONE Solution.
In terms of its former partnership with CJC, Financial Machineries will continue, along with BCC Group, to work closely with managed service providers of cloud services. The company’s relationship with risk consultancy Iason Consulting also continues with Iason and BCC working together to make the former’s Secure Data Pooling Service (SDPS) available on the Amazon Web Services cloud. With SDPS in the cloud, banks can contribute to and improve the quality of pricing data required to calculate capital requirements for non-modellable risk factors (NMFRs) under Fundamental Review of the Trading Book regulation.