BrazilAxiomSL partners with Carlyle Square Consultancy in Saudi Arabia
Saudi Arabia based professional services firm Carlyle Square Consultancy has entered into a partnership with AxiomSL, a global provider of solutions to the financial services industry.
The collaboration will see Carlyle Square Consultancy support AxiomSL with consulting services in the region. AxiomSL is a leading provider of regulatory and risk reporting, liquidity, capital and credit, operations, and trade solutions globally, and as per the agreement the Saudi consultancy will provide regional expertise and consultancy services to AxiomSL’s clients in the Kingdom.
Carlyle Square Consultancy will also support AxiomSL’s financial services clients – with a focus on banks – with the adoption of its solutions, and with business development and networking in Saudi Arabia.
The partnership will be spearheaded by Tariq Javed, who founded the consulting firm following three decades at the Saudi Central Bank (Saudi Arabian Monetary Authority, SAMA). At SAMA, Javed was latterly a senior advisor, participating in the development of national policies and reforms of the financial and banking sectors, and in the development and implementation of financial laws and regulations (including Basel I to Basel III).
David Attenborough, EMEA Head of Client Relationships at AxiomSL said: “Our solutions enable our clients to manage risk with a transparent data-driven approach, while delivering the clarity and insights in the calculations and the controls needed to successfully address Basel-driven requirements. It is a pleasure working with Tariq Javed who is well respected in the banking sector especially for his understanding of the intricacies of the regulatory requirements.”
Commenting on the partnership, Javed stated: “We are delighted to work with AxiomSL, which has a unique data management platform. Financial firms from the region can benefit from AxiomSL’s technology, especially banks which are facing growing complexity in regulatory requirements.”
According to a recent report from KPMG, Saudi Arabia’s financial services industry has understandably taken a hit from Covid-19, however, the sector has demonstrated “remarkable resilience” in the wake of the crisis.
