Riskonnect’s platform will enable the wealth manager to consolidate its GRC information. Credit: mohamed Hassan from Pixabay.

Schroders Personal Wealth has selected Riskonnect to augment its risk management practices, streamline workflows, and enhance reporting processes.

The wealth manager, which is a JV between Lloyds Banking Group and Schroders, will deploy Riskonnect’s enterprise risk management (ERM), third-party risk management (TPRM), and regulatory compliance platforms.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The tech vendor claims that its platform will enable Schroders Personal Wealth to consolidate its governance, risk, and compliance (GRC) information.

It will also enable the wealth firm to centralise real-time reporting, thereby freeing up the company’s risk team to focus on the more strategic tasks.

Schroders Personal Wealth chief risk officer Ray Milne said: “We saw the opportunity that partnering with Riskonnect would create for our team. We’re able to make our risk management practices even more impactful and create a new capacity to drive business value.

“The ability to consolidate all our GRC and data privacy requirements into one system, coupled with Riskonnect’s rich and multidimensional reporting capabilities, frees our team from tedious information gathering and analysis so we can focus on high-value work.”

Riskonnect CEO Jim Wetekamp said: “Schroders Personal Wealth is a great example of a company that recognizes how risk management practices can drive value for the organisation.

“We’re thrilled to partner with their team to create a clear view of risk and drive efficiencies so they can concentrate on strategy and growth.”