Re: Altium Capital

 

TIDMBCT 
 
 
Business Control Solutions Grp PLC 
09 March 2009 
 
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Altium Capital selects BCS OCA to manage operational risk & control 
 
 
 
 
London, 9 March, 2009 - Business Control Solutions (AIM: BCT.L), provider of 
management consultancy services and operational control software to the 
financial services sector, today announced that Altium Capital, a leading 
European investment banking group, has selected the BCS Operational Control 
Architecture(TM) (OCA) to provide a corporate-wide operational risk and control 
framework. BCS OCA will be deployed immediately to drive transparency and 
accountability across its London headquarters, while also reducing the cost of 
achieving effective control. 
 
 
Altium's control culture was previously based on Microsoft Office products and a 
number of manual processes. It chose the BCS OCA software due to its ability to 
support senior management by delivering a comprehensive overview of the firm's 
operational health and compliance. The solution's ability to scale in size was 
also a crucial factor for Altium, which will use it to measure, monitor and 
manage operational risk and control. BCS OCA will initially be deployed in the 
finance department at Altium. 
 
 
Cameron Small, CFO at Altium, said: "We chose BCS OCA because it was the best 
available solution to enable us to further improve our operational control 
reporting. Using this system, we'll be able to monitor control hotspots, manage 
communications up and down the management chain, and ensure immediate response 
to any issues that arise." 
 
 
BCS OCA captures control certifications, key performance and risk metrics, as 
well as loss events and near misses. By consolidating this information across 
departments, it then delivers an instant measure of operational control and 
regulatory compliance. It also provides a number of other benefits to Altium, 
including: 
 
 
  *  Monitoring control hotspots and highlighting issues as they develop for 
  immediate response; 
  *  Demonstrating process management and active day-to-day control; 
  *  Cutting the paper/manual effort out of process management; 
  *  Aiding with regulatory compliance, such as the FSA's Advanced Risk Response 
  Operating Framework; 
  *  Providing instant access to management information; 
  *  A non-invasive approach that integrates seamlessly with Altium Capital's line 
  functions. 
 
 
 
"We are pleased to be working with Altium and contributing to the improvement of 
its operations during the course of the implementation," said Mike Bush, head of 
product development at BCS. "As the changing regulatory landscape becomes more 
stringent, operational control should be at the forefront of every 
organisation's agenda. Through this investment in technology, Altium has 
demonstrated its commitment to achieving this." 
 
 
- Ends - 
 
 
 
 
About Altium 
Altium is a leading European investment banking group operating through a 
network of owned and affiliated offices. It provides a full range of investment 
banking services to its corporate clients (including fundraising, M&A and 
general advisory services) and to the private equity firms and public market 
institutions which finance them. Its specialist sectors include technology, IT 
software and services, leisure and consumer, media, industrials, infrastructure 
services, speciality finance, support services and outsourcing. For more 
information on Altium please visit www.altium.com. 
 
 
 
 
About Business Control Solutions 
Business Control Solutions is a provider of management consultancy services and 
operational control software to the financial services sector. Its people have 
operated at senior levels in global organisations and this experience and domain 
expertise helps its clients to achieve fast-track solutions to difficult and 
complex problems. Its commitment to successful delivery has resulted in 
long-term, trusted relationships with its clients, which include six of the 
world's top ten banks. 
 
 
The management consulting division has delivered comprehensive business 
transformation programs within finance, risk, IT and operations across both the 
buy- and sell-side. Its innovative technology solutions are designed by industry 
practitioners to embed control within operational functions and give senior 
management real time transparency on issues and risks. 
 
 
Business Control Solutions is based in London, with development centres in 
Peterborough and Romania and is listed on the Alternative Investment Market 
(AIM) as BCT.L. 
For more information on Business Control Solutions please visit www.bcsplc.com 
 
 
 
 
Press contacts 
Flora Wilke or Nick Bird 
Metia 
Tel: [phone] 
Email: [e-mail] or [e-mail] 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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