SOURCE: SAS Institute

SAS Institute

February 23, 2015 08:00 ET

SAS Increases Investment in Risk, Appoints Leader of Newly Formed Division

CARY, NC--(Marketwired - February 23, 2015) - Business analytics leader SAS has appointed Troy Haines to head its newly formed Risk Research and Quantitative Solutions division. As Senior Vice President, Haines will direct strategy, research and product management of risk management initiatives across the globe.

"Troy brings more than 20 years of experience in quantitative risk management, technical project management and applied research in the financial services industry to this role," said Jim Goodnight, CEO of SAS. "He will spearhead SAS' growth and investments in the risk space to help customers identify, mitigate and manage risk."

SAS' Risk Research and Quantitative Solutions division will focus even more on customer driven agendas and solutions to tackle complex risk challenges such as stress testing, regulatory compliance and capital management. The new division consolidates a number of different teams and functions -- pre-sales support, risk practice, applications and systems development -- under Haines to further align direction and priorities.

The division plans to double investment in critical areas of financial risk management, applied research and application development in the next couple of years. SAS will also be hiring additional risk industry experts to boost its business consulting services which will further enhance SAS risk solutions and support offerings. By investing in additional resources to strengthen modeling and methodology areas within risk management, SAS is expanding as well as deepening its solution capabilities.

SAS' leadership in the risk area is buttressed by recent leadership rankings in risk technology analyst reports. In January, SAS claimed the No. 1 spot in Chartis' prestigious RiskTech100 annual rankings, with category wins for core technology, innovation, banking and insurance verticals and financial crime. SAS was also recognized as a leader by Chartis for model risk management, by Gartner for operational risk management and by IDC MarketScape for credit risk management.

Haines' deep industry experience includes managing large teams of quantitative and technical risk management professionals. He has held banking and risk management consulting positions with JPMorgan Chase, Washington Mutual Bank, General Motors Acceptance Corporation and American Management Systems.

"SAS has long been in a leadership position with its risk management capabilities," said Haines. "I look forward to leading the practice's evolution of its quantitative and qualitative financial risk solutions through innovative technology, providing rich content and functional capabilities to meet the growing customer needs across the globe."

Read about SAS risk management solutions.

About SAS

SAS is the leader in business analytics software and services, and the largest independent vendor in the business intelligence market. Through innovative solutions, SAS helps customers at more than 75,000 sites improve performance and deliver value by making better decisions faster. Since 1976 SAS has been giving customers around the world THE POWER TO KNOW®.

SAS and all other SAS Institute Inc. product or service names are registered trademarks or trademarks of SAS Institute Inc. in the USA and other countries. ® indicates USA registration. Other brand and product names are trademarks of their respective companies. Copyright © 2015 SAS Institute Inc. All rights reserved.

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