Axioma On-Boards Ian Lumb as its Head of Risk Solutions

Axioma has continued strengthening its global operations in late 2017, this time bringing in Ian Lumb to its London office. Mr. Lumb joins Axioma from UBS Delta and will be installed as the group’s Managing Director, Head of Risk Solutions, which reflects a newly created position and growing emphasis for the group.

Mr. Lumb was chosen specifically to address Axioma’s growing focus on Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term solutions. There is a large and increasing demand for risk management solutions given the shifting regulatory climate with Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term looming and the implementation of MiFID II this coming January.

Per the new role, Mr. Lumb will be reporting to Chris Canova, Senior Managing Director, Global Product Specialists at Axioma, who commented on the move: “Ian brings to Axioma in-depth expertise in the areas of fixed income and multi asset risk, performance attribution, and portfolio construction.”

The newly created position for Mr. Lumb will cater to his strengths exhibited at UBS Delta. He previously focused on a range of portfolio analysis and risk management systems while working as its Global Head for the past decade.

In this capacity he also helped steer UBS Delta to a more commercially focused vendor model, ultimately selling the business to StatPro in May 2017. UBS Delta has its roots under him back in 2006, covering Northern European accounts, while also garnering a focus on asset managers, pension funds and insurers.

Prior to joining UBS back in 2006, Mr. Lumb worked as a Relative Value Analyst at Nomura International, with stops at UBS, PaineWebber International, and Kidder Peabody.

“He is a superb fit to shape the future direction of our risk products and lead our experienced team of Risk Solutions specialists, who partner with customers to maximize Axioma solution value for their risk and portfolio management needs,” explained Mr. Canova.

The addition of Mr. Lumb is Axioma’s first major personnel move since the hire of Thomas Severance back in October 2017. The hire saw Axioma shore up its global markets sales team, with Mr. Severance joining Axioma’s New York City branch. He has since been tasked with Axioma’s sales, marketing, and business development efforts in the region.