UK-based IMS Group, a provider of regulatory compliance consulting and integrated business support, has entered into a joint venture with Eukleia Training, a global compliance training company, to deliver compliance training courses tailored for the alternative asset management sector. IMS has financial backing from Sovereign Capital, a UK-based buy and build specialist.
The IMS Group (IMS), the market leading provider of regulatory compliance consulting and integrated business support, has entered into a joint venture with Eukleia Training (Eukleia), a global compliance training company, to deliver a full suite of compliance training courses tailored for the alternative asset management sector.
IMS and Eukleia have jointly developed a suite of elearning courses and workshop sessions covering general compliance, financial crime and market conduct. The elearning courses also comprise an associated learning management system that enables firms to assign, track, audit and report training undertaken by their staff, creating a vital record which will become increasingly important as regulatory requirements continue to grow.
Patrick Thompson, Chief Executive, Eukleia Training, said: “Effective compliance training is a vital tool in managing regulatory and reputational risk and in developing investor confidence in the control environment of the firm. For too long there has been a lack of elearning courses designed to meet the specific requirements of the alternatives sector.By partnering with IMS we aim to correct this and provide high quality elearning products which complement the existing workshop offerings of IMS.”
Michel van Leeuwen, Chief Executive, The IMS Group, said: “With continued upheaval in both markets and regulation, staff of financial services firms must understand the key regulatory obligations that relate to their role as well as the impending changes to the underlying rules. The continuual education and training of staff is a critical component of a firm’s systems and controls, to enable it to manage its affairs responsibly, in particular with regard to staff competency and capability. Furthermore, the ability to audit and report on training based competence of staff, facilitates enhanced operational risk control.
“It is essential that senior management of regulated firms understand the regulatory expectations of themselves as individuals and also as instigators and guardians of the firm’s systems and controls.”
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The IMS Group
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About The IMS Group
www.theimsgroup.co.uk. The IMS Group (IMS) is a professional financial services group for the asset management and securities industry with offices in London, New York, Boston and San Francisco. IMS’ core service offering is regulatory compliance consulting. Alongside this, IMS provides related services including hosted regulatory permissions, due diligence, compliance training, online compliance software tools (Evenwheel), risk management and recruitment.IMS supports more than 700 investment businesses, ranging from established global firms to start-ups. Its clients include many of the world’s largest hedge fund managers, private equity firms, fund of funds managers, family offices and institutional pension fund managers. IMS is backed by Sovereign Capital, the UK’s Buy and Build private equity specialist.
About Eukleia Training
Eukleia was established in 2005 and has a reputation as one of the foremost global compliance training companies. Headquartered in the City of London it specialises in the development and deployment of elearning solutions for the banking, investment banking as well as the traditional and alternative asset management sectors.