LONDON—May 28, 2012—FICO (NYSE:FICO), the leading provider of analytics and decision management technology, today announced that it has hired Nicola Pearce to lead the company’s initiatives around capital management and banking regulations in Europe, the Middle East and Africa (EMEA). Pearce will help FICO’s clients in the region meet aggressive new capital targets and banking regulations while focusing on profitable growth.
Pearce is a senior risk professional with more than 10 years of risk management consulting experience with major financial services providers and consulting firms. Prior to joining FICO, Pearce led Moody’s Analytics consulting practice across EMEA, where her team built Basel models and undertook independent credit assessments and benchmarking, process reviews, and default rate reviews. She was previously team leader of the Risk and Capital Advisory Team for PricewaterhouseCoopers. >From 2001-2007, Pearce held a series of risk management positions at Barclays Bank, including senior credit risk modeler and senior risk product manager. She holds a Bachelor’s degree in Chemistry and a Master’s degree in Instrumental and Analytical Methods Biological and Environmental Chemistry, both from the University of Warwick.
“Banks in this region are focused on two crucial disciplines — risk management and capital management,” said Mike Gordon, vice president and general manager for FICO in EMEA. “Nicola has tremendous experience in both areas, and brings to FICO clients a clear vision for how these disciplines need to be integrated with the retail bank.”
“Capital is becoming a scarce commodity at banks, and risk managers now need to focus on capital acquisition and return more than they ever have,” Pearce said. “FICO has pioneered the analytic technologies needed to help all banks optimize their capital, comply with new regulations and serve the economy’s demand for credit. I’m proud to be part of FICO’s consultancy practice at this turning point for the banking industry.”
FICO (NYSE:FICO), formerly known as Fair Isaac, delivers superior predictive analytics solutions that drive smarter decisions. The company’s groundbreaking use of mathematics to predict consumer behavior has transformed entire industries and revolutionized the way risk is managed and products are marketed. FICO’s innovative solutions include the industry-leading solutions for measuring credit risk, managing credit accounts, identifying and minimizing the impact of fraud, and customizing consumer offers with pinpoint accuracy. Most of the world’s top banks, as well as leading insurers, retailers, pharmaceutical companies and government agencies, rely on FICO solutions to accelerate growth, control risk, boost profits and meet regulatory and competitive demands.
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Statement Concerning Forward-Looking Information
Except for historical information contained herein, the statements contained in this news release that relate to FICO or its business are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including the success of the Company’s Decision Management strategy and reengineering plan, the maintenance of its existing relationships and ability to create new relationships with customers and key alliance partners, its ability to continue to develop new and enhanced products and services, its ability to recruit and retain key technical and managerial personnel, competition, regulatory changes applicable to the use of consumer credit and other data, the failure to realize the anticipated benefits of any acquisitions, continuing material adverse developments in global economic conditions, and other risks described from time to time in FICO’s SEC reports, including its Annual Report on Form 10-K for the year ended September 30, 2011 and its last quarterly report on Form 10-Q for the period ended March 31, 2012. If any of these risks or uncertainties materializes, FICO’s results could differ materially from its expectations. FICO disclaims any intent or obligation to update these forward-looking statements.
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