ACA Group, a governance, risk, and compliance (GRC) firm within financial services, has announced the appointment of Patrick Olson as CEO.
Olson is also joining the Board of Directors at ACA. The former CEO, Shvetank Shah, who led the firm from January 2020, will take up a role as senior advisor.
ACA Group has built a reputation as the leading provider of GRC solutions within the financial services sector. The company has pioneered the way in delivering regulatory, cybersecurity, performance, and technology solutions to over 6,300 financial services firms. Its offering meets the pressing need for effective governance, risk management, and compliance within the rapidly evolving financial sector.
Patrick Olson, the newly appointed CEO of ACA, brings three decades of experience in financial services, investment banking, and asset management. He has an impressive track record with BlackRock, the world’s largest asset manager, where he held significant leadership roles over 17 years. Prior to BlackRock, he served as a Managing Director at Merrill Lynch.
Stepping down from the CEO role, Shvetank Shah has made significant contributions to ACA’s growth and stability, the firm claims. His expertise and experience will continue to benefit the company in his new advisory role.
Olson’s appointment comes at a time when the firm has been showing significant growth over the past 20 years, becoming the trusted provider of GRC solutions for a multitude of financial services firms. Genstar Capital’s Sid Ramakrishnan and Tony Salewski expressed their appreciation for Shah’s leadership and set high expectations for Olson’s tenure as CEO.
Patrick Olson, CEO, ACA, expressed his enthusiasm: “I am truly excited and honoured to be joining ACA at this time of exceptional opportunity. The global trends in outsourcing and GRC have allowed ACA to establish itself as the leading provider of GRC solutions to the financial services industry. GRC at this level is not only about compliance but also about driving operational excellence for clients.
“I look forward to working with the talented team at ACA and our dedicated partners at Genstar helping to drive our vision forward, deliver exceptional value, and shape the future of GRC.”
ACA recently released ACA Vantage for Cyber to help private markets firms discover, prevent and remediate critical cyber vulnerabilities across their portfolio.
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