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Industry Veterans Launch Vantage

Feb 3, 2020

Industry Veterans Launch Vantage, a Compliance Risk Management Firm Focused On BSA/AML Compliance

Vantage GRC Solutions, LLC Created Through Majority Share Acquisition of GRC Solutions, LLC 

 New York, N.Y., February 3, 2020 – Led by Lex Fenwick, Arun Banerjee, and Brad Breslin, Vantage GRC Solutions LLC (“Vantage”) was formed following their acquisition of a majority share of GRC Solutions, LLC (“GRC Solutions”). The transaction closed in October 2019 and the new firm will market under the Vantage GRC Solutions brand name. Originally founded in 2012, GRC Solutions’ legacy of helping financial institutions manage their compliance risks makes it a strong platform for growth in several key areas including financial crimes remediation, anti-money laundering (“AML”) technology integrations, model validations and compliance testing.

“Over the last decade, compliance costs and complexity have grown exponentially. As we continue to expand Vantage, our clients will be supported through the next phase of regulatory change as they strive to protect their people, customers and company by staying one step ahead of those looking to do harm within today’s global financial systems,” said Lex Fenwick, Chairman. 

With an established team of subject matter experts, Vantage brings its practical expertise to its foreign and domestic clients helping them remediate, design and effectively deploy solutions to meet the specific regulatory requirements set forth by the Federal Reserve, Office of the Comptroller of the Currency, New York State Department of Financial Services and Federal Deposit Insurance Corporation. 

“We are excited by this transaction and we will continue to deepen our expertise in AML, Bank Secrecy Act and sanctions by attracting the best talent from the industry. Our goal at Vantage is to always bring the best solutions to our clients by focusing on delivering proven advisors and cost-effective technology-enabled solutions that our clients value as they face increasingly complex regulatory challenges,” said Arun Banerjee, Chief Executive Officer. 

“Vantage was launched, and is uniquely positioned, to serve as the next-generation compliance risk management platform for the market,” noted Brad Breslin, Chief Operating Officer. “Clients want holistic solutions and Vantage is singularly focused on building to deliver the best integrated advisory, managed services, and technology solutions.” 

Uniquely Qualified Team of Industry Veterans 

Vantage is led by Mr. Fenwick, Mr. Banerjee, and Mr. Breslin. Each brings proven experience in the ability to quickly scale enterprises by providing clients with industry-leading, technology-enabled and sustainable solutions. 

Lex Fenwick, serving as Chairman, previously was the Chief Executive Officer for Dow Jones & Company. Mr. Fenwick joined Dow Jones after more than two decades at Bloomberg L.P., serving in his last position as CEO. During his tenure as CEO of Bloomberg L.P., the company increased its terminal base to over 285,000 worldwide, and launched many new businesses and innovations. Mr. Fenwick also founded Bloomberg Ventures in July 2008, which was designed to explore opportunities to enhance, expand, and diversify Bloomberg products. 

Arun Banerjee, Chief Executive Officer, is a recognized industry expert in the areas of risk management and regulatory compliance with over twenty years of advisory experience serving financial institutions. As CEO of Vantage, Mr. Banerjee has overall responsibility for the management and operation of the company as well as business development. Prior to joining Vantage, he served as Managing Director and Chief Revenue Officer at Exiger – a global regulatory and financial crime, risk and compliance firm. He also previously held senior leadership positions with Dow Jones, Kroll, and Goldman Sachs and has specialized in risk and compliance and developing solutions for both domestic and foreign financial institutions. 

Brad Breslin, Chief Operating Officer, joins Vantage from Exiger where he most recently served as the Global Head of Managed Services and Operations. At Exiger, he was responsible for opening their European and near-shore managed services delivery centers and driving operational improvements to scale their rapidly growing Advisory business. As COO of Vantage, Mr. Breslin has responsibility for implementing strategic initiatives, devising operational efficiencies to support scalability, and leading partnerships and acquisition strategy. Prior to Exiger, Mr. Breslin was a Managing Director at K2 Intelligence, Managing Director at Thacher Associates, and was an attorney with the U.S. Department of Justice.

 For further information about Vantage, please contact Shannon Prekop at sprekop@vantagegrc.com 

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