They will spin off the business as a priority. Lots of good products but very little money and some seriously dumb business leaders running the show.
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RE @VIlrihH-9bfo's post, "Agree and begs the question why many are still there or even got into these positions in the first place."
It's because of who they know, and not their abilities, mixed in with a great deal of entitlement.
Agree and begs the question why many are still there or even got into these positions in the first place.
7klw's comment - "no one in London running the risk business has the subject expertise or experience unfortunately..." Incredibly true - utter lack of management skill, product experience, technical vision, or clients' perspectives / needs.
no one in London running the risk business has the subject expertise or experience unfortunately...
Anyone who thinks risk is dead in the water is woefully misinformed. ERMT and KYCaaS are disasters, but C3PR and EDD are still doing very well. Both have the potential to keep growing at >20% over the medium term.
But we do need new leadership. Phil bet big on KYCaaS and lost. He never had the subject matter expertise to run risk, and reporting to someone as out of touch as Debra has not helped.
Risk is far from "dead in the water." Not even close. True, they might spin it off, but the Screening business (World-Check & EDD) is still quite profitable, and there is promise in Digital Identity going forward. Still growing at over 20%. Need a new leader running the show. It is DC's baby, and will find a good spot. I wouldn't be surprised if TR bought it back.
If its a viable business, BS will spin it out. If not they will kill it. Thats their job
Hasn't part of GRC been outsourced already? Wonder how that is going, guessing it is probably not positively.
There is a tremendous amount of profitability in the Risk space, true. They ran eLEarning into the ground. They picked an Italian start up to be their new integrated learning management system against advice of those in the business. Marion Leslie and Phil Cotter couldn’t have given a rats a-- about it as they were in the same portfolio as PRS. Abishek Shukla was also surprisingly ineffectual as a leader and guess what, now it sits in Legal.
Risk is dead in the water.
GRC was in 2013/4 was the fastest growing business unit in Thomson Reuters. Annual growth of +25%.
They then integrated it into F to underpin losses.
Pure mis-management has taken a titan of the risk and compliance space to a laughing stock.