Daryl Walmsley, Managing Director of dbs Financials Systems said, “Our decision to join Chase Cooper was based on its innovative value propositions, the quality of their professionals and business approach in their market. We are delighted to be a key part of Chase Cooper and look forward to making a considerable difference in the market. With our combined strengths, we have raised the bar substantially for our competitors in the Operational Risk space and aim to capitalise significantly on our position of strength in 2005”.

Commercial details of the acquisition have not been disclosed.