Executive search firm GRS has launched GRC, a new risk consultancy.

GRC will concentrate on complex risk management projects across credit, market and operational risk for financial institutions.

The consultancy will also offer advisory work on counterparty and structured credit risk management, reporting and analysis.

The consultancy will be headed up by Richard Lumley, a former director at financial firm CIFG.   
 
Ken Brotherston, chief executive of GRS Group, said: “We are constantly looking to provide our clients with better and more wide-ranging services and  GRC will enable us to offer our clients a comprehensive risk consulting service. GRC will operate independently from our existing executive search operations although it will utilise the resourcing and project management skills of our established Interim business as required.”