Peter Cowap appointed Director of the Technology Centre for Financial Services – Governance, Risk and Compliance
Mr. Peter Cowap has been appointed Director of the IrishTechnology Centre for Financial Services – Governance, Risk and Compliance (GRCTC).
He took up employment at the Government-funded Technology Centre, which is hosted by University College Cork, on 6th January 2014.
The GRCTC is an industry-led centre for innovation and research for governance, risk and compliance in financial services and is one of 15 Technology Centres supported by the joint Enterprise Ireland and IDA Ireland Technology Centre programme. The centre is currently being rolled out as part of the Government’s Action Plan for Jobs and will be formally launched along with announcement of further details on funding, work programme and industry partners in the coming months.
Mr. Cowap holds an LL.B (hons) in law (Leeds) and an MBA (Management) from the City University Business School and has accumulated a great deal of experience in the corporate governance and regulation sector having held senior positions in a number of banks and corporations including; AIB Group, Deloitte Ireland, the HSBC Group and Diageo PLC.
In his role as GRCTC Centre Director, Mr. Cowap will ensure that the aims and objectives of the centre, which was formulated by the industry members, is met by the research team, led by UCC and supported by UCD and NUIG.
The industry membership includes a mix of indigenous and Ireland-based MNC financial services and software companies.
On his appointment, Mr. Cowap outlined what the Technology Centre for Financial Services Governance Risk and Compliance will deliver; ”In the aftermath of the global financial crisis and with the overarching need to avoid a future failure of systemic magnitude, the GRCTC’s semantic ontology work in particular is designed to help disambiguate complexity, through the application of structured natural language, in turn underpinning the embedding of globally coherent rules”.
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