Ripjar has named a new CEO as its private equity backer completes a follow-on majority growth investment into the Cheltenham RegTech firm.
Long Ridge Equity Partners has installed Tom Obermaier as CEO at the technology provider of risk and threat intelligence solutions for financial services firms, corporations and governments.
Obermaier brings a wealth of industry experience having managed trillions of dollars of risk as a chief risk officer at leading financial institutions including Citibank and Deutsche Bank. As CEO at RDC, he pioneered a leading customer risk diligence standard before its acquisition by Moody’s Analytics.
He succeeds co-founders Jeremy Annis (pictured) and Tom Griffin. Former CEO Annis will continue to serve on Ripjar’s board of directors.
“It has been an honour to lead Ripjar together with our team, and I am pleased to announce Tom Obermaier as my successor,” said Annis. “Tom is a proven leader who joins at the perfect time to transition CEO duties. I look forward to working with Tom in the next stage of growth as Ripjar continues to innovate and support our customers.”
Ripjar says it is focused on growing its operations internationally and enhancing its purpose-built tools for risk detection and threat analysis, such as its umbrella of RiskGPT solutions.
“Ripjar has a robust heritage in artificial intelligence and machine learning, and its technology equips compliance and investigative teams with the tools they need to protect their estate, maintain industry standards, and future-proof their operations,” said Obermaier.
“I’m looking forward to enhancing the critical Ripjar value proposition by driving further technological innovation and expansion across new markets and regions.”
Jason Melton, partner at Long Ridge Equity Partners, added: “We thank Jeremy Annis and Tom Griffin for their commitment to innovation and Ripjar’s clients while leading the company over the past decade-plus.
“We look forward to their continued support as advisors to the company.”