Expertise

The team at Maela are IFRS 9 measurement and automation experts. We have the expertise and tools to measure IFRS 9 expected credit loss provisions efficiently and accurately. Our focus is to make compliance and audit as simple and cost-effective as possible.

Our tools and methodologies have been developed through interaction with big 4 audit, Moody’s Analytics and smaller audit firms and applied to thousands of calculations.

Our team has the experience and skills to evaluate which models and data should be used for each asset type so that the ECL calculation is meaningful and stands up to scrutiny.

Meet Our Team

Laurence Milner
Co-founder
Laurence is CEO of CEEi, a South African leader in Credit Intelligence and Co-founder and Director of i9 Partners and Maela. He is a Chartered Accountant with 25 years’ experience in audit, credit and outsourced services, with among others Moody’s in Europe and South Africa and the FirstRand group. He has extensive experience with credit analysis and modelling. He runs a credit outsourcing company and consults to banks, asset managers and corporations globally.
Rosh Segal
Co-founder

Rosh is an entrepreneur and a Co-founder and Director of i9 Partners and Meala. He built and exited CQS, a 200 person organisation. Rosh has vast experience in the incubation and design of new businesses and products in South Africa, among others: CaseWare audit and financial statement automation, ACL internal audit and data analysis and Cura enterprise risk management software, through a JV with KPMG.

He spent 5 years in audit and corporate finance with Grant Thornton and Deloitte. He is also an author, guest lecturer and past member of SAICA committees and working groups. Rosh has built a deep understanding and extensive network in the auditing profession and it’s ecosystem.

Walter Kusel
Actuary and Data scientist

Walter is fellow of the Actuarial Society of South Africa and an actuarial IFRS 9 and credit risk modelling expert who oversees our modelling process. He spent 4 years at PWC in the Actuarial department focusing on banking work including IAS39 and IFRS 9.

He has worked on 5 of the 6 major retail banks in South Africa on multiple advisory and assurance projects, including: Actuarial manager for IAS39 audits and review of IFRS 9 models and methodologies. As CEO of Euler he has lead IFRS 9 projects covering:

Arshad Patel
Credit Operations Manager

Arshad has more than 15 years of experience in credit and application of quantitative credit models gained at FirstRand and i9 Partners. He project manages each of our client engagements and ensures clients are guided through the data gathering process with ease.

Mariette Armitage
VP Sales and Marketing

Mariette has an extensive background in Sales and Marketing in Financial Services. She spent 13 years in London, where she worked for a number of organisations, most notably, for 9 years with Morningstar UK, where she was first Sales Director of their Equity Data Division, and later, Redistribution, 3rd Parties and Partnerships.

She brings her extensive experience in client and partner relationships to i9 Partners and Maela.

Our Partners

i9 Partners – Advisory Partner

Within the first 24 months of IFRS 9’s applicability, i9 Partners Co-founders Laurence Milner and Rosh Segal had combined the current best practice credit risk measurement techniques and tools and their expertise in servicing the audit profession to build a world class business to measure IFRS 9 expected credit losses (ECL’s) for all major financial asset categories.

This methodology and IP have been validated by over 50 major IFRS 9 assignments, and 1000’s of measurements, all accepted by the big 4 audit and many smaller firms. They also act as sub-contractors and experts to these firms on IFRS 9 matters.

Maela is proud to include this IP in some of its online services.

www.i9partners.com

CEEi – Advisory Partner

CEEi is a leading provider of outsourced credit services and consulting. CEEi process 1’000’s of PD and LGD measurements weekly for major institutions and provide us with ongoing insight into current best practice in credit risk measurement and processes.

www.ceei.co.za

Moody’s Analytics – Data and Model Partner

Maela has a strategic partnership with Moody’s Analytics, the leading global provider of credit risk measurement tools to apply their best of class risk measurement and IFRS 9 suite of software to South African corporates. This includes benchmarking and measurement tools derived from their credit research database that includes over 1 million sets of South African financial statements.

www.moodysanalytics.com

CMS – Distribution Partner

CMS Systems Solutions (CMS) was founded in 2001 to provide a wide range of professional services and solutions to clients worldwide. These include business and accounting software selection and implementation, report design, training and project management. Since 2004 CMS is the exclusive authorised distributor of CaseWare International Inc. Cyprus and Greece.

www.cms-ss.com

CPD Box – Training partner

www.cpdbox.com (formerly IFRSBox.com), lead by Silvia Mahútová, is dedicated to helping people understand and learn IFRS in an easy way since 2009.

They have over 90,000 YouTube channel subscribers and several hundred thousand visitors monthly from more than 130 countries.

They provide articles, videos and advise on IFRS to auditors, students, CFOs and accountants. They have also helped thousands of students pass their exams.

www.cpdbox.com

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