Risk management firm, Algorithmics Inc., reported that it has appointed two co-managing directors for its capital management business.

Kim Olson, current managing director of Fitch Ratings’ credit policy group, will join Algorithmics to serve as co-managing director of its capital management business, along with Mina Wallace, Algorithmics’ vice president global operations and managing director North America. Olson will join Algorithmics effective June 1.

Algorithmics, which is headquartered in Toronto, was acquired by Fitch in January.

As a managing director in Fitch Ratings’ credit policy group Olson serves as a liaison and spokesperson on regulatory and corporate governance issues. She had a key role in developing a methodology to explicitly factor corporate governance within Fitch’s corporate rating methodology and has worked on credit ratings policy criteria issues.

“Kim Olson’s credit, banking and regulatory experience make her uniquely qualified for the challenge of co-directorship of our capital management business,” said Dr. Michael Zerbs, president and chief operating officer at Algorithmics. “Kim’s extensive work in credit and capital management, combined with Mina Wallace’s experience in software operations and go-to-market programs, will further Algorithmics’ leadership in capital management. They will oversee Algorithmics’ proven and successful solutions for economic capital, credit models and analytics, credit data, credit exposure and advisory services.”

Wallace oversees efficiency and profitability of the Algorithmics field operations and has been instrumental in go-to-market activities, business development and client relationship management. With over 15 years of executive management experience in operations covering sales and services in the wireless technology and software applications industries, she has also overseen Algorithmics’ sales activities throughout North American for the past year.

“Kim will be a great partner as we support the market momentum of Algorithmics’ capital management offering,” said Wallace. “Algo Capital is already a key component in a number of Basel II initiatives including extensive projects at two of the world’s top 10 banks and several leading regional banks. The incremental and long-term strategic benefits of our solution have drawn significant market interest. Our goal will be to continue to provide the best solutions that directly meet our clients’ capital management requirements.”