Decision intelligence software firm Quantexa has appointed Lord Jonathan Evans to its advisory board.

The firm matches external data to that within an organisation, such as a bank or financial services firm, to allow that firm to build a contextual picture of its clients and effectively manage risk.

It said the appointment of Lord Evans will bring a wealth of domain and executive level experience built on a distinguished career in the Security Service, which he joined in 1980.

There he rose to the position of Director General in April 2007 and retired in 2013.

Evans was appointed Knight Commander of the Order of the Bath (KCB) in the 2013 New Year's Honours List and made a Cross Bench life peer in 2014, at the personal nomination of the Prime Minister for his public service.

Following his retirement as Director General, Evans joined the board of HSBC Holdings as a Non-Executive Director, from 2013 to 2019, where he oversaw financial crime risk, anti-bribery and corruption, as well as cyber risk.

On his appointment, Lord Jonathan Evans said: “To combat financial crime in the light of the increasing sophistication of criminals and global data growth, new approaches and technologies are needed.

“Quantexa is leading the pack in the decision intelligence market by providing a technology platform and approach which enables organisations to connect data and provide context around relationships thus enabling deeper insight and more accurate decision making”.

Vishal Marria, CEO of Quantexa, added: “We are thrilled that Lord Jonathan Evans is joining our advisory board, bringing a wealth of risk management experience across public and private sectors to our business, built over a distinguished career in public service as well as business.

“His unique skill set will be invaluable to the future growth and success of Quantexa, as we expand our solution set for contextual decisioning into adjacent sectors such as the public sector and advance the overall progress of the decision intelligence market”.