In line with its current focus on the data aspects of regulatory compliance, EDM vendor Asset Control has added a new member to its team with direct experience in the risk and regulatory capital management sector: ex-Moody’s executive Simon Cheshire. He joins as vice president of strategy and business development and will be based in Asset Control’s New York office.
In his new role, Cheshire will be responsible for working as part of Asset Control’s global leadership team with clients, partners and industry bodies to refine the company’s strategy by prioritising and executing on the company’s key growth opportunities, and managing its partner relationships.
His previous experience as head of strategy and corporate development at Moody’s KMV, focused on risk and regulation, should stand him in good stead in this new position. This development work will likely involve some involvement with the vendor’s AC Invest solution, which it launched last year in the data compliance space.
According to Cheshire, he was recruited directly by the board in cooperation with head hunters Russell Reynolds to head strategic planning and run the partnership program at the vendor. He has been tasked with first implementing a strategic planning process to define the vendor’s strategy and then prioritising and accelerating the successful execution of growth opportunities. Cheshire indicates he will also be responsible for developing and executing the vendor partnership and alliance programme, as well as managing two direct reports.
Cheshire has held key management positions at Moody’s KMV and Reuters, as well as Citigroup in Zurich, Paris and London. Immediately prior to his appointment at Asset Control, Cheshire spent a couple of years as a consultant advising on general corporate and business development issues.
At Moody’s KMV he helped to redefine the company’s focus on the enterprise risk and regulatory capital management sectors. Prior to that, Cheshire was head of strategic business development, global accounts for Reuters. He represented Reuters on the board of directors of a fixed income trading platform created by Reuters and a consortium of leading investment banks. He also launched and led Reuters’ business in the American commercial insurance industry.
Asset Control is likely hoping Cheshire will lend his experience to the cause of promoting the AC Invest solution, which is aimed at providing more transparency and control around reference data with a view to improving firms’ compliance and audit functions. Last year, the vendor bagged nine new clients and, according to CEO Phil Lynch, it is hopeful that AC Invest will attract yet more customers keen to tackle a more targeted area with an EDM approach.