Holmes to Head Up New Cicada Subsidiary Focused on Compliance

Cicada has created a new subsidiary, Profiler Solutions, to focus on compliance. Headed by Cicada executive vice president Hubert Holmes, the new business unit will offer software solutions to help firms meet regulatory requirements around know your customer (KYC) and anti-money laundering (AML), based on its Profiler solution. As reported in Reference Data Review last month, Cicada is also releasing Profiler modules targeting the customer data issues raised by MiFID.