About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

LakeFront Data’s Richards Joins First Derivatives as President of its US Operations

Subscribe to our newsletter

Earlier this year, First Derivatives bought Reference Data Factory (RDF) for around US$10 million and Dale Richards, CEO of LakeFront Data Ventures and board member of RDF, joined the advisory board of the market data and risk management focused solution provider. Richards, who has since taken a back seat at his own start-up LakeFront Data Ventures, is now set to lead First Derivatives’ push in the reference data space as president of its US operations.

Richards also joins the board of directors of First Derivatives and the vendor is seemingly hopeful his 25 years of experience in the data management field will stand him in good stead to push its new back office and reference data capabilities, which were acquired along with RDF last October. First Derivatives has been working on integrating its market data and risk management focused Delta suite of products with the RDF portfolio and Richards has been engaged in ensuring this process has been a smooth one.

The Delta suite of products, which includes algorithmic and programme trading solutions, market data solutions, risk management applications and market data management software, now sit alongside RDF’s integration tools, feed handlers, data model and data distribution tools.

As well as his role at First Derivatives, Richards will also remain on the board of the data management consultancy boutique firm that he founded LakeFront Data Ventures, which has now become a strategic partner of First Derivatives. Some months prior to its acquisition, RDF was in fact demerged from LakeFront Data Ventures, so the advisory and consulting firm is no stranger to the RDF portfolio.

Prior to his setting up of LakeFront Data Ventures, Richards was chief data officer and vice president of corporate business development at First Derivatives’ rival SunGard. He was charged with leading SunGard’s overall EDM strategy to launch its global integrated data management external approach. He was also one of the three founding members of the EDM Council.

Prior to SunGard’s acquisition of Fame Information Services in 2004, he was president and CEO of Fame, which at the time was backed by new Interactive Data part-owner and private equity house Warbug Pincus. During his time at Fame, Richards restructured the company and launched a strategy to leverage its data management capabilities into the emerging reference data management market.

Before Fame, he was founder, president and CEO of Benton Associates, a global consulting, software solutions, data management and quantitative analytics company acquired by Fame. He certainly has hands on experience of the acquisition trail and its consequences.

Richards has also previously held senior product and client-facing positions with Algorithmics, Reuters and Interactive Data.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: An Agile Approach to Investment Management Platforms for Private Markets and the Total Portfolio View

Data and operations professionals at private market institutions face significant data and analytical challenges managing private assets data. With investors clamouring for advice and analysis of private markets in their search for returns, investment managers are looking at ways to gain a more meaningful view of risk and performance across all asset types held by...

BLOG

Getting Data Right is Crucial to Deriving Value From AI: DMI Webinar Review

Capital markets participants are struggling with data sourcing and cleansing as they deploy artificial intelligence to streamline operations, improve customer relations and add value to their services, according to the latest A-Team Group poll. In a survey survey of attendees at last week’s Data Management Insight webinar on data quality for AI it also emerged...

EVENT

TradingTech Briefing New York

Our TradingTech Briefing in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

Regulatory Data Handbook 2025 – Thirteenth Edition

Welcome to the thirteenth edition of A-Team Group’s Regulatory Data Handbook, a unique and practical guide to capital markets regulation, regulatory change, and the data and data management requirements of compliance across Europe, the UK, US and Asia-Pacific. This year’s edition lands at a moment of accelerating regulatory divergence and intensifying data focused supervision. Inside,...