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

Mark Hepsworth Sets Sail as CEO of Asset Control

Subscribe to our newsletter

The arrival of Mark Hepsworth at Asset Control signals a shift away from the company’s traditional focus on large enterprise data management solutions and a move towards the provision of more focused use case products such as the Fundamental Review of the Trading Book (FRTB) solution introduced last month and the company’s independent price verification service.

We caught up with Hepsworth on his third day as CEO of Asset Control and after a short break since he departed IDC in February following its takeover by InterContinental Exchange (ICE) late last year. Hepsworth replaces Richard Petti, a former SunGard Data Systems executive who took the helm at Asset Control in October 2013, a couple of months after the company was acquired by Marlin Equity Partners, and left a few months ago.

Hepsworth brings 20 years’ of experience at IDC to Asset Control, most recently as president of EMEA at the data services company and before that as head of the company’s pricing and reference data business based in New York City. He is also no stranger to the private equity ownership model having worked with erstwhile IDC owners Warburg Pincus and Silverlake Partners to transform the company, and continuing to work with private equity firms after leaving IDC.

Considering how he might take Asset Control forward, Hepsworth says: “The company is well respected and established in the data management space, and it has a strong client base. Its core strengths are its product functionality, technology tools and global footprint. With these attributes in place, we can look at how data management requirements are changing and evolve the business.”

Rather than focusing on large-scale, centralised golden copy projects based on the Asset Control platform, Hepsworth plans to nurture smaller, but vital, use case solutions such as the FRTB solution that builds on the company’s AC Risk Data Manager software and focuses on the market data management requirements of the Basel Committee regulation.

He says: “We have the building blocks to provide use case solutions and there is already resonance for these in the market. Part of my job is to decide the next use case solutions we need to develop. They will probably fall into three buckets: regulation, risk and helping clients operate more efficiently and reduce expenses.”

With a clear direction from Marlin Equity Partners to develop Asset Control, day four and beyond will see Hepsworth getting to know the company’s 60-plus customers and working on strategic growth plans.

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

Salesforce to Buy Informatica, Betting on ‘Switzerland of Data’ to Drive AI

Data management giant Informatica is to be acquired by Salesforce in a deal valued at US$8 billion, giving the CRM behemoth a cloud-based data business on which to further build its artificial intelligence ambitions. The California-based companies entered into an agreement for the deal, which will see Salesforce buy all the Informatica stock it doesn’t...

EVENT

Data Management Summit New York City

Now in its 15th year the Data Management Summit NYC brings together the North American data management community to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...