Data Management Insight Data Governance The latest content from across the platform

Thomson Reuters Signs Agreement to Purchase GRC Vendor Paisley

Originally appeared in MiFID Monitor Thomson Reuters has signed a definitive agreement to acquire Paisley, a US-based software provider of governance, risk and compliance (GRC) solutions. According to the financial information giant, once the deal has received the required regulatory approvals, Paisley will become part of its Tax & Accounting business. Paisley’s solutions are focused…

BAFT and Bankersalmanac.com Collaborate to Extend Due Diligence Repository

Originally appeared in MiFID Monitor Bankersalmanac.com and the Bankers’ Association for Finance and Trade (BAFT) have agreed to collaborate on promoting and extending the coverage of the reference data vendor’s Due Diligence Repository, which was launched in 2004. The repository has been set up by Bankersalmanac.com as an industry utility and BAFT will be engaged…

Omgeo Appoints Kumar, Johnston, Burkley and Robson to Board

Omgeo, the post-execution trade management solutions provider including Alert for standing settlement instructions (SSIs), has added four new members to its board of managers. The new board members include Naresh Kumar, managing director and global head of operations of the institutional clients group at Citi, Peter Johnston, managing director of global securities and clearing operations…

Stuart Clark Announces Retirement as CEO of Interactive Data

Stuart Clark has announced his plan to retire next year after 14 years at the helm of data services vendor Interactive Data. Clark has worked for the vendor or one of its predecessor companies for over 40 years. The nominating and corporate governance committee of the board will identify and screen potential successors over the…

Taking the Risk Out of Mutual Fund Compliance By Jeff Levering, Vice President, NewRiver

Selling a mutual fund requires complex mutual fund information to be summarised down into data that sellers can understand, which is most often driven by a technology or data warehouse infrastructure. Missing and/or bad mutual fund data is nothing new, but it has recently garnered the attention of regulators as it was directly responsible for…

President Role Propels Ex-SunGard Man Richards to BPS

Dale Richards, the ex-SunGard executive vice-president who launched its enterprise data management strategy, has been named president of BPS (Business Propulsion Systems), provider of enterprise governance, risk and compliance solutions. Since leaving SunGard, the former FAME CEO had been running LakeFront Data Ventures, a company seeking to build a network of small EDM providers. Richards’…

As Schueneman Leaves Omgeo Management Board, Merrill’s Devine and Northern Trust’s Doan Step Up

Omgeo has appointed John Devine of Merrill Lynch and Marianne Doan of Northern Trust to its board of managers. Diane Schueneman of Merrill Lynch, a five year veteran of the board, has retired her position due to increased leadership responsibilities at her firm. The 12 members of the board are responsible for representing the interests…

MiFID: Will Firms be Ready by April 30, 2007? By Dr. Anthony W. Kirby, Founder, RDUG

The European Union’s pending MiFID initiative, or the Markets in Financial Instruments Directive, replaces the Investment Services Directive (ISD), which was originally adopted in 1993. The ISD defined “home” and “host” state regulators, establishing the conditions under which authorized investment firms and banks could provide specified services in other EU member states on the basis…