The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Former Reference Data Exec Van Lunteren Exits RBS, Unlikely to be the Last

After three years as head of common reference data for Royal Bank of Scotland (RBS) and, prior to its acquisition, ABN Amro in the Netherlands, Martijn van Lunteren has exited the building. As noted by Reference Data Review earlier this month, RBS has made no secret of its plans to cut around 3,500 back office jobs over the next few months, so van Lunteren is unlikely to be the last data management executive to vacate the premises.

Van Lunteren is now touting his services as an independent contractor for project management, consultancy and analyst roles.

From 2007 until this month, van Lunteren was business owner for the group-wide Common Reference Data department, which transitioned from ABN Amro into RBS in 2008. The department is a centralised function within the group responsible for the sourcing, maintenance and distribution of common reference data and, in particular, supporting the firm’s Basel II reporting globally.

As noted by former colleague and head of reference data at RBS Mark Davies, a centralised department such as this is not the norm in the market, as most other companies have centralised data management systems at a divisional level. A significant initiative is also continuing within RBS to improve the overall quality of its reference data as part of its One Risk project.

During his time at ABN Amro and RBS, van Lunteren was responsible for the management and budgeting for the business team, overseeing the offshored operations team in ACES India and had functional responsibility for the technology team including its outsourced partner.

Within RBS a golden source was created for calendar data that is retrieved from an external supplier covering currency/bank, trading and settlement data. Van Lunteren acted as the responsible project manager for the successful design and deployment of the service and its roll out to more than 40 applications across RBS.

He started his career at ABN Amro back in 2000 as team manager for group billing.

Related content

WEBINAR

Recorded Webinar: Developing operational resilience

Financial institutions’ operational resilience – essentially the ability to prevent, adapt and respond to, and recover and learn from operational disruptions – has come under extreme pressure during the coronavirus pandemic, with last year’s March lockdown creating unprecedented circumstances for financial firms. Employees working from home raised the stakes, as they still do, adding to...

BLOG

Europe and ESG: Counting Down to SFDR

By Francesco Cavallini, Client Relationship Director, IQ-EQ. In its commitment to channeling private financial flows towards investments that support Paris Agreement targets – and more broadly the United Nations’ Sustainable Development Goals (SDGs) – the European Union adopted the European Green Deal in March 2018. Some policy initiatives within this deal specifically target the finance...

EVENT

Data Management Summit New York City

Now in its 10th year, the Data Management Summit (DMS) in NYC explores the shift to the new world where data is redefining the operating model and firms are seeking to unlock value via data transformation projects for enterprise gain and competitive edge.

GUIDE

Regulatory Data Handbook 2020/2021 – Eighth Edition

This eighth edition of A-Team Group’s Regulatory Data Handbook is a ‘must-have’ for capital markets participants during this period of unprecedented change. Available free of charge, it profiles every regulation that impacts capital markets data management practices giving you: A detailed overview of each regulation with key dates, data and data management implications, links to...