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

A-Team Insight Blogs

Information Mosaic Poaches TCS’ Singh to Spearhead New Indian Operations

In another instance of what seems to be a recent spate of corporate actions vendor musical chairs, Information Mosaic has poached Tata Consultancy Services’ (TCS) Manmohan Singh to help it establish a new office in India. Singh brings with him his management team in order to establish a new development facility for the vendor in New Delhi, India, over the next few months.

Singh joins as global head of product leadership and will be a member of Information Mosaic’s executive team with global responsibility for pre-sales and product management. The vendor is keen to expand its Asian reach and this appointment is an integral part of its growth strategy, says John Byrne, Information Mosaic’s CEO and president.

“Manmohan’s in depth knowledge and vast experience of our industry will help us take our company’s growth and leadership to the next level. We recognise the increasing importance of Asia in the global marketplace and these additions to our New Delhi team, as well as the establishment of our facility in India, reflect our strong commitment to the region. We plan to recruit aggressively, increasing headcount in New Delhi to 100 staff over the next 12 months,” he explains.

As well as knowledge of the Indian market, Singh has also long been a proponent of corporate actions standards and currently serves on the Securities Market Practice Group (SMPG) and National Market Practice Group (NMPG) committees. The vendor is likely hoping this domain knowledge in combination with his local market profile and expertise will combine to ease its entry into the Indian domestic and wider Asian markets.

Singh cites the vendor’s “collaborative ethos and the high integrity of its staff” as reasons for his move from TCS, where he was a consultant.

Information Mosaic has also recently refocused its efforts in the US market by transferring its global sales support team head, Gerard Bermingham, from Ireland to New York. Bermingham is now vice president of product consulting for Information Mosaic Americas and is charged with overseeing the vendor’s planned expansion in the local market.

This refocusing is likely a reaction to the changing competitive landscape in the corporate actions and custody space, as new entrants appear and more established vendors compete for traction in new geographies. Direct competitors to Information Mosaic such as SmartStream have also been extending their Asian ambitions, for example. SmartStream added another office in Asia earlier this month in Tokyo with a view to gaining local traction for solutions including its TLM Corporate Actions offering.

The Indian base for Information Mosaic will therefore likely be the first of many planned office openings in the region, as it scales up its ambitions in the fight for geographic footprint.

Related content

WEBINAR

Recorded Webinar: A new way of collaborating with data

Digital transformation in the financial services sector has raised many questions around data, including the cost and volume of reference data required by each financial institution. Firms want to pick and choose the reference data they need to fulfil their requirements. Emerging solutions with the potential to decrease the cost of data and increase flexibility...

BLOG

DSB Managing Director Emma Kalliomaki Outlines Issues in Progressing the UPI

As the Derivatives Service Bureau’s (DSB’s) first round of industry consultation on fee principles for the Unique Product Identifier (UPI) plays out, we talked to Emma Kalliomaki, managing director of ANNA and the DSB, about some of the issues involved in getting the UPI up, running and ready for its Q3 2022 release. Early conversations...

EVENT

TradingTech Summit Virtual

TradingTech Summit (TTS) Virtual will look at how trading technology operations can capitalise on recent disruption and leverage technology to find efficiencies in the new normal environment. The crisis has highlighted that the future is digital and cloud based, and the ability to innovate faster and at scale has become critical. As we move into recovery and ‘business as usual’, what changes and technology innovations should the industry adopt to simplify operations and to support speed, agility and flexibility in trading operations.

GUIDE

What the Global Legal Entity Identifier (LEI) Will Mean for Your Firm

It’s hard to believe that as early as the 2009 Group of 20 summit in Pittsburgh the industry had recognised the need for greater transparency as part of a wider package of reforms aimed at mitigating the systemic risk posed by the OTC derivatives market. That realisation ultimately led to the Dodd Frank Act, and...