Ken Price has left his role as CEO of Avox, making way for DTCC business development head Mark Davies to take the CEO’s role at the reference data company. UK-based Avox was co-founded by Price and acquired by DTCC in July 2010, at which time Price said he would leave the company once it had settled within DTCC.
Davies joined DTCC in January 2012, after nearly four years as head of reference data, shared services finance at the Royal Bank of Scotland. He was previously manager of legal entity data at Barclays Capital for seven years and was also Avox’s first client.
We remember when Price first set up Avox and talked of his hopes of setting up what was essentially an industry utility to make dealing with counterparty data easier and better. And he’s done just that. Along the way, he’s also added some real energy and life to the reference data business and we hope he re-emerges in the industry. We wish him the best of luck.