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

A-Team Insight Blogs

Mark Hepsworth Sets Sail as CEO of Asset Control

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.

Related content

WEBINAR

Recorded Webinar: Managing the transaction reporting landscape post Brexit: MiFID II, SFTR, EMIR

The transaction reporting landscape has, for many financial institutions, expanded considerably in size since the end of the UK’s Brexit transition period on 31 December 2020 and the resulting need for double reporting of some transactions to both EU and UK authorities. It has also changed dramatically following the UK government’s failure to reach equivalence...

BLOG

Reformis Adds Matrix IDM and NeoXam to Vendor Partner Programme

Reformis, a buy-side business transformation consultancy, continues to build out its vendor partnership programme with the addition of Matrix IDM’s cloud native data management software, and NeoXam’s Impress reporting solution. These join the company’s list of existing partners and products including IHS Markit’s EDM software, Snowflake’s cloud data platform, and Compliance Solution Strategies’ Accudelta product....

EVENT

RegTech Summit APAC Virtual

RegTech Summit APAC will explore the current regulatory environment in Asia Pacific, the impact of COVID on the RegTech industry and the extent to which the pandemic has acted a catalyst for RegTech adoption in financial markets.

GUIDE

RegTech Suppliers Guide 2020/2021

Welcome to the second edition of A-Team Group’s RegTech Suppliers Guide, an essential aid for financial institutions sourcing innovative solutions to improve their regulatory response, and a showcase for encumbent and new RegTech vendors with offerings designed to match market demand. Available free of charge and based on an industry-wide survey, the guide provides a...