Reuters’ ability to meet the needs of fund administrators and their clients for reference data and pricing services has received a boost from the addition of Brian Buzzelli, formerly vice president and product manager for outsourcing services at the Bank of New York Mellon, as a business manager in its Enterprise Information division in New York (Reference Data Review, July 2007). In his new role as vice president and business manager for fund administration, valuation and back office – reporting to senior vice president Michele Kelsey – Buzzelli will leverage his recent experience within the Mellon Global Asset Services Division, where he developed a new business model for managed reference data services (Reference Data Review, October 2005).
“I have a depth of experience around the business processes within back office service provision,” Buzzelli told Reference Data Review. “I understand what drives the clients, and what the challenges are around fund valuation and data services. I know what these organisations and their clients need, and fully understand the requirements of servicing a service provider and its clients from a data perspective.”
Buzzelli says part of his responsibility is to organise and deliver the third-party alliances and partner programme for Reuters on the back office and valuation side, tapping into the reference data and pricing side of Reuters’ data – “taking the model I created on the client side and driving key strategic relationships and leveraging the technology and software provision via which Reuters can expand in this space”. This will, he continues, involve delivering to clients either content, or a combination of content and technology such as DataScope Select and Reuters’ new API interface capability. His regional focus is the Americas including Latin America and Canada, while also working with his global divisional counterparts.
The appeal of Reuters as a place to work grew up during his time at Mellon, working with the vendor to support the Mellon reference data outsourcing initiative, he reckons. “Reuters was very engaging and open to doing business with Mellon, and more specifically on behalf of Mellon’s clients,” he says. “Reuters was very open to talking with clients, understanding their needs and being flexible around commercial relationships and licensing agreements. They brought to the table a whole new attitude when it came to working with market data providers of the scale and size of Reuters.”