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

A-Team Insight Blogs

‘New’ Interactive Data Starts to Shake Institutional Trees

Six months after the completion of its acquisition by venture capitalists Silver Lake and Warburg Pincus, Interactive Data’s new corporate structure is beginning to emerge. As it puts the new management lineup in place, the company is undergoing a technology revamp, kicking off in its Real-time business, which itself is starting to attract significant institutional interest.

A glance at the Interactive Data website gives lie to new chairman, CEO and president Mason Slaine’s vision of the restructured Interactive Data organisation, with the incoming CIO and COO key additions to the new look. Alex Goor is chief information officer, having been named to the post immediately after Slaine’s own appointment. Having cut his teeth at Instinet and the company’s Inet ATS, Goor – ostensibly replacing former CTO Stephan Wolf – is spearheading the technology review, with his front office background apparently dictating a low hanging fruit approach; hence the initial focus on the Real-time group.

The other significant addition to the team is COO Jay Nadler, who has joined Interactive Data after following Slaine through his various ventures, starting with Thomson Financial in the 1990s, followed by Information Holdings from 2000 to 2010, and culminating in MLM Information Services from 2005 until last year. Nadler is no ordinary COO. His list of responsibilities includes institutional business, sales, marketing and procurement. As such, key executives of the Bedford, Massachusetts-based company now find themselves reporting to him. These include Jeff Banker, executive vice president, real-time market data and trading; Mark Hepsworth, president, institutional business and effective business head of all Interactive Data’s pricing and reference data activities; and Mary Ivaliotis, chief marketing officer. Nadler also looks after Interactive Data’s geographical heads.

Things have changed since Slaine’s arrival, with formerly London-based international head Roger Sargeant now relocated to Asia, and Brendan Beith, former EMEA sales chief, taking on business leadership in London. The sales teams in the US have taken a relatively straightforward structure, with reports into Nadler via the respective Real-time and non-Real-time business heads. In London, it’s slightly more complex, with a group of geographically organised sales heads, most notably Hilary London, erm, head of London, and business owners designated to various elements of Interactive Data’s activities. Thus Rob Lane heads the EMEA Real-time business; Anthony Belcher heads the EMEA valuations business; Bob Cumberbatch heads the EMEA reference data business; and Carsten Dirks heads the EMEA managed services business.

The new structure appears to have begun to pay dividends. Outsiders report a renewed credibility around the Real-time data feed business, which has struggled to establish itself as a real option for institutional customers. Indeed, there are indications of movement at a number of big US investment banks where Interactive Data is set to take on incumbent Thomson Reuters. Some in the marketplace have long lamented how Interactive Data has all the pieces to make a strategic play in the market data business. Could the time be now?

Related content

WEBINAR

Upcoming Webinar: Evolution of data management for the buy-side 2021

Date: 27 May 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes The buy-side faced a barrage of regulation in 2020 and is now under pressure to make post-Brexit adjustments and complete LIBOR transition by the end of 2021. To ensure compliance and ease the burden of in-house data management, many...

BLOG

How to Get Your Data Management Ducks in a Row to Deliver Rapid, High Quality Analytics and Surveillance

Is your organisation looking to achieve market-beating analytics and exceptional market surveillance that will surpass regulatory compliance to deliver new business opportunities? If this is the case, look no further than A-Team Group’s next webinar that will discuss how to build a robust data management discipline to drive efficient and effective analytics and market surveillance....

EVENT

RegTech Summit Virtual

The RegTech Summit Virtual is a global online event that will be held in June 2021 with an exceptional guest speaker line up of RegTech practitioners, regulators, start-ups and solution providers to collaborate and discuss innovative and effective approaches for building a better regulatory environment.

GUIDE

Corporate Actions 2009 Edition

Rather than detracting attention away from corporate actions automation projects, the financial crisis appears to have accentuated the importance of the vital nature of this data. Financial institutions are more aware than ever before of the impact that inaccurate corporate actions data has on their bottom lines as a result of the increased focus on...