Droit, provider of computational law and regulatory solutions, has named Somerset Pheasant as its Chief Strategy Officer. In this newly created role, Pheasant will lead the development and execution of the firm’s strategic initiatives, focusing on growth acceleration, partnership engagement, and alignment with client needs.
Pheasant’s appointment comes after a significant year for Droit, marked by key product launches. In 2024, Droit partnered with FINBOURNE to deliver a comprehensive position reporting solution and introduced its Exchange Traded Derivatives (ETD) Reporting product to enhance regulatory transparency for listed derivatives. The company plans further advancements in regulatory solutions for both buy-side and sell-side clients in 2025.
Pheasant brings over 15 years of financial industry experience, including his role as Managing Director at Goldman Sachs, where he led strategic investing and managed a $500 million portfolio. He previously served on Droit’s board from 2016 to 2023, contributing to its growth and strategic direction.
Brock Arnason, Founder and CEO of Droit, commented: “We have enjoyed a longstanding and productive relationship with Somerset. His experience as a member of the Droit board as well as within strategy and investing at Goldman Sachs will be invaluable as we embark on the next stage of our corporate growth plan. We look forward to the contribution he will make as part of the leadership of Droit.”
Somerset Pheasant, Chief Strategy Officer of Droit, added: “Droit has a proven ability to help financial institutions meet their regulatory obligations in the complex and evolving environment within which they operate. That, and the innovation that underpins this, has set Droit apart since the start of my engagement with the company back in 2016, and it continues to do so. I look forward to bringing my experience to bear as Droit continues to refine its strategy and expand the range of solutions which enable clients to navigate the challenges of ongoing global regulatory change with consistency, clarity and accuracy.”
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