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A-Team Insight Blogs

Thomson Reuters Poaches Credit Suisse’s Hinds as its New Global Head of EDM to Lend User Cred to its Enterprise Ambitions

In line with its recent spate of hiring and reshuffles as it continues to integrate its business units, data giant Thomson Reuters has hired ex-programme manager for reference data at Credit Suisse Sally Hinds as its new global head of enterprise data management (EDM). It has been a year of change for Hinds, who was only with Credit Suisse for a relatively short period, following a four year stint as HSBC’s global head of EDM for its Global Banking & Markets division.

Speaking at FIMA in London this week, she noted that she is three weeks into her new role at Thomson Reuters, who hired her in order to “inject business sense” into its approach to the data management space. It is also a return to Reuters for Hinds, as she first worked for the vendor from 1996 to 2002 in a variety of roles including head of its technology partnership programme.

In her most recent role at Credit Suisse, Hinds was in charge of running the firm’s investment banking global reference data governance programme for the last eight months, since her appointment in March. Prior to this, she was charged with heading the EDM team at HSBC’s investment bank, including both market data and data operations. She joined the bank back in 2005 as global head of market data technology, after working as a consultant at Capco. In mid-2006 she assumed responsibility for the bank’s instrument reference data technology and then in January 2007 was appointed head of market data for HSBC overall. She was therefore in charge of static data maintenance for the investment banking division of HSBC and market data for the entire HSBC group.

Over the last couple of years, Hinds has been engaged in putting into practice the bank’s One HSBC programme, which involved the rationalisation of the group’s various EDM teams to bring together support for investment banking and securities services divisions of the bank into one central team.

Prior to HSBC, Hinds was a managing principal at Capco for a year and the head of the data practice at another consulting firm, Buttonwood Tree Group, also for a year. Prior to Reuters, Hinds was head of market data and dealer voice for Union Bank of Switzerland for three years. She began her financial services career as a marketing assistant at Dow Jones Telerate.

The vendor has been making quite a song and dance about its Enterprise platform over the course of this year, since its launch in May. The aim is to provide a ‘joined up’ approach to enterprise data management, creating a platform framework that embraces both real-time and non-real-time data. The so-called Thomson Reuters Enterprise Platform draws on the long-serving front office Reuters Market Data System (RMDS) that supports real time data, together with the Enterprise Platform for Data Management that brings together the existing securities master product, Reuters Reference Data System (RRDS), and new technology that the company acquired through the purchase of data management specialist m35 a year or so ago.

Thomson Reuters is also focusing its energies on joining the platform up with its various data content sets and working on developing its flagship DataScope solution as the overall platform for its various data offerings on both the Thomson and Reuters sides of the business for its non-real-time content.

Hinds new team member Nigel Matthews, global head of product management and strategy for Enterprise, also spoke at FIMA, elaborating on a few risk management case studies to prove the worth of the new platform in this context. He referred to the increased regulatory focus on the risk management space as a key driver for investment in data management platforms going forward; a trend that many other vendors are also pinning their hopes upon. To this end, the abstracted case study examples referred to the Enterprise platform’s potential impact on an assessment of market and credit risk.

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