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

A-Team Insight Blogs

XBRL International Replaces Outgoing Chair Turner with Trintech’s Gorur

In light of the impending retirement of outgoing chair John Turner, CEO of CoreFiling, in March, the board of directors and international steering committee of XBRL International have approved the appointment of Chethan Gorur, as chairman designate of the XBRL International Standards Board (XSB). Gorur is currently director of Interactive Data Services at governance, risk and compliance solution vendor Trintech Group.

This year seems set to be another filled with opportunities for XML-based industry standards group XBRL, as it continues with its work around corporate actions data with Swift and Depository Trust & Clearing Corporation (DTCC) and the Securities and Exchange Commission (SEC) extends its mandatory remit for US firms. However, although the data tagging standard may have gained traction in the US and a number of Asian markets, Europe remains largely wary at the moment. It will therefore fall to Gorur to help lead the push into these markets once he fully assumes the role of chair at the end of March 2010.

“As the global adoption of XBRL accelerates, the charter of the XBRL Standards Board, which is defining, updating and maintaining XBRL technical specifications, takes increasing importance,” explains Gorur. He intends to lead the group with what he calls a collaborative and market-based approach.

In the meantime and in addition to his XBRL role, he will continue to head up the product leadership team at Trintech, including being responsible for strategy, product marketing and development efforts for Trintech’s Unity Xtensible Financial Reporting (XFR) solution, which includes embedded support for the report tagging and output of financial statements with XBRL.

Trintech has been on the XBRL bandwagon for a while and, in July last year, the vendor launched a new XBRL compliant financial reporting solution. The solution, Unity Xtensible Financial Reporting (XFR), provides users with embedded support for the tagging and output of XBRL compliant financial statements.

Prior to his current role at Trintech, Gorur was a member of the XBRL leadership team at Microsoft for more than five years, where he was instrumental in crafting and executing on the XBRL product strategy. He was a key contributor to Microsoft Investor Central, and led the Microsoft product team responsible for incubating a new software as a service (SaaS) based XBRL product line. Gorur has held product leadership positions at i2 technologies, IBM and One Network.

Related content

WEBINAR

Recorded Webinar: Strategies, technologies and services for successful corporate actions automation

Rising volumes and increasing complexity of corporate actions are challenging market participants’ efforts to reconcile data, automate corporate actions processing, and contain costs. The culprits causing these challenges include legacy systems, missing skills, manual processes, data quality issues, and a lack of standardisation. Added to these is the increasing complexity of corporate actions such as...

BLOG

SimCorp Collaborates with J.P. Morgan Securities Services to Deliver Front-to-Back Integration

SimCorp is collaborating with J.P. Morgan’s securities services to provide mutual clients with front-to-middle office and custody integration. The integration is live at an asset owner in Asia-Pacific and is designed to address costly and fragmented investment processes that contribute to operational risk by automating workflows and increasing data transparency. The companies suggest post-trade processing...

EVENT

TradingTech Summit London

TradingTech Summit London will explore how trading firms are innovating in today’s cloud and digital based environment to create flexible, scalable trading platforms to support speed to market and business agility. Leveraging the cloud, AI and ML technologies to get an edge, automate processes and simplify operations in a cost effective way is the name of the game and will share practical insight from practitioners and technology leaders who are innovating and driving forward change in trading operations.

GUIDE

Entity Data Management Handbook

Following on from the success of our Regulatory Data Handbook, A-Team Group is pleased to introduce its new Entity Data Management Handbook which is available for free download. This Handbook is the ultimate guide to all things entity data: Why Entity Data is important A full review of Legal Entity Identifiers (LEIs) Where they came...