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The Enterprise Data Management (EDM) Council has elected Peter Serenita, HSBC’s chief data officer (CDO), as chairman of the EDM Council’s board of directors, officials say.
Serenita’s election “comes at a particularly critical time for the practice of data management in the financial services industry,” the EDM Council says in a statement, as “banks and other financial institutions are fully engaged in an industry-wide process of aligning data across multiple global repositories to support business innovation, operate more efficiently and meet regulatory risk aggregation goals.”
In his role as chairman, Serenita will draw on his extensive industry expertise with several aspects of enterprise data management to drive the council’s agenda, according to the statement.
“The financial services industry is data intensive” says Serenita. “The EDM Council is spearheading important work to implement standards and adopt data management best practices. Both of these goals are fundamental to the financial services industry and essential to all involved in unraveling its interconnected nature.”
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