In other People Moves, Asset Control appoints a CTO, the SEC names co-chief for its asset management unit and CalPERS fills top compliance post.
Broadridge Hires for Data Management Experience
Robert Revesz, senior director, Broadridge
Lake Success, N.Y.-based Broadridge Financial Services reports that it has added four former Asset Control executives, all of whom have extensive experience with data management software.
Robert Revesz has been named senior director, with a focus on reference data client services and implementations, Broadridge says, noting that he joins Nathan Wolaver, Michael Sunwoo and Tim Versteeg, “all of whom have joined the firm recently from Asset Control.”
However, of the four ex-Asset Control employees, two left AC in 2014, one left AC in early 2015, and “only the most recent” left this year, an Asset Control spokesperson says.
New York City-based Revesz, who spent the last 15 years at Asset Control, most recently as vice president, services director, America, will be “instrumental in helping to deliver the enterprise benefits of a managed reference data service across Broadridge’s global client base,” Broadridge officials say.
Broadridge’s managed data service, customizable, multi-tenant platform, “combines technology and human capital in a flexible delivery model, and is a logical extension of Broadridge’s Post-Trade Managed Service offering, which currently serves 28 clients,” Broadridge says.
“Banks have started to better understand the expense of data infrastructure and the cost of poor data quality across the enterprise, which makes the economics of a managed data service quite compelling,” says Bennett Egeth, president of Broadridge Investment Management, Reference Data and Risk Solutions, in a statement.
Broadridge notes that its infrastructure underpins proxy-voting services for more than 90 percent of North American public companies and mutual funds, that it “processes on average $5 trillion in equity and fixed income trades per day,” and that it employs approximately 7,400 full-time associates in 14 countries.
Asset Control Appoints CTO, Revamps Branding
Igor Piroli, CTO, Asset Control
Asset Control, a provider of financial reference data management solutions and services, reports the appointment of Igor Piroli as chief technology officer (CTO).
Piroli will based at the company’s Netherlands technology hub, AC says, and will take “responsibility for the overall leadership of engineering research and development at Asset Control and will work closely with product management and technical services to drive continued growth and product innovation.”
Piroli is a 15-year veteran, who most recently was head of software development for Tieto Energy Components, per AC.
Separately, the vendor has just unveiled a new website and brand identity.
“In the last two years, the company has grown significantly, with stronger regional coverage through new offices in Latin America and APAC,” according to a press release from the vendor. The vendor has had major product enhancements, “including AC Risk Data Manager and AC Data Service Manager; as well as new executive appointments, including Robert O’Boyle as managing director” and Piroli as CTO.
SEC Names Co-Chief of Asset Management Unit
U.S. regulator SEC reports that Anthony S. Kelly has been named co-chief of the enforcement division’s asset management unit, joining co-chief Marshall Sprung and succeeding Julie Riewe, who left the agency last month.
The unit “focuses on misconduct by investment advisers, investment companies, and private funds,” the SEC says.
“Kelly has investigated or supervised enforcement cases that addressed a wide range of misconduct across the asset management industry,” according to the SEC.
His achievements include reaching a “$39 million settlement with three private equity fund advisers within The Blackstone Group for their failure to properly disclose accelerated monitoring fees as well as discounts on legal fees and a settlement from a mutual fund adviser, its principal, and three mutual fund board members charged with failing to satisfy their statutory obligations in connection with the evaluation and approval of mutual fund advisory contracts,” SEC officials say.
Kelly joined the SEC in 2000 as a securities compliance examiner in the office of compliance inspections and examinations’ broker-dealer group, assistant director in the asset management unit in 2012, the commission says.
CalPERS Picks a Chief Compliance Officer
The California Public Employees’ Retirement System (CalPERS) pension fund reports that Marlene Timberlake D’Adamo will become its chief compliance officer (CCO) on April 11, “responsible for all aspects of the Enterprise Compliance program, including full responsibility for administering a comprehensive compliance monitoring and oversight program in relation to legislative and regulatory requirements and industry guidelines.”
Timberlake D’Adamo, a financial/legal veteran, most recently was the managing director, senior vice president, portfolio and risk management, at PNC Bank in Philadelphia, says CalPERS, which has a total fund market value that currently stands at approximately $285 billion.
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