Stanley Young Leaves Bloomberg
Stanley Young, former CEO for enterprise products and solutions (EPS), Bloomberg
Stanley Young, the CEO for enterprise products and solutions (EPS) at Bloomberg for the past year, has confirmed that he has left the market data and media giant. “I have left Bloomberg and I am not yet ready to talk about where I am going,” said Young in an emailed response to an FTF News’ inquiry.The EPS division, which offers consolidated data feeds, data management platforms and an enterprise data management product, was created to help Bloomberg clients access, analyze and distribute market data and enterprise information throughout a global organization.
Young moved to Bloomberg in May 2012 after leaving the post of CEO of NYSE Technologies, a division of NYSE that offers financial transaction data and infrastructure services to the financial community, officials say.
Before his time at the exchange, Young served in several positions at Hewlett-Packard, including the post of worldwide director of financial markets technology. He also worked for Capco, Accenture and Anderson Consulting. Young began his career at the London Stock Exchange in 1987
Bloomberg officials confirm Young’s departure. “Stanley Young joined Bloomberg to help broaden our enterprise offerings and strategy,” a spokesperson for Bloomberg says. “As part of that initiative, he helped us successfully combine our reference data, pricing and real time feeds business. We are grateful to Stanley for his contributions and wish him well in his future endeavors.”
Wolters Kluwer Hires Default Servicing Expert
Wolters Kluwer Financial Services has hired Chris Zimmerman for its consulting practice as a senior compliance consultant focused on default servicing, officials say. Zimmerman has more than a decade of experience helping some of the United States’ largest lenders and servicers manage their default servicing areas.
Zimmerman was most recently vice president of BankUnited’s Foreclosure and Bankruptcy department and before that, assistant vice president of Aurora Loan Services’ Foreclosure and Contested Default departments, officials say. In these roles, Zimmerman helped these financial institutions implement default servicing and loss mitigation policies, procedures and controls that ensured compliance with state and federal regulatory requirements; government-sponsored loan modification and refinance programs; and investor and mortgage insurance company guidelines. He also helped these institutions develop, implement and execute upon risk and control self-assessments and key risk indicators.
For his new post, Zimmerman will consult with clients in many areas of default servicing, including foreclosure timeline management; contested and litigated case resolution; bankruptcy processing and timeline management; REO processing; FHA/VA/GSE servicing requirements; training; policy and procedure development; legislative and regulatory changes; and vendor management and oversight.
KNEIP Client Becomes Vendor’s IT Infrastructure Head
A service provider for the production and disclosure of legal, regulatory and contractual information for the fund industry, KNEIP has appointed a former client Lee Marshall to be head of IT infrastructure, officials say.
Marshall joins KNEIP from JPMorgan Bank Luxembourg, where he was the senior product manager responsible for the European offshore asset manager segment, officials say.
“I have been working with KNEIP as a client for the past 14 years and I have always admired them as a company,” Marshall says in a prepared statement. “I look forward to helping KNEIP grow.”
Trio of Regulatory Support Vendors Forms ‘Cordium’
Following a merger last year, the IMS Group, HedgeOp Compliance and EvenWheel Solutions Providers—providers of regulatory support services and software for securities firms—are merging their brands to become Cordium, officials say.
The new Cordium will have offices in London, New York, Boston, San Francisco and Hong Kong in order to provide services to clients globally. Cordium employs a staff of more than 100 that support more than 800 investment firms. The newly branded vendor serves many investment strategies such as long only, long/short equities, global macro, credit, distressed, bank debt, fixed income, private equity, venture capital, real estate-related and fund of fund strategies.
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