In other news, Broadridge picks a CPO, Cowen Digital has a new MD, Zumo hires a chief data officer & Saphyre picks a CMO.
Neuberger Berman to Use Velocity for EMIR Reconciliation
Neuberger Berman, a New York-based, private, employee-owned investment management firm, will be using a platform from cloud-based reconciliation software vendor Fund Recs for trade reconciliation via the European Market Infrastructure Regulation (EMIR) guidelines.
The firm, which oversees $418 billion in client assets, will use the Fund Recs Velocity platform to automate EMIR reconciliations for regulatory reporting, officials say. EMIR governs over-the-counter (OTC) derivatives, central counterparties, and trade repositories.
“We were looking for a provider who was able to support our continued drive to implement best-in-class solutions to meet our regulatory reporting obligations,” says Alex Duncan, EMEA operations director at Neuberger Berman, in a prepared statement.
“Specifically for EMIR reporting, and given the broad nature of our business, we were looking for a partner to automate our oversight of delegated reporting across a wide range of funds and segregated accounts. Fund Recs have both the platform and the people to meet our needs,” Duncan adds.
“Completing an EMIR trade reconciliation is integral to having effective oversight in place on the EMIR reporting process. Regulators are focusing heavily on data quality and firms need to ensure they have sufficient oversight in place to confirm that reported trades are complete and accurate,” according to the Fund Recs announcement.
The Fund Recs’ EMIR Reconciliation solution is part of the Velocity platform, which is “a set of cloud-based software modules that helps investment managers, third-party management companies, alternative investment fund managers (AIFMs), and fund administrators “to achieve straight through reconciliations and data processing in their middle and back offices,” according to the vendor.
Broadridge Appoints Chief Product Officer
Martin Koopman
Broadridge Financial Solutions, Inc., reports the promotion of Martin Koopman to chief product officer, effective Jan. 1, 2023.
Koopman’s mandate includes heading the product management group and “working across all business units to collectively drive Broadridge’s delivery of world-class SaaS and other service offerings to leading financial services clients.”
“Martin has a proven record of driving product innovation both at Broadridge and at previous companies,” says Tim Gokey, CEO for Broadridge, in a prepared statement.
Koopman will report directly to CEO Gokey, the statement notes. Koopman joined Broadridge in 2014 as head of strategy for Broadridge’s investor communication services business.
He has 23 years of industry experience across both investor communications and capital markets/institutional trading, and he has held positions at NYSE Euronext, Boston Consulting Group, and Itiviti/Orc Software after its acquisition of Cameron Systems, which he co-founded, per the statement. —L.Ch
Cowen Digital Taps BCAM for European MD
Taylor Cable
Cowen Digital LLC, the digital asset division of investment bank Cowen, reports the appointment of Taylor Cable as managing director of Cowen Digital Europe. Cable, who is based in London, will lead Cowen Digital’s European and Asian activities.
Cowen Digital “supports and assists institutional clients as they explore the evolution of blockchain and digital assets,” according to the Cowen Digital statement.
Cable’s former posts include a tour at Blockchain.com, where he was chief operating officer (COO) of BCAM (Blockchain.com Asset Management) and head of institutional client trading, officials say.
Prior to BCAM, he was COO and executive director at AiX and he spent more than 16 years at Moore Capital Management, where he was a portfolio manager and senior trade, among other positions, officials.
The parent company was founded in 1918 and has headquarters in New York.
“Cowen Digital Europe” is a trading name of Cowen Execution Services Ltd., which is authorized and regulated by the Financial Conduct Authority (FCA) in the U.K. — L.Ch
Zumo Names Chief Data and Analytics Officer
Vicky Byrom
Zumo, an Edinburgh-based cryptocurrency wallet platform, has hired Vicky Byrom to be the company’s first chief data and analytics officer.
Zumo, which also offers crypto-as-a-service solutions for fintechs, banks and payment providers, says that Byrom’s mandate includes driving the “development of Zumo’s data strategy to meet the evolving needs of the business, managing and governing data while also ensuring the value of that data is fully realized as a strategic asset. Her focus will be on making data analytics accessible, transparent, secure and useful to the organization,” according to the announcement.
She has more than 20 years of experience “delivering data and analytics projects across both the private and public sectors, empowering organizations to effectively use their data to make better decisions. Prior to joining Zumo, she headed up the data function at payments fintech Modulr,” according to a statement.
Zumo characterizes itself as a “decentralized finance platform with the mission of bringing the benefits of blockchain technology and digital currencies to people and businesses everywhere.”
Zumo was founded in 2017 by entrepreneurs Nick Jones and Paul Roach. Its staff is based in Scotland, London, and Slovenia. — L.Ch
Ex-Wolters Kluwer Exec Joins Saphyre
Dawn Mueller
Saphyre, Inc., a fintech vendor that applies patented A.I. to structure pre-trade data and eliminate post-trade inefficiencies, reports that Dawn Mueller is its new chief marketing officer (CMO)
A former Wolters Kluwer and IBM executive, Mueller “will focus on driving the global growth strategy, through branding, digital, and marketing,” according to the vendor.
“Mueller brings experience in technology, professional services, and digital transformation through her work at Wolters Kluwer, IBM, EY and Deloitte,” according to the vendor’s announcement. “She is strongly versed in B2B marketing, which was instrumental in her appointment.”
Saphyre leverages patented AI technology to digitize all pre-trade data and activities across multiple counterparties: from asset owners to investment managers, hedge funds to prime brokers, any client firms to broker-dealers and custodians, and much more.
“Saphyre’s platform maintains memory of data and documents, resulting in clients not having to search or resubmit information, and expedites flow in a digitally structured manner so that it can be consumed and understood by any permissioned counterparty in the finance industry,” according to the vendor.
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