green ribbon

Datactics expands London footprint as regulatory metrics demand grows

Datactics Ltd, a leading provider of data quality and matching software, today announces the appointment of Owen Chuck as Sales Director and Alex Brown as Product Manager. Following on from the appointment of ex-UBS Director Mick Foster to the company board and hire of regulations specialist Luca Rovesti earlier this year, these London-based senior appointments further strengthen the firm’s senior team and reinforce its capacity to meet increasing demand from clients for its risk, entity and instrument data solutions in London and across Europe. Increased market interest in Datactics software for the purpose of regulatory reporting and metrics has also necessitated the hire of additional staff in the company’s Belfast technology centre.

In the past 18 months, Datactics has made significant product advances to enable customers to profile, measure and report on the quality of large volumes of reference data in real-time. The addition of a sophisticated, browser-based integration and workflow management layer and powerful metrics and reporting capabilities, combined with the ability to import rules from any rules repository or governance system, has allowed Datactics to provide robust yet agile enterprise-wide regulatory data compliance solutions. Most recently, Datactics adopted the EDMC’s emerging Data Capability Assessment Model (DCAM) standard for data quality measurement. DCAM is a business-friendly standard that establishes the concept of fit-for-purpose data and defines the processes associated with data control and remediation.

With Datactics RegMetrics, a bank’s Chief Data Officer or Compliance Manager can run a management dashboard that shows the completeness, accuracy and timeliness of the firm’s data set as part of a continuous process of data quality measurement. Datactics has been involved in reporting solutions for BCBS239, FATCA and MiFID LEI regulations for entity, transaction and risk information where the financial institution’s content specialists, rather than IT departments, have used RegMetrics and its out-of-the box rules to rapidly build their projects.

Owen Chuck joins Datactics as Sales Director bringing over 25 years sales expertise in capital markets to bear to its London-based sales team at a time of accelerated demand for the firm’s solutions across Europe. Owen is responsible for creating sales momentum in financial markets, specifically tier one and tier two banks and hedgefund clients, across a broad range of solutions including risk and exposure. Prior to Datactics, Chuck held senior positions in Reuters where he headed up specialist sales responsible for driving new products and services. He also worked for Sungard managing tier one client accounts globally.

Owen Chuck explains his reasoning for accepting the role: “I have followed Datactics with interest for some time and see that in the backdrop of ever-changing regulatory market forces, Datactics is fast becoming the go-to company for financial institutions seeking to improve their quality of data across their organisation and enable them to maintain their compliance as regulations evolve.”

Alex Brown has been appointed Product Manager charged with developing the Datactics product roadmap by integrating client requirements in conjunction with emerging standards such as the EDMC’s DCAM. Brown joins with over 15years experience designing and delivering innovative data technology solutions for the financial markets having previously worked as Head of DART Product Development at SR Labs and similar product management roles at NYSE Technologies, Wombat and Harco Technology.

“I have worked with many of the organisations that use Datactics software solutions and I’m looking forward to collaborating with these clients to explore the full potential of this agile, powerful data quality and matching platform. The current economic and regulatory climate represents an enormous opportunity for Datactics” said Alex Brown on his recent appointment.

To support clients in London, Datactics have also made significant hires to bolster its Data Analyst team.

Commenting on the appointments, Stuart Harvey, Datactics CEO said, “We are experiencing a growing appetite for our data quality and matching solutions which is reflected in the need to expand our team. The firm has won four major new clients in the last six months including a commodity trading firm in Zurich and a leading insurance and pension BPO in London. We are pleased to welcome Owen and Alex to Datactics as they both bring a proven track record of success in driving measurable business, building sustainable internal and external partnerships and delivering superior client experience.”