04 August 2015

Avox to double workforce as demand for reference data grows

11 April 2014  |  3336 views  |  0 Stock exchange screen 2

DTCC-owned clean data utility Avox has announced plans to hire 200 new staff over the next two-years, doubling its workforce in the face of increasing industry demand for accurate reference data.

The company says it is expanding its head office in Wrexham, Wales to cope with projected business growth as the financial services industry comes to terms with a raft of regulatory measures requiring compliance with new industry reporting requirements, including linking to the Legal Entity Identifier (LEI).

Mark Davies, general manager and head of Avox says: "Over the past few years, we have seen tremendous adoption of the Avox service, with 35% growth in our client base in just the past year."

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