The Transaction Auditing Group (TAG), a pioneering provider of independent execution quality and transaction cost analysis metrics for the buyside and sellside, today announced that industry veteran David Shapiro has been named the firm's Executive Vice President of Sales and Business Development.
Mr. Shapiro brings to TAG more than 15 years of experience in sales and sales management in the securities industry, with an extensive focus on execution quality and transaction cost analysis as well as development and implementation of trading compliance systems. Prior to joining TAG, Mr. Shapiro served as Director of Business Development at Thomson Reuters Transaction Analytics, where he led business development, sales and relationship management.
"This is an exciting time to be joining TAG's management team as increased regulation and growing market complexity have greatly heightened the demand for a true performance measurement of trade execution by both the brokerage and investment management community," said Mr. Shapiro. "TAG's recognized excellence in the industry for providing a pure data universe that renders clear and highly customizable performance measurements makes them well positioned to see dynamic growth over the next several years."
TAG Executive Vice President Roger L. Post added: "We're extremely fortunate to have someone of David's caliber join our firm. He has built an excellent track record over the years in generating new business and maintaining solid client relationships with both buyside and sell side firms. We look forward to David's vast experience and knowledge significantly enhancing our leadership role in trade performance measurement."
Before Thomson Reuters, Mr. Shapiro was president of DNS Corp., a business development, account management and sales consultancy specializing in compliance and trading solutions for the securities industry.He also served as an executive vice president at TAG earlier in his career, where he played a pivotal role in driving the firm's growth.
A noted speaker at numerous industry events, Mr. Shapiro has participated in panel discussions at the Security Traders Association, Securities Industry Association, Financial Management Association, National Society of Compliance Professionals, Institute for International Research and National Regulatory Services.