SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) specialist, today announced the hire of Tom Dalglish to manage transformation projects for post-trade processing and data management services for global clients.
Initially he will be responsible for managing the back-office transformation programme with one of Europe's largest banks.
Tom has over 20 years of experience in the industry and is a recognised expert in databases, data strategies and reference data. Prior to joining SmartStream, he was the global head of transformation for iGATE, where he designed and deployed a major data utility strategy for the firm. Previous to this he worked for UBS as CTO for Global Data Services running a newly formed enterprise data group. With extensive experience in banking and financial services, Tom has held senior management roles for enterprise reference data initiatives at Bear Stearns, J.P. Morgan and Bank of America Merrill Lynch. His roles have included: Chief Information Architect, Enterprise Reference Data at Bank of America Merrill Lynch and Executive Director, Enterprise Reference Data at J.P. Morgan/Bear Stearns.
Tom Dalglish, Head of Transformation Services, SmartStream, states: "I am looking forward to working at SmartStream where they take R&D, teamwork and client success seriously. At SmartStream, the focus is on getting the job done effectively and quickly." A leader in shaping enterprise reference data initiatives, Dalglish says: "with a dedicated team and specific strategy for delivering the data utility, SmartStream is in an unmatched position to deliver huge savings to its clients, with better quality data and coverage. We realise the value of what has been built over a long period of time and I am looking forward to further enhancing the services and utilities by leveraging the core technology, whilst we continue with the strong investment plans."
Philippe Chambadal, CEO, SmartStream, states: "We are thrilled to have Tom on board with his immense amount of experience as we are helping financial institutions with major transformation projects. Many firms need to retool their current infrastructure to support new regulatory requirements and improve operational efficiency. The adoption of utilities is helping the industry on both accounts: by mutualising back-office functions such as EDM into shared centres of excellence, firms are able to reduce operational cost by 40 to 60 percent and respond faster to regulatory demands."
Financial Institutions are looking for a new approach to managing their data as poor quality data is a key factor in trade breaks, high operational costs and inefficiencies in regulatory reporting. SmartStream helps by refining the data management workflow and mutualising common processes whilst accommodating individual client standards and controls.