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XSP's Martinez elected co-chair of ISITC corporate actions working group

04 December 2007  |  2139 views  |  0 Source: XSP

XSP, the leading global provider of Corporate Actions processing software, announced today that Laura Martinez, Principal Product Manager, has been elected as Vendor Co-Chair of the ISITC Corporate Actions Working Group.

In this position, Martinez will collaborate with the group's Co-Chairs and members to review ISO 15022 standards and direct enhancements to message content that promote the straight-through processing (STP) of Corporate Actions.

At XSP, Martinez is responsible for ensuring that the company's flagship solution, XSP Corporate Actions software, complies with global SMPG initiatives. Martinez reviews all changes to the SWIFT standards and SMPG guidelines to determine the impact of these changes on the XSP system. She is also responsible for reviewing all changes made to the XSP system to determine what impact the changes may have on the processing of ISO messages. In addition, Martinez is actively involved in managing the company's research and development initiatives to facilitate introduction of new functionality to the XSP system.

Prior to joining XSP, Martinez served as a business analyst at Source Medical. Additionally, her previous experience includes a position as IT Manager at Healthsouth, where she worked on various technology initiatives including the re-engineering of the company's intranet site to streamline processing.

Martinez has been an active participant of the ISITC Corporate Actions Working Group since 2004. Throughout her involvement, she has established relationships with ISITC's global network of securities operations professionals and industry peers representing broker/dealers, custodian banks, investment managers and vendors/service providers.

Dan Retzer, Managing Director and Chief Technology Officer at XSP, said, "We are very proud that Laura has been appointed the Vendor Co-Chair position of the ISITC Corporate Actions Working Group. Laura's expertise in ISO messaging and her active involvement with the association will provide significant insights and contributions to its mission of advocating standards that promotes STP in Corporate Actions."

Steve Goswell, Chair of ISITC said, "ISITC actively encourages the vendor community to engage and commit to promoting operational efficiency in this complex area. Laura's appointment as Co-Chair of the Corporate Actions Working Group will make a valuable contribution to this important industry effort and the goals of ISITC."

Martinez, stated, "I am extremely pleased to accept this position and look forward to working with this distinguished group of global participants to further develop and enhance the standards that promote industry-wide efficiency. I would like to thank the members of ISITC for their nomination and support."

The mission of ISITC is to support global securities operations, to promote STP throughout the Industry, to recommend and endorse operating standards that will reduce risk and increase efficiency, and to use the combined expertise of its members to address developments within the industry.

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