Wolters Kluwer names Richard Reeves VP of strategy for OneSumX

Source: Wolters Kluwer Financial Services

Wolters Kluwer Financial Services announced today it continues to invest in and strengthen its governance, finance, risk and compliance solution suite with the addition of Richard Reeves, who joins the company as vice president of strategy for OneSumX®.

OneSumX provides financial organizations with a complementary and comprehensive ecosystem of GFRC solutions and services that enables them to take a forward-looking approach to managing compliance, risk and performance. In his new role, Reeves will work directly with Wolters Kluwer Financial Services’ product management, sales, marketing and business development teams to help customers across the globe utilize OneSumX to address risks and business issues in the context of a much larger and holistic way of managing GFRC.

“The addition of Richard to our OneSumX leadership team reaffirms our strong commitment to helping financial organizations manage risk, compliance and performance together so they can increase organizational profitability, efficiency and growth,” said Raffi Festekjian, president and CEO of Wolters Kluwer Financial Services’ Finance, Risk and Compliance business. “By adding Richard’s experience and expertise, we are building upon our ability to help organizations create their own, specific GFRC vision and make it a reality.”

Reeves brings more than 30 years of industry knowledge, expertise and experience to Wolters Kluwer Financial Services. Most recently, he was senior director with Algorithmics/IBM, were he led the Business Intelligence Group. The group designed, built and launched the Algorithmics Strategic Business Planning tool, providing clients with integrated risk and return modeling. Reeves also led the product management of the new IBM/Algo Integrated Risk Platform Reporting solution.

Prior to IBM, Reeves was a managing director with SunGard-WhiteLight where he developed a Basel II team and solution based on the WhiteLight Analytic Server technology. In addition, he was a senior manager with KPMG, responsible for teams in the U.K. and U.S. offering financial service consulting services. Early in his career, Reeves was an IT consultant and project manager for rir, Reeves was an IT consultant and project manager for risk management software implementations. He holds a bachelor’s degree with joint honors from Durham University, England.

“Today’s marketplace is volatile and the regulatory landscape is rapidly changing. Organizations need a framework that enables them to govern and manage risk and business performance at all points and intersections across the organization,” said Reeves. “A unified GFRC strategy links the previously siloed areas of Finance, Risk and Compliance and allows them to work together with a common goal of helping maintain profitability and find additional ways to safely grow the business. I am excited to join Wolters Kluwer Financial Services and help organizations do just that.”

For more information about Wolters Kluwer Financial Services’ OneSumX solution suite, please visit www.WoltersKluwerFS.com/OneSumX.

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