Commcise, the provider of award-winning Integrated Commission Management Solutions for investment management firms, today announced the opening of its office in New York and the addition of two new senior hires; Paul Charie, ex Fidessa, in London and Kyle Rogge, ex Alliance Bernstein, in the US.
The addition of experienced practitioners to the sales team and the expansion into the US continues a strong growth momentum for the company. This is as a direct response to increased demand for Commcise’s solutions, which deliver efficiency and transparency around research payments under new industry regulations.
Commcise provides a fully integrated commission management platform for investment managers globally. Responding to the latest regulatory drivers, Commcise offers automated reconciliation, invoice management, broker voting, consumption tracking, commission management, commission budgeting and reporting, all in a single cloud-based solution.
The expansion will support more than 60 investment managers and broker firms that use Commcise as their global commission management and research evaluation (broker voting) platform.
Paul Charie joins the Management team in London as Global Head of Sales, bringing a wealth of experience and expertise in supplying technology services to the buy-side. He commented “During my 25 years in this industry, I have repeatedly seen the requirement for cost-effective, highly-functional and flexible systems that integrate with existing operational infrastructure”, adding “I am looking forward to working with the Commcise team to deliver our commission management products, deployed as cloud-based services, which tick all these boxes and address a key area of the latest regulatory concern”.
In addition, Kyle Rogge, who will take up the role of Director of US Sales commented “As the global market leader in commission management solutions, Commcise is poised to capitalize on tremendous opportunities here in the Americas”. He added, “Being part of Commcise’s growth is an exciting opportunity to provide solutions tailored specifically to the investment management community.”
Amrish Ganatra, Managing Director and co-founder of Commcise said “Establishing a physical presence in the United States is an important part of our strategic plans for 2016. We are also delighted to be adding to our team globally with such talented professionals to support our growing client base.”
Changes in regulations and advancements in technology have helped pave the way for better solutions across the investment community as a whole. In the world of commission management, Commcise has been able to uniquely align the consumption of research with the funding of research in a way that helps both the buy-side and the sell-side determine the true value of their counterpart relationships.