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ULTUMUS Appoints Head of Buyside and Fixed Income

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ULTUMUS Appoints Head of Buyside and Fixed Income

ETF and Benchmark managed data service provider ULTUMUS has appointed Adam Herrington as Head of Buyside/ Fixed Income and is responsible for further enhancing the firm’s index and analytics offering for the asset management space – working with the global technology, operations and business analysis teams.

Prior to joining Ultumus, Herrington held senior index data management and analyst roles at Legal & General and Vanguard. His responsibilities included the creation and onboarding of new indices and managing support of fund management, performance and operations activities.

Herrington is based in Ultumus’s London offices. The firm also has offices in Singapore and San Francisco.

Bernie Thurston, CEO and founder of Ultumus, said in a comment: “Herrington joining Ultumus is a key hire for the business and will enable the company to expand delivery of our benchmark data service to the buyside, who are keen to leverage the improvements in technology, support and functionality we offer”
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Bernie Thurston

Bernie Thurston is the founder and CEO of Ultumus, a leading provider of ETF and index data, calculation, and workflow solutions. With over 20 years of experience in financial technology, Bernie has been at the forefront of index and ETF innovation since 2003.

His finance career began at Markit, where as Managing Director for Equities he designed and developed products for index and ETF composition and dividend forecasting from 2003 to 2011. He then founded and led DeltaOne Solutions as Managing Director, building it into a global provider of index and ETF trading data and technology services. The company managed over 100,000 multi-asset class products before being acquired by Markit in 2015.

Following the acquisition, while working for an ETF issuer, Bernie identified fundamental issues in how index and ETF data was represented across the industry. This led him to found Ultumus in 2016, building solutions for ETF primary market operations. Under his leadership, Ultumus has grown into a market leader serving major financial institutions globally, with its ETF Order Management System (OMS) supporting create and redeem workflows worldwide and its PCF platform calculating and distributing portfolio composition files for ETF issuers across every major market.

Bernie sold Ultumus to SIX Group in 2021, where it continues to expand across Europe, North America, and Asia-Pacific. Known for building lasting teams and leveraging cutting-edge technology, Bernie is focused on establishing Ultumus as the backbone of the global index and ETF industry through standardisation and automation.

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