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ULTUMUS appoints new COO as part of ongoing expansion

Janet Richardson has been appointed Chief Operating Officer of ULTUMUS the global data management and distribution service for ETF and Index data

Richardson (pictured) joins having spent time at IHS Markit and GSK in senior programme and change management roles, responsible for managing global technology and operations teams and reporting to financial regulators.

At ULTUMUS, Richardson will be responsible for developing and expanding the technology team with additional oversight on Operations, Human Resources and Legal departments.

ULTUMUS has offices in London, Singapore and San Francisco serving a  wide variety of banks, authorized participants, issuers, investor services and asset managers with a managed data service for ETF and Index data built on the latest web deployed technologies.

Bernie Thurston, CEO and founder of ULTUMUS, commented: “Janet joining ULTUMUS as COO is a key hire for the business and will enable the company to pursue our growth strategy and further develop our business model”

Janet Richardson commented: “When I was looking for my next challenge, it was important that I joined a firm that had a vision and strategy, are developing new technologies and driving change.  I found that with ULTUMUS.  The business provides the opportunity to work on the best and most modern data architecture, free from the legacy dependencies of the other providers in the sector which allows us to reliably deliver the solutions clients demand.”

ENDS

For more information please contact:

Giles Sarton, Head of Business Development, ULTUMUS

+44 (0) 203 998 2507  / giles.sarton@ultumus.com

 NOTES TO EDITORS

ULTUMUS are the leading ETF and index data specialists with offices in London, Singapore and San Francisco.  The firm is technology driven implementing the latest cloud based technology in support of index and ETF trading, asset management and asset servicing. ULTUMUS’s market presence is global and expands across all business functions of a financial institution that require accurate, reliable and timely index and ETF data.  The combination of data, technology and expertise has shaped the DNA of the firm and is at the heart of everything it does. For further information, please visit: www.ultumus.com

 

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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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