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ULTUMUS further bolsters team with hire of ETF guru Jonathan Addy

ULTUMUS, the leading global provider of data creation, management and distribution services for index benchmark and ETF products, today announced that Jonathan Addy has joined from DeltaOne part of IHS Markit.

Jonathan spent over 5 years as Senior Technical Architect overseeing the web-enabled release of the complete DeltaOne Solutions product set and is one the most knowledgeable and experienced developers in the Index and ETF data space.

ULTUMUS focus on the index and ETF data space and sees considerable opportunity where existing vendors have not updated their platforms and products. ULTUMUS clients are keen to exploit new but proven technology in their business with the aim of improving data quality visibility and timeliness.

 

Bernie Thurston, CEO, ULTUMUS commented: “With Jonathan having now joined us we have achieved our strategic goal of bringing together the most experienced and talented people across this fast moving and exciting sector.  Where once people wanted to be within the largest of firms, now the attraction is to smaller, nimble and more innovative firms that can drive change in the sector and are free from legacy dependencies. Jonathan extensive industry expertise will prove invaluable in the next stage of our expansion plan.  We look forward to continuing to grow the business, increase market share and deliver solutions to our clients.”

Jonathan Addy, commented: “I have always been impressed with ULTUMUS and the growing team, so when the opportunity to join them came up, I didn’t hesitate. I look forward to working alongside some of the industry’s most experienced professionals that have created a highly customisable and agile platform built on the most modern data architecture.”

The ULTUMUS teams span technology, product management and business development across key regional centres in London and Singapore and have a strong track record in the index and ETF space servicing clients globally. ULTUMUS were the first to deliver data as a service leveraging Amazon Web Services (AWS) to deliver quality, timely and accurate global index and ETF data across all asset classes in a single format, validated and customized 24 hours a day.

 

ENDS

For more information please contact:

Giles Sarton, Head of Business Development, ULTUMUS

+44 (0) 203 950 2388  / giles.sarton@ultumus.com

NOTES TO EDITORS

About ULTUMUS

ULTUMUS capture, normalize and distribute global daily ETF and index benchmark data in a single feed – reducing risk and providing improvements in performance, flexibility and accuracy.  ULTUMUS is the only data vendor that can service both Sell and Buy side institutions with a managed data service, offering significant operational cost savings and service benefits. For more 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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