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ULTUMUS OPENS US OFFICE

26th February 2020

 ULTUMUS OPENS U.S. OFFICE IN SUPPORT OF RAPIDLY EXPANDING BUSINESS

ULTUMUS, the specialist ETF and benchmark managed data service company has announced today that they have opened a US office in support of its rapidly growing business in the US and Canada. The office is  headed up by  Fe Zamora, formerly of IHS Markit,  who will be responsible for building out the team and managing US operations.

The past 12 months have seen ULTUMUS break through a set of increasingly significant milestones in the development of its specialised ETF and Index data management service, having created a new category of technical data feeds that can be used by both ETF/index trading desks, risk and asset managers.

From a standing start in 2016, ULTUMUS has deployed its ETF and index managed data service to Tier 1 investment banks, asset managers, investor service groups and exchanges and also become the fastest growing PCF calculation partner for ETF issuers globally.

ULTUMUS has attracts a slew of industry talent that has seen the appointment of industry veteran Femi Orangun, Daniel Hodgetts as Operations Head and  ETF guru Jonathan Addy, alongside growing their team significantly in London and Singapore.

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 exploiting new but proven technology in their business, with the aim of improving data quality visibility and timeliness in the ETF and index data eco system.

Bernie Thurston, CEO, ULTUMUS said: “This is an exciting time for ULTUMUS. We have opened an office in San Francisco headed by a highly experienced manager and also moved to new larger offices in the City of London at the beginning of the year to accommodate our growing UK team. We look forward to continuing our expansion in 2020, increase our market share and deliver solutions to our clients.”

Since forming in 2016, ULTUMUS has significantly expanded its service offering across all aspects of benchmark, ETF and dividend forecast data globally, consistently winning clients with innovative technology.  ULTUMUS has designed its technology stack around AWS (Amazon webservices) and offers unrivalled levels of support and innovation in the management of ETF and index data.

ENDS

For more information please contact:

Louise Dolan, Partner, Camarco

Tel: 020 3757 4982 / 07446 870025

NOTES TO EDITORS

ULTUMUS are the leading ETF and index data specialists with offices in London and Singapore.  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.

 

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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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