Datactics Adds to London Staff

Data quality and matching software provider Datactics has appointed Owen Chuck as sales director and Alex Brown as product manager.

Earlier this year, Datactics appointed former UBS director Mick Foster to its board and hired regulations specialist Luca Rovesti in London. The two latest senior appointments are intended to further strengthen the firm's senior team in the city.

Chuck has 25 years' experience of sales in capital markets, and will be focusing on tier one and two banks and hedge fund clients across a range of solutions. Prior to Datactics, Chuck held senior positions at Reuters and Sungard.

Brown joins Datactics with more than 15 years of experience of product management in data technology solutions for financial markets, having previously worked as head of DART Product Development at SR Labs, and in similar roles at NYSE Technologies, Wombat and Harco Technology.

Datactics CEO Stuart Harvey tells Inside Reference Data that the hires reflect increased demand that the company is seeing from banks and data vendors that want to be able to monitor and measure the quality of large quantities of instrument, reference, entity and, sometimes, risk data. Datactics has added a browser-based integration and workflow management layer, and metrics and reporting capabilities, with the ability to import rules from repositories or governance systems. Datactics has adopted the Enterprise Data Management Council's Data Capability Assessment Model standard for data-quality measurement.

"Our monitoring solution monitors the quality of that data over time. It's not a consulting-style project. Our solution sits in situ in the bank and constantly monitors data quality with regard to regulation. We have been dealing with BCBS 239, the Foreign Account Tax Compliance Act, Comprehensive Capital Analysis and Review in one instance, the legal entity identifier… We are seeing significant growth in demand for those regulatory metrics solutions in this governance-centric world that we all live in now."

To support clients in London, Datactics says it has also made hires to boost its data analyst team. It has also hired additional staff in its Belfast technology centre.