EXCLUSIVE: Pirum secures Faulkner as director 17 January 2017London Reporter: Drew Nicol
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Post-trade services provider Pirum Systems has appointed Data Explorers founder Mark Faulkner to its board as a non-executive director.
Faulkner launched Data Explorers, one of the first securities lending data providers, in 2002. It was acquired by Markit in 2012.
He also co-founded Credit Benchmark, a credit risk data and analytics provider, in the same year, of which he is currently director.
Former Data Explorers CEO Donal Smith, who co-founded Credit Benchmark with Faulkner, was installed as non-executive chairman of Pirum in 2015, after two private equity firms invested in the post-trade provider.
Faulkner commented: “I have known and admired Pirum as a business for many years. I am very happy to be joining the board as the company develops its next phase of products and I look forward to reconnecting with the securities finance world after several years’ absence from the market.”
“Now is a time when financial markets participants more than ever need fintech providers to meet the dual challenges of developing their businesses and meeting regulatory requirements in this ever more interconnected world.”
“Pirum is ideally placed to help meet these challenges. I look forward to working with the board and contributing to build on Pirum’s success.”
Rajen Sheth, CEO of Pirum, said: “It gives me great pleasure to welcome Mark Faulkner to our board.”
“He has a wealth of experience in delivering solutions for securities finance and the broader financial markets. We look forward to working with Mark as we continue to build the next generation of services for our client.”
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