Lynch to remain at RegTek following Bloomberg acquisition
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Lynch to remain at RegTek following Bloomberg acquisition 20 August 2019New York Reporter: Maddie Saghir
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Bloomberg has confirmed that RegTek.Solutions CEO Brian Lynch, will continue in his role following its acquisition of the regulatory reporting solution provider.
Alejandro Perez, global head of post trade solutions at Bloomberg, said: “Brian Lynch has joined Bloomberg and is fully committed to delivering the integrated reporting solutions that the combination of RegTek and Bloomberg’s post-trade reporting business.”
Lynch, who founded RegTek in 2017, said: “RegTek has built an award winning product and impressive, tier-one client base.”
“Combining our solutions with the strength and scale of Bloomberg’s RHUB services, as well as access to their market data, enterprise data management, analytics and enrichment capabilities will allow us to offer the cross jurisdictional, cross asset solutions that our clients demand,” he added.
Prior to RegTek, Lynch was partner and CEO of Risk Focus, a financial technology consultancy that was linked to RegTek between 2011 and 2017. He was responsible for all aspects of strategy, execution and operations across our various global business entities.
He also held a variety of senior roles at UBS, where he served from 1996 to 2011.
Bloomberg recently snapped up RegTek.Solutions to expand its suite of regulatory reporting services. RegTek covers global transaction reporting which encompasses Securities Financing Transactions Regulation, Markets in Financial Infrastructure Regulation, EMIR and the Dodd-Frank Act, among others.
Perez explained: “RegTek has built a broad offering that covers these regulations and offers intelligent services that are easily integrated, providing core reporting functions - Reporting Eligibility Determination, Report Validation, Reconciliation being the most relevant.”
“Our clients also use us for Markets in Financial Instruments Directive reporting via our Approved Reporting Mechanism and Approved Publication Arrangement. The addition of RegTek enables us to strengthen our existing regulatory reporting solutions and expand our offering to include others,” Perez added.
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