|By Business Wire||
|March 17, 2014 04:00 AM EDT||
Confluence, a leading provider of automated data management solutions for the investment management industry, announced today that seasoned financial services technology executive Hugh Byrne has joined the company as Managing Director of Sales.
Based in London, Byrne will be responsible for setting Confluence's strategic sales direction in Europe and continuing to drive growth throughout the region.
“Hugh brings a wealth of valuable experience positioning high-value complex solutions to deliver business value to the asset management industry," said Todd Moyer, Senior Vice President of Global Sales, who leads Confluence’s international expansion efforts. "His extensive knowledge of investment management operations will be invaluable to our clients as they look to solve increasingly complex global data management and regulatory challenges."
Byrne brings more than 25 years of financial services technology experience to his new role. Prior to joining Confluence, Byrne held positions at Thomson Financial, Cognotec Systems and Allied Irish Bank. Most recently, he served as Senior Vice President of the Asset Management Division at Sungard Data Systems.
“I was drawn to Confluence by its innovative solutions offering and its position as a global leader in data-driven reporting and automation technology,” Byrne said. “Asset managers across Europe are challenged to meet increasingly heightened regulatory demands while growing their businesses with greater scale and efficiency. Confluence’s unique range of solutions are ideally placed to enable asset managers and asset servicers to achieve these goals of operational efficiency, regulatory compliance and data-enabled growth. I look forward to helping expand the firm's presence across the region.”
For more than 20 years the global investment management industry has come to trust Confluence to deliver innovative solutions to take the risk out of fund administration. Helping investment management companies gain unprecedented control, Confluence automates every step of the fund administration process—including the collection, creation, confirmation and delivery of investment product data. Results are lower costs, reduced risk, decreased reporting turnaround times and the scalability to automate more processes without additional resources.
Confluence solutions are used by 40 percent of the leading global investment managers, and more than 60 percent of U.S. mutual funds. From the Confluence traditional install, hosted and outsourced Unity® platform solutions to our enterprise-grade SaaS enabled Unity NXT platform, Confluence automates critical fund administration and reporting processes—such as regulatory reporting, financial statement preparation and performance reporting. Confluence solutions support a wide array of collective fund investment types – including European domiciled UCITS, alternative investments, traditional U.S. based ’40 ACT mutual funds, and contemporary fund structures such as ETFs.
Headquartered in Pittsburgh, Pennsylvania, Confluence serves the international fund industry with key locations in San Francisco, Dublin, London and Luxembourg. For more information, visit www.confluence.com
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