London
18 May 2017
Reporter: Drew Nicol

Wolters Kluwer fills new strategy chief role


Wolters Kluwer has hired Rajat Somany for the newly created role of global head of strategy, product and platform management for its finance, risk and reporting business.

Somany, who is based in London, will have global responsibility for all aspects of strategy, product management and platform profitability.

He reports to Clive Pedder, executive vice president and general manager of Wolters Kluwer’s Finance’s risk and reporting business.

Somany moves from Citigroup where he spent the past 12 years in series of senior positions including his most recent role as as managing director, with international assignments spanning Europe, Asia Pacific and the US.

Somany said: “Regulators are demanding greater integration across business processes at banks and faster reactions to changing regulation.”

“Siloed approaches are, as a result, a thing of the past, and this is where Wolters Kluwer can help banks adapt. The firm has long proven itself to be a trusted provider of best-in-class regulatory reporting, risk and finance solutions for financial institutions globally, adopting agile and innovative approaches as content-led technology experts.”

Pedder added: “With this senior hire we are further strengthening our overall product strategy and go-to-market capabilities. Rajat Somany has significant senior experience in the banking world that will allow us to further cement our position as the leading provider of integrated regulatory compliance and reporting solutions. I’m delighted to welcome him to the firm.”

More Industry news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Clearstream promises post-Brexit services continuity
20 October 2017 | London | Reporter: Jenna Lomax
Despite the uncertainty that came after the referendum results last year, Clearstream said its main objective through Brexit was to minimise risk of cross-border settlement
SIX successful in migrating clearing payments under ISO 20022
19th October 2017 | Zurich | Reporter: Jenna Lomax
The new Swiss Interbank Clearing (SIC) payment system facilitates the cash-side settlement of securities transactions in real-time
Peel Hunt expands Torstone’s Inferno into US business
13 October 2017 | London | Reporter: Theo Andrew
According to Peel Hunt, the agreement with Torstone will give the firm more flexibility to develop its US business
Orange and BASF select BNY Mellon as depositary bank
12 October 2017 | New York | Reporter: Becky Butcher
BNY Mellon has been appointed as successor depositary bank by both BASF, a German-based chemical company and Orange, the telecommunications company, for their American depositary receipt programmes
BNP Paribas wades into collateral pools with triparty service
05 October 2017 | London | Reporter: Drew Nicol
As a triparty collateral agent, BNP Paribas Securities Services handles its clients’ collateral needs, from net exposure calculation, automatic collateral allocation and substitution, to physical settlement and custody
Smartkarma opens European hub in London
25 September | London | Reporter: Theo Andrew
According to Smartkarma, the move means European analysts can now register with the platform to join the data platform, offering a network approach to insights and publishing tools
First RFQ inflation swap transactions executed on Tradeweb platform
25 September 2017 | London | Reporter: Stephanie Palmer
Tradeweb has completed the first cleared inflation swap transactions using request-for-quote protocol, on its European Interest Rate Swap platform
More Industry news