J.P. Morgan has appointed Gerard Francis to head its new data solutions business within securities services.
Francis joins J.P. Morgan from Bloomberg where he was global head of enterprise data. He has 25 years of experience and a track record of delivering enterprise data solutions that help financial institutions drive performance and improve efficiency.
Francis will report to Teresa Heitsenrether, global head of securities services, and will join the securities services management team.
Securities services delivers integrated, end-to-end client solutions across the investment lifecycle, leveraging J.P. Morgan’s ability to combine asset servicing with the capabilities of its CIB franchise.
Several businesses will come together to form the new Data Solutions organisation. Included in this is the Asset Manager Platform, an integrated, open architecture platform that provides clients with access to both J.P. Morgan proprietary and third-party data, risk and analytics to streamline the investment process and drive performance.
Investment Information Services will also be included. This provides post trade analytics services to over 400 asset owner and asset manager clients. The IIS product set includes performance analytics and attribution, risk and exposure analysis, compliance monitoring and environmental, social and governance analytics.
Additionally, Extended Enterprise will form the new Data Solutions organisation. This business encompasses integrated workflows, data delivery and real-time updates delivered in conjunction with client order management systems.
Enterprise Data Management makes up the final business to form the new Data Solutions organisation. This offers fully integrated, cloud native solutions that allow asset managers to store and aggregate multiple sources of data into a single source of truth to fuel analysis, collaboration and insights.
The current leaders of these initiatives, Rich Crozier, Mark Huamani and Naveen TV, will report directly to Francis.
Heitsenrether comments: “As the needs of asset managers and asset owners continue to evolve, J.P. Morgan is investing in the people, technology and capabilities to help its clients achieve their strategic growth objectives.”
“Data is an increasingly important focus area for our clients, as advances in technology and data science unlock new opportunities to optimise investor outcomes. As such, we are committed to helping our clients manage and integrate their data, while providing them with the tools and analytics to unlock insights and drive decision making.”
Heitsenrether adds: “Data Solutions brings together a number of exciting initiatives already underway across securities services, allowing us to develop comprehensive and differentiated solutions, while optimising our investments and accelerating delivery.”
