Compliance technology provider SteelEye has appointed a regulatory technology expert from Bloomberg as president of its new US arm.
Brian Lynch will take on the role, working closely with Matt Smith, chief executive of SteelEye, and the management team to help establish the firm’s US footprint.
Leveraging his industry experience and regional knowledge, Lynch will also lead SteelEye’s commercial expansion in the North American market.
Lynch joins from Bloomberg where he most recently acted as global head of its Regulatory Reporting Services, formerly RegTek Solutions, which was acquired by Bloomberg in August 2019.
Prior to the acquisition, Lynch acted as co-founder and chief executive of RegTek Solutions.
“Brian’s experience in the industry is second to none, making him a perfect choice to lead SteelEye’s US business. Our North American clients will benefit hugely from his extensive regulatory background,” said Smith.
“Brian’s knowledge and understanding of the regulatory challenges financial firms in North America face will be invaluable. I look forward to working closely with Brian as we continue to build out SteelEye’s North American franchise.”
Lynch’s appointment follows that of Philip Lemmon, who was appointed as commercial director earlier this year, following the reveal of SteelEye’s plans to expand into the US.
To help support its expansion plans, SteelEye successfully raised $17 million in two separate funding rounds last year, led by Fidelity International Strategic Ventures and Illuminate Financial, and US-based investor Beacon Equity Partners respectively.
“I am thrilled to join SteelEye at such an exciting stage for the business. The data platform that SteelEye has created is precisely what the market needs – it is flexible, dynamic, and powerful. The ease with which clients can navigate and aggregate data from multiple and disparate sources offers so much to users,” said Lynch.
“This is especially true for firms who have struggled to extract information from the vast quantity of data that they generate on a daily basis. Everyone is looking for greater insights and SteelEye has built a platform that delivers exactly that.”