|By Business Wire||
|January 29, 2014 03:00 AM EST||
Confluence, a leading provider of automated data management solutions for the investment management industry, announced today that veteran financial services technology executive Sal Pent has joined the company as a Managing Director of Support Services. Based in London, Pent will oversee the company’s global customer service and product support operations as Confluence continues to expand its global footprint.
“Sal is an experienced product development and services leader and a proactive change agent. His proven record of growing global organizations will be an asset as we execute on an aggressive path to expand into adjacent and global markets,” said Skip Smith, Confluence chief operating officer, who leads the development and execution of Confluence’s global growth initiatives. “Our clients will benefit from his leadership in accelerating the speed-to-impact of their technology investments, and from his focus on strategic product innovation.”
Pent brings over 20 years of financial services and technology experience to his role, including executive roles with JP Morgan in the United States and the United Kingdom that include executive technology positions in treasury and securities services, electronic fund services, and treasury services management.
“I am excited to join an established global firm that has such a strategic focus on global growth through product innovation, client loyalty and strategic acquisitions. Our top-tier client base will be the foundation of our continued success,” Pent said. “Executing on a centralized global delivery model and engaging our loyal clients as partners to grow our global presence in the EMEA region is a top priority in 2014.”
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.