AxiomSL Makes Strategic Business Development Hire In Asia-Pacific

SINGAPORE, HONG KONG, SYDNEY, Aug. 23, 2017 /PRNewswire/ -- AxiomSL, the global leader in regulatory reporting,  data and risk management solutions, announced the appointment of David Wormald as its Asia-Pacific (APAC) Regional Sales Director. Based in Hong Kong, David will be responsible for the firm's sales and business development activities in APAC.

David has more than 25 years of industry experience including his most recent role at Thomson Reuters Financial and Risk division as APAC Regional Sales Director for Enterprise Content & Capabilities. Prior to Thomson Reuters, he was the Regional Sales Manager for NYSE Technologies and APAC Head of Business Development for Broadridge in Hong Kong. David will join the senior leadership team at AxiomSL and report into APAC CEO, Peter Tierney, based in Singapore.

Welcoming David to the firm, Peter Tierney said, "As we continue to expand in APAC, we see great value in bringing on-board industry veterans like David. In addition to Singapore, and Australia, we are seeing increasing demand from Hong Kong and the North Asian market and aim to better serve our clients within this region with David being based in Hong Kong. David has spent a large part of his career holding senior leadership roles in APAC delivering successful go-to-market strategies in his previous roles. We look forward to having him drive our growing client base and steering our business to the next level."

"2016 was a good year for our business and we expect to continue this success in 2017. We announced the appointment of a Country Manager in Australia earlier in the year and with David's arrival, we are continuing to expand our ability to support the growth of our APAC customer base." says Peter.

Commenting on his appointment David added, "I am delighted to be joining AxiomSL during this exciting phase of growth. I am encouraged to see that financial institutions in APAC are recognising the importance of systemic and strategic solutions when it comes to regulatory compliance reporting instead of opting for tactical and short-term fixes. Reporting mandates such as FATCA/CRS, MAS 610 and BCBS 239 will be part of banks' daily operations for the next 5-10 years. Firms should take the opportunity to look at longer term goals by considering the benefits of tackling regulatory compliance as a strategic data management function. I'm excited to be joining the team and am looking forward to engaging with our clients, partners and prospects across APAC."

Notes to the Editor:

David Wormald
David Wormald

David Wormald
APAC Regional Sales Director

David is responsible for the creation and execution of AxiomSL's go-to-market strategy for APAC. Based in Hong Kong, he oversees a team that includes account management, marketing, sales as well as pre-sales functions.

With over 25 years of experience in the financial services space, David has worked in North America and Europe but has spent more than half of his career in APAC holding key roles within business development, project management/operations and client management functions.

Before joining AxiomSL, David was with Thomson Reuters as APAC Regional Sales Director for Enterprise Content & Capabilities providing both financial and risk related solutions to clients. Prior to that, he was the Regional Sales Manager for NYSE Technologies and the APAC Head of Business Development for Broadridge in Hong Kong. His expertise lies in developing effective go-to-market strategies whilst fostering a team with the talent and skill set to execute them successfully across multiple countries.

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About AxiomSL:

AxiomSL is the leading global provider of regulatory reporting, data and risk management solutions for financial services firms, including banks, broker dealers, asset managers and insurance companies. Its unique enterprise data management (EDM) platform delivers data lineage, risk aggregation, analytics, workflow automation, validation and audit functionality.

The AxiomSL platform for change seamlessly integrates clients' source data from disparate systems and geographical locations without forcing data conversion. It enriches and validates the data, and runs it through risk and regulatory calculations to produce both internal and external reports. The platform supports disclosures in multiple formats, including XBRL. The unparalleled transparency offered by the high-performance platform gives users the ability to drill down on their data to any level of granularity.

AxiomSL's platform supports compliance with a wide range of global and local regulations, including the Dodd- Frank Act -- CCAR, Basel III capital and liquidity requirements, IFRS 9/CECL, FATCA/CRS, EMIR, FDSF, BCBS 239, Solvency II, AIFMD, central bank disclosures, and both market and credit risk management requirements. The enterprise-wide approach offered by AxiomSL enables clients to leverage their existing data and risk management infrastructure, and reduces implementation costs, time to market and complexity.

AxiomSL was awarded The Asian Banker's 2016 "Best Compliance Risk Technology Implementation of the Year" as well as "Best Implementation at a Sell-side Firm" for the second year running for the 2017 Sell-side Technology Awards. It was voted Best Reporting System Provider in the 2015 Waters Rankings and was highlighted as a 'Category Leader' by Chartis Research in its 2015 Sell-side Risk Management Technology report. The company's work has also been recognized through a number of other accolades, including success in the Best Reporting Initiative category of the American Financial Technology Awards and in the Customer Satisfaction section of the Chartis RiskTech100 rankings.

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