GoldenSource Corporation has appointed Stephen Engdahl as senior vice president of product strategy.
With more than 10 years of experience in the financial trade and compliance arena, Engdahl will play an integral role in aligning the GoldenSource platform with key business and regulatory drivers facing the capital markets, GoldenSource says.
With regulations such as Basel III and Solvency II demanding improved risk management and more robust reporting capabilities, there is a pressing need for financial firms to adopt an integrated data management approach, Engdahl says. Firms can no longer afford to have an incomplete picture of data across business lines as they work to increase levels of transparency and ensure compliance. Firms need to review how they approach risk management to ensure they are flexible enough to handle the changing regulations being put in place.
Engdahl joins GoldenSource after 5 years as director of product management at Charles River Development, a provider of order management, trading and compliance software.
Financial institutions face a challenging few years as risk-focused regulations come into play, and its critical they are able to link up fragmented business lines to establish an overall perspective of operations, says GoldenSource CEO Mike Meriton. Stephens extensive experience in financial compliance, and having worked in both the front and back office, will be of benefit to GoldenSource as we enhance our product scope and enter our next phase of growth.