HSBC's CDO to Chair EDM Council

The Enterprise Data Management (EDM) Council, a non-profit industry association, has elected HSBC’s Chief Data Officer Peter Serenita as its chairman.

Serenita has been a member of the EDM Council’s board of directors since 2008 and has been in his role at HSBC since March 2013. In his role as chairman, Serenita will lead the Council’s efforts in areas such as implementing data governance processes, defining data standards, establishing data control mechanisms and enhancing data quality.

“The election of Peter Serenita comes at a particularly critical time for the practice of data management in the financial services industry. Banks and other financial institutions are fully engaged in an industry-wide process of aligning data across multiple global repositories to support business innovation, operate more efficiently and meet regulatory risk aggregation goals,” says the EDM Council.

“The financial services industry is data intensive” says Serenita. “The EDM Council is spearheading important work to implement standards and adopt data management best practices. Both of these goals are fundamental to the financial services industry and essential to all involved in unraveling its interconnected nature.”

“Peter Serenita has been one of the pioneers of data management” says Michael Atkin, managing director of the EDM Council. “He has been a long-time advocate of global collaboration and has helped establish the current agenda of the EDM Council. We are grateful to Peter for his leadership and to HSBC for their continued support of the mission of the organization.”