Regtech: SteelEye appoints ex-RegTek Solutions Brian Lynch to lead US operation
RegTek Solutions was acquired by Bloomberg in 2019 and he spent two years integrating his product into Bloomberg’s regulatory platform.
SteelEye has appointed Brian Lynch as President of its new U.S. arm, the compliance technology and data analytics firm announced.
Brian Lynch will work closely with CEO, Matt Smith, and the management team, to establish SteelEye’s U.S. footprint and lead the firm’s commercial expansion in the North American market.
Offering its cloud-based compliance and regulatory oversight solutions in North America is the next step of SteelEye’s international expansion.
Brian Lynch has over 25 years of experience in building and implementing technology solutions in the financial services industry. He joined Risk Focus from UBS in 2011, after a 15-year career culminating in his role as Chief Operating Officer for various Prime Services businesses.
As chief executive of Risk Focus, Brian Lynch expanded the scale and profitability of the consulting business and oversaw the development of a regulatory focused software solution that he then spun out to create RegTek Solutions, funded by Illuminate Financial and the Deutsche Boerse.
RegTek Solutions was acquired by Bloomberg in 2019 and he spent two years integrating his product into Bloomberg’s regulatory platform. Mr. Lynch joins SteelEye after those two years of integration with Bloomberg. His curriculum vitae speaks for himself.
Matt Smith, Chief Executive Officer of SteelEye said: “Brian’s experience in the industry is second to none, making him a perfect choice to lead SteelEye’s U.S. business. Our North American clients will benefit hugely from his extensive regulatory background. 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.”
Brian Lynch, President, SteelEye U.S., commented: “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. 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.”
“The abundance of regulations and regulatory change in the European markets has encouraged innovation in the region. While competition is strong in the UK and Europe, the North American markets are not as well served. The U.S. financial services market is broad and offers a tremendous opportunity for solutions that have proven themselves in a rigorous regulatory environment and I am excited to bring SteelEye to the U.S. client base”, Mr. Lynch added.
The London-based regtech firm claims to be the only regulatory compliance technology and data analytics company that offers transaction reporting, record keeping, trade reconstruction, and best execution along with data insight in one comprehensive solution.