Strengthening product strategy and business development and driving forward the US soft dollar transaction reconciliation services
London, New York and Bangalore – 1 August 2019 – Commcise, a Euronext company and award-winning provider of commission management and research valuation solutions to the buy-side and sell-side, today announces that Richard Hooke and Scott Douglass have joined the company to strengthen the global business development and product strategy teams.
Richard Hooke is based in London as Director of Product Strategy. He brings a wealth of experience in the FinTech area having focused on providing leading-edge front office systems for the asset management community in his previous roles as Head of Products at LatentZero and latterly as the Buy-side Product Director at Fidessa.
Amrish Ganatra, Managing Director at Commcise, commented, “We are delighted Richard has joined us. Richard has extensive knowledge and understanding of both the buy-side and sell-side requirements and will help us maximise capabilities of our solutions, allowing us to continue to deliver innovative solutions addressing the challenges of this fast-moving industry.”
Richard said, “I am very pleased to have joined Commcise and looking forward to helping the team streamline the commission management and research valuation workflows between the buy side, sell side and research providers and deliver new insights into the effectiveness of the research spend.”
Scott Douglass is based in New York and joins as Director of Business Development. Scott is responsible for driving the continued growth of the Commcise brand in the region. Previously, Scott was Director of Institutional Sales and Commission Management at Instinet and spent a decade at Deutsche Bank. Other experience includes Bloomberg Tradebook and UBS where he was Director of Commission Management Sales.
Scott will also be working in the Commcise team which provides soft dollar eligible transaction reconciliation and recordkeeping services to clients in the United States market.
Amrish commented “Scott is widely known and respected in US Commission Management circles, having held senior roles in several industry-leading organisations. We are delighted that he has joined our existing successful team. In addition to the client-facing aspects of his role, we will be leveraging Scott’s experience to shape our products and services for the US market in the coming years.”
Scott added, “Commcise has a market leading solution for both buy and sell side firms and I am looking forward to bringing my experience and understanding of Commission Management requirements and the nuances of the North American market to support the growth of Commcise client base here.”
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Commcise offers independent, cloud-based, fully-integrated commission management and research valuation solutions to the buy-side, sell-side and research providers through its CommciseBUY, CommciseSELL and CommciseCS product suite.
Commcise was founded by buy side industry professionals and have in-depth experience of implementing complex global technology solutions. With over 600 buy-side and sell-side clients globally, Commcise’s clients include some of the largest institutional asset managers, hedge funds, brokers and research providers in the world. Commcise is majority-owned by Euronext, the leading pan-European exchange in the Eurozone, covering Belgium, France, Ireland, The Netherlands, Portugal and the UK.
For further information on Commcise, please go to www.commcise.com or follow us on Twitter at @commcise
Euronext is the leading pan-European exchange in the Eurozone, covering Belgium, France, Ireland, The Netherlands, Portugal and the UK. The Norwegian stock exchange and its clearing & settlement subsidiary, together with operating as Oslo Børs VPS, joined Euronext on 17 June 2019. With 1,239 listed issuers worth €3.8 trillion in market capitalisation as of end June 2019, Euronext is an unmatched blue-chip franchise that has 26 issuers in the Morningstar® Eurozone 50 Index℠ and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, Euronext also operates Euronext GrowthTM and Euronext AccessTM, simplifying access to listing for SMEs.
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