The Enterprise Data Management Council is pleased to announce the election of Peter Serenita as Chairman of the EDM Council’s Board of Directors. Serenita has been a member of the EDM Council’s Board of Directors since 2008 and the HSBC Group Chief Data Officer since March 2013.
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. In his role as Chairman, Serenita will tap his rich industry expertise to help drive the Council’s agenda, leveraging his experience in directing enterprise-wide efforts in implementing data governance processes, defining data standards, establishing data control mechanisms and enhancing data quality.
“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” said 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.”
In addition to HSBC, the EDM Council’s Board includes representatives from Bank of America, Bank of New York Mellon, Barclays PLC, Bloomberg PolarLake, Broadridge Financial Solutions, Citigroup, Credit Suisse, Deutsche Bank, the Depository Trust & Clearing Corporation, GoldenSource Corporation, Goldman Sachs & Co., IBM, JPMorgan Chase, M&G Asset Management, Nordea Bank AB, RBC Capital Markets, Standard & Poor’s Corporation, State Street Corporation, Thomson Reuters, UBS AG and Wells Fargo & Company.