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RIMES Increases North American Footprint, Meets Client Demand

 
Published on April 02, 2014
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Paul Swinhoe, 20 year financial services technology veteran, hired to support sales efforts in new office

 

RIMES, the leading provider of managed data services for the buy-side, today announced the opening of a new Toronto office to better service the company’s current and growing Canadian client base. Bringing 20 years of financial services technology experience, Paul Swinhoe joins RIMES to support its sales efforts in the Canadian marketplace. Paul joins Derrick Thadani, Vice President and Senior Consultant at RIMES, who has been servicing the Canadian market for the past seven years.

The expansion comes at a time when Canadian buy-side firms and others worldwide are increasingly turning to managed data services to implement holistic approaches to data management and governance of index and benchmark data. Current RIMES clients in the region include the Canadian Pension Plan, Canadian Imperial Bank of Commerce and RBC Asset Management. 

According to John Farris, Head of North American Sales at RIMES, “Our Toronto office expansion is key to serving not only our current clients, but also future ones as well. RIMES has had a strong presence in the Canadian marketplace since early in the company’s founding and the time has come to establish a dedicated office with industry veterans on-the-ground. Paul will serve as an excellent addition to the RIMES team given his reputation in the financial services technology industry and his deep regional expertise.”

Previous to RIMES, Swinhoe held business development roles at SS&C Technologies, TMX Group, StatPro Canada, Star Data Systems and Reuters Canada, working within the Canadian asset and wealth management space delivering middle-office software and market data. 

“I am excited to join RIMES at this significant juncture for the company and as the industry reaches an inflection point when it comes to the adoption of managed data services,” explains Swinhoe.  “In addition to providing local support to our current Canadian clients, there is tremendous opportunity to expand those relationships and establish new ones.”

In conjunction with the opening of the new office, RIMES will also hold the first of two annual RIMES Forums in Toronto on April 8th. The session will bring together Canadian buy-side professionals to discuss business best practices and market challenges regarding the management of index and benchmark data.

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