Company Research Report: Pirum Systems Ltd.
Company Overview
- Name: Pirum Systems Ltd.
- Mission: To automate the full securities finance trade life cycle and connect industry participants globally, for improved client profitability and a more liquid, transparent and sustainable industry.
- Founded: June 2000.
- Founders: Not specified.
- Key People:
- Philip Morgan (Chief Executive Officer)
- Jat Soomal (Chief Financial Officer)
- Robert Frost (Global Head of Product)
- Jacob Koopmans (Chief Revenue Officer)
- Alex Rothwell (Chief Technology Officer)
- Eva Luterkort (General Counsel)
- Varsha Mistry (People Director)
- Matthew Lyons (Chief Information Security Officer)
- Duncan Carpenter (Director of Product Management)
- Markus Coleman (Director of Marketing)
- Todd Crowther (Head of Corporate Development and Collateral Services)
- Jonathan Ford (Head of Fixed Income Business Development)
- Matthew Lilien (Head of Sales, Americas)
- Frank Seibold (Head of Commercial Development, Americas)
- Aaron Spittles (Head of Application Engineering)
- Thomas Veneziano (Head of North America Product)
- Headquarters: London, UK.
- Number of Employees: Not specified.
- Revenue: Not specified.
- Known For: Pirum is known for its secure, centralized automation and connectivity hub for global securities finance activity, enabling complete automation of the pre-/post-trade and collateral management life cycle.
Products
- Pirum TradeConnect
- Description: A standardized, open, and resilient trade connectivity solution.
- Key Features:
- Increased choice and control for trading desks.
- Real-time connectivity with any counterparty.
- Resilience and operational efficiency.
- Reduction in costs and transparent regulatory reporting.
- Trade Risk Manager
- Description: Provides a centralized dashboard to monitor key risk indicators and automate processes.
- Key Features:
- Real-time monitoring and risk management.
- Exception-based user interface.
- Customizable alerts and workflow platform.
- Recalls Manager
- Description: Offers 24/7 automated recalls management.
- Key Features:
- Central management of all recalls.
- Automation to increase efficiency and reduce costs.
- Improved regulatory preparedness.
- Post-Trade Services
- Description: Offers end-to-end automation for securities finance transactions.
- Key Features:
- Real-time trade reconciliation.
- Automated billing and collateral management.
- Process scalability and cost reduction.
- RepoConnect
- Description: Replaces manual processes with automated trade management.
- Key Features:
- Real-time trade matching.
- Enhanced risk and P&L management.
- Improved settlement efficiency.
- CoacsConnect
- Description: Automates income claims and corporate actions processing.
- Key Features:
- Centralized view and management of events.
- Process automation reduces errors.
- Enhanced operational control and transparency.
- CollateralConnect
- Description: An integrated solution for cross-asset collateral management.
- Key Features:
- Real-time visibility and management.
- Optimization and risk management tools.
- Regulatory compliance and front-office supervision.
- RegConnect
- Description: Comprehensive SFTR solution in partnership with IHS Markit.
- Key Features:
- End-to-end reporting and reconciliation.
- Advanced functionality and communication tools.
Recent Developments
- New Partnerships:
- Integration with BNP Paribas’ Triparty Collateral Services to provide seamless connectivity and automation to mutual clients (October 2024).
- Product Launches/Updates:
- Expansion into pre-trade for Equities and Fixed Income Securities with the announcement of Pirum TradeConnect (September 2024).
- Other Developments:
- Mark Hale appointed as CEO and Ben Challice as President & Chief Strategy Officer (September 2024).
- Strengthened EMEA Sales team with new hires (September 2024).
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Note: Some areas had no specific data available such as revenue figures, the specific number of employees, and the company's founders.
