ETF and benchmark managed data service provider Ultumus has announced the opening of a US office in San Francisco, to support the growth of its business in the US and Canada.
It marks a third key location after London and Singapore, and will be headed by Fe Zamora (pictured), formerly of IHS Markit, who will be responsible for building out the team and managing US operations.
Since 2016, Ultumus has deployed its ETF and index managed data service to Tier 1 investment banks, asset managers, investor service groups and exchanges and also become the fastest growing PCF calculation partner for ETF issuers globally, it says. The buiness is focused on the index and ETF data space and sees considerable opportunity where existing vendors have not updated their platforms and products.
Bernie Thurston, CEO, said: "This is an exciting time for Ultumus. We have opened an office in San Francisco headed by a highly experienced manager and also moved to new larger offices in the City of London at the beginning of the year to accommodate our growing UK team. We look forward to continuing our expansion in 2020, increase our market share and deliver solutions to our clients."