Transparency services provider Simplitium, is hiring Kas Bank pair Stewart Bevan and Tom Hibbard to lead a drive into the pensions sector.
Simplitium has delivered reporting solutions in the over the counter (OTC) broking sector for a decade, helping non-pension financial services providers deal with transparency issues and meet their MiFID II obligations.
Simplitium says its new initiative will explore ways to help industry players improve the quality of reporting and promote greater efficiency.
Bevan joins Simplitium as head of product development for ClaritEx where he will focus on developing its next generation transparency and governance solution. At Kas Bank he was a product manager, responsible for the bank’s reporting solutions in the UK.
Hibbard joins as head of business development for pensions. He was formerly a business development manager at Kas Bank.
Simplitium CEO Jamie Khurshid says: “This is an exciting new initiative and I am delighted to have the leading UK practitioners on board to explore the opportunities in this market. Simplitium isn’t only about transparency in terms of regulatory reporting anymore. Simplitium is about identifying opaque markets and delivering efficiencies through transparency. Using our experience, we have translated our skills and capabilities into new sectors and industries, and the pensions initiative is no different. We are excited about the prospect of delivering effective, independent and trusted services to this industry.”
Bevan says: “Having spent a number of years identifying the pressures on UK pension schemes, I believe there is still a lot we can do as an industry to help stakeholders. Having worked on projects for DB schemes and the LGPS, I am keen to develop forward-thinking and innovative solutions across the wider pensions market. We will use the latest technologies to empower the wider pension community by increasing the transparency and quality of portfolio information available to them. Enhanced transparency will empower schemes and enable them to better manage future outcomes.”
Hibbard says: “Through talking to schemes, consultants and managers, we will be able to ascertain and convert their real and immediate needs into market-leading services. New technologies exist now that weren’t available when the current set of investment and governance reports were originally developed. I believe Simplitium’s structure, size and proven track record in financial services make us the ideal partner to provide innovative solutions and develop the future of effective governance reporting for the industry.”
