Press Releases

David Hirschfeld Joins Asset Control

New York, April 18, 2005

New senior executive brings more than two decades of business knowledge in capital markets, technology and business management to Asset Control team

Asset Control, a leading provider of centralized data management solutions to the financial industry, today announced that David J. Hirschfeld, has joined the firm as senior vice president of operations. 

Most recently the managing director of enterprise data services at Citadel Investment Group, Hirschfeld brings deep industry expertise to the oversight of company operations. This includes support of a number of strategic initiatives, including the turnkey solutions program, the innovative Asset Control Solutions Center environment for product demonstrations and development, and outsourced services in partnership with Accenture.

Hirschfeld joins Asset Control after a career of more than two decades in capital markets operations, technology, research and trading.  In particular, his background in data management includes managing large teams and systems covering the full range of price and reference data, performance optimization through technology and personnel programs, and third-party software projects and outsourcing relationships.

“Dave’s career background makes him an ideal choice to be the senior operational executive at Asset Control,” said CEO Ger Rosenkamp. “His deep business knowledge and his management expertise will benefit our organization and will enable us to deliver more value to our customers.”

Hirschfeld comments, “I was attracted to Asset Control by my experience with the strength of its product offering and the quality of its people.  Their leadership position in data management technology is reflected in an unmatched track record of successful projects, the breadth of the solutions, and the large number of both domestic and international clients.  Asset Control is clearly a dynamic company poised for substantial growth and I am delighted to be a part of it.” 

Previous financial industry positions held by Hirschfeld include first vice president and CTO of the enterprise data standards initiative at Merrill Lynch, principal of the market data group at Morgan Stanley Dean Witter, partner and CTO of Tudor Investment Corp., and member and staff economist of the Chicago Board of Trade.  He was the founder and CEO of Tudor Software, which developed analytical software for hedge funds, and served as a senior executive of Powers Research Inc., a consulting and development firm in capital markets technology. Hirschfeld also served as a director of Iverson Financial Systems prior to its acquisition by Capco.

About Asset Control
Asset Control offers centralized data management to financial industry firms through a full range of in-house and outsourced options.  A choice of developer tools, turnkey software solutions and outsourced services enable users to optimize their investment data for efficiency, cost control, reduced operational risk and increased value from their data. 

Derived from the robust and reliable AC Plus modular framework, the Asset Control product set includes data solutions addressing market risk, counterparty credit risk, security master, research and corporate actions, as well as global data networking and administration. Handling data from vendors and in-house systems, these solutions collect, validate, normalize, and consolidate data into cleansed composite “golden copy” sets for business use.

Customers include the LCH.Clearnet, Abbey National, ABN AMRO, Barclays Capital, Bayerische Landesbank , BBVA, Commerzbank, IBM (Dresdner Bank), Harvard Management Company, HSH Nordbank, HypoVereinsbank, Grupo Santander, ING, Robeco Groep, Société Générale, Standard Chartered and Union Investment, as well as a super-major global energy group. Established in 1991, Asset Control is a privately held firm with operations in London, New York and the Netherlands.  For more information please visit www.asset-control.com.