BOSTON, Nov. 16, 2015 /PRNewswire/ -- Olmstead Associates LLC, a leading provider of strategic and advisory consulting services to the global investment management industry, announced today that Rob Hegarty has joined the firm as President, reporting to Stephen Alepa, CEO. He will oversee all functions and personnel at the firm, driving growth and expansion across its advisory, consulting, and professional development businesses.
"Rob brings over 25 years of experience building and running technology-centric businesses in the global securities and investment industries, and we're excited to add him to the strong team we have been building at Olmstead," said Alepa. "His experience leading technology, data, and advisory businesses, coupled with his standing as a globally recognized, results-driven leader in the investment management industry will serve our clients well as we continue to help them navigate the complex and rapidly changing environment in financial markets and technology."
Prior to joining Olmstead, Rob was most recently the Global Head of Equities at Thomson Reuters, where he oversaw all equities businesses including desktop, data feeds, transactions, distribution platform, and analytics. He joined the firm in 2010 as the Global Head of Market Structure where he drove new client solutions and provided industry insight on rapidly evolving market structure to C-level clients, regulators, and lawmakers. Prior to that, he was Global Head of Strategy and Marketing, and Global Head of Market Structure at Depository Trust and Clearing Corp (DTCC). Previously, Rob was Managing Director and Head of the Securities, Investments, and Insurance practices at TowerGroup (now CEB), the leading research and advisory firm focused on financial services and technology, where he launched and grew TowerGroup's Investment Management practice. Rob was the Head of Technology for Fidelity's Capital Markets business and held senior roles at Putnam Investments and PricewaterhouseCoopers.
"I'm thrilled to be joining Olmstead at such an exciting time in their evolution," said Hegarty. "I've known Olmstead for many years, and have great respect for the reputation they've built as a leading technology and operations consulting firm to the investment industry, with deep domain expertise across the investment value chain. I'm looking forward to taking the helm and helping our clients answer their big questions and meet their needs with advisory services that include strategic planning, business and IT architectures and operating models, strategic data management, middle/back office outsourcing, and best-in-class client servicing models."
Phil Sindel will continue to drive the core project consulting and professional development businesses. Phil stated, "Olmstead's clients increasingly have been coming to us for help with their strategic advisory needs. I'm excited that Rob has joined us to lead Olmstead in this next phase of growth, while we also continue to provide the services for which our customers have come to rely on us to deliver."
For more than 20 years, Olmstead has been helping its clients drive operational and technological change in the front-, middle-, and back-office of the investment management industry by providing expert business, systems and data analysts, project and program management, and professional development services. Now, with the accelerated pace of change occurring in the securities and investments industries – whether due to increased competition and innovation, regulation, rapid advances in technology, mounting pressure for profitability, the need for greater transparency, or other factors – Olmstead is further helping its clients respond to these demands.
About Olmstead Associates
For over two decades, executives at leading Financial Markets firms have turned to Olmstead Associates for assistance in developing and implementing business and IT strategies. We help clients bridge the gap between business and technology through strategic consulting, program and project management and deployment of industry domain expertise. Olmstead has worked extensively with the leading Investment Management, Securities Processing and Custody firms across the portfolio management and trade lifecycles and, increasingly, with their growing client servicing and product distribution challenges. The Olmstead Expert Network, enables us to add value to our clients by bringing the most appropriate skills to bear. In addition to consulting services, Olmstead is also a leader in professional development. We provide industry training to many of the leading buy-side and asset servicing firms through our extensive curriculum, helping improve attendees' domain knowledge, allowing them to speak the language of the securities industry.
For more information about this announcement or Olmstead Associates, please contact:
185 Devonshire Street
Boston, MA 02110
SOURCE Olmstead Associates LLC