Wolters Kluwer Appoints New Global Head for Finance, Risk & Reporting Business

Wolters Kluwer’s Finance, Risk & Reporting business has a new global head. It has hired Claudio Salinardi to lead the business as Executive Vice President and General Manager. He started with the firm on Tuesday May 29th and replaces Clive Pedder who steps down from the position after more than four years with the firm to pursue outside career and personal interests.

Salinardi joins Wolters Kluwer from ICE Data Services where he was Global Head of Strategic Alliances, responsible for managing the firm’s relationships with its largest and most influential partners. Prior to ICE, Claudio spent over 10 years with Thomson Reuters in progressively senior roles, ultimately leading its Fixed Income business globally. He has direct experience of banking – starting his career working in Equity Research Sales, holding positions at JP Morgan and ABN AMRO among other financial institutions – and holds a Master’s degree in Economics.

Salinardi, who is based in the company’s London office, will have responsibility for the global operations of the Finance, Risk & Reporting business in Europe, the Middle East & Africa (EMEA), Asia Pacific (APAC) and the Americas. He reports directly to Richard Flynn, New York-based CEO of Wolters Kluwer’s Governance, Risk and Compliance Division, and “will be tasked with helping financial institutions address their integrated regulatory compliance and reporting challenges,” according to a company spokesman in London.

Wolters Kluwer’s Finance, Risk & Reporting business is a global market leader in the provision of integrated regulatory compliance and reporting solutions, supporting regulated financial institutions in meeting their obligation to external regulators and their own board of directors. Leading financial services firms from across the world have implemented the company’s award winning OneSumX solution for Regulatory Reporting, Risk and Finance. Major financial services providers that have recently announced their use of Wolters Kluwer solutions include SME Development Bank Malaysia Berhad, Bahrain Middle East Bank, China Everbright Bank, China Merchants Bank, LGT and Nordea.

“It’s incredibly exciting to be joining the leading business for integrated regulatory compliance and reporting technology solutions globally,” Salinardi said in a statement. “Wolters Kluwer is well-positioned to continue its growth and expansion by helping clients comply with rapid and unpredictable regulatory change. I look forward to working with the talented team of experts here to ensure our existing and new clients have access to the best possible technological solutions.”

Richard Flynn commented: “More than ever global regulators are demanding greater integration across business processes at banks and faster reactions to changing regulation. This business has developed cutting edge technology to allow clients to adopt agile and innovative approaches to managing their ever important finance, risk and reporting obligations. I very much look forward to working with Claudio and would also like to thank Clive for his leadership and dedication, wishing him well in his future endeavors. Clive and Claudio will be working together in the coming weeks to ensure a smooth leadership transition.”

Wolters Kluwer has enjoyed a successful 2018 to date with highlights including the announcement that ABN AMRO, the third largest bank in the Netherlands with more than 22,000 employees, has chosen a unique partnership of Wolters Kluwer and SAS to provide a truly integrated finance, risk and regulatory reporting software solution. The implementation of the software is part of the bank’s major transformation project, the Finance and Risk Architecture Alignment Initiative (FRAAI), which is designed to better meet increasing requests internally as well as from regulatory bodies for ever more granular or different data within shorter time lines.

The firm has also been adding personnel to its global management – the Finance, Risk & Reporting Executive Team. Earlier this month, for example, Wolters Kluwer appointed Rainer Fuchsluger as Managing Director of its Finance, Risk & Reporting business in the APAC region, based in Singapore. He replaces James Stewart who is leaving Wolters Kluwer after five years with the firm, returning to his native Australia for family reasons.

Fuchsluger joins Wolters Kluwer from SS&C Technologies where he was Regional Managing Director of the Institutional and Investment Management business in Asia.

And last year the firm hired Rajat Somany as Global Head of Strategy, Product and Platform Management – a newly created role. Somany has global responsibility for all aspects of strategy, product management and platform profitability, based in London. He has more than 25 years of strategy, technology and operational management experience in the global financial services sector. For the 12 years prior to Wolters Kluwer he held a variety of senior management roles as a Managing Director at Citigroup, with international assignments spanning Europe, Asia-Pacific and the U.S.