FundsLibrary has appointed Andy Toghill as Chief Technology Officer, a new role for the business.
Toghill joined from AXA and prior to that he was CIO at MixRadio. He comes with a wealth of expertise of over 30 years in technical, operational and leadership roles within the Insurance, Financial, Telecoms, Software and Music industries. He will take responsibility for end-to-end technology delivery, including leading on the technology strategy to support innovation initiatives.
FundsLibrary CEO Arun Sarwal said: “The fund management industry is at an inflection point. On top of the step change in regulation we are seeing, asset managers are looking closely at their operating models to improve cost efficiency. They are facing considerable change, not least the need for transparency and to digitise. There is also a cultural shift in their willingness to consider cloud-based solutions and adopt new technologies, particularly around data management.
“As a business founded on technology and developing solutions to respond to the needs of the fund industry, FundsLibrary is committed to initiatives to make the management of fund data for asset managers more efficient using emerging technologies. Andy’s appointment is a key step in ensuring we can deliver on that commitment, given his wealth of experience of working across a broad range of industries and types of companies.”
Toghill added: “The investment industry is an exciting place to be in right now. There are lots of opportunities within the tech space that FundsLibrary is in the prime position to take advantage of. I am excited for the challenges to come and for the opportunity to work within such a forward-thinking team.”
FundsLibrary is one of the investment industry’s leading providers of fund data, related regulatory services and software solutions.
It has been working with the investment industry for over a decade, managing and distributing fund data, documents for marketing and supporting regulatory requirements for the asset management industry. Since the introduction of the MiFID II regulations on 3rd January 2018, FundsLibrary has maintained over 95% coverage of the required Ongoing Charges Figure (OCF) data across over 30,000 funds on the platforms it supports and has responded to over five million requests for data.