BlackRock Selects Thomson Reuters Org ID Managed Service
(Thomson Reuters ONE) -
BlackRock's use of Org ID will complement its Counterparty Due Diligence process
NEW YORK/LONDON, April 30, 2015 -- Thomson Reuters, the world's leading source
of intelligent information for businesses and professionals, today announced
that BlackRock, a leader in investment management, risk management and advisory
services for institutional and retail clients worldwide, has selected Thomson
Reuters Org ID (Org ID) to complement its existing rigorous counterparty due
diligence process.
"We have very robust counterparty due diligence processes in place and have
selected the Thomson Reuters Org ID service to further augment the screening and
ongoing monitoring of trading counterparties," said Robert Goldstein, Chief
Operating Officer of BlackRock. "Thomson Reuters ability to leverage other
assets across their suite of risk solutions in an integrated offering provides
us with an effective resource to complement BlackRock's counterparty risk
management program."
"We are thrilled to be working with BlackRock to further enhance its
counterparty due diligence process," said Steve Pulley, Global Managing Director
of Org ID at Thomson Reuters. "Our solution has been uniquely designed with the
requirements of leading asset management and alternatives firms such as
BlackRock in mind. We recognise the importance of screening and continuous
monitoring of clients and counterparties to the on-boarding and refresh process,
something we firmly believe differentiates our offering."
The agreement with BlackRock follows Thomson Reuters Org ID recently becoming
the first KYC managed service provider to successfully complete an ISAE 3000
audit, conducted by PwC, in relation to the design of and adherence to internal
processes, controls and compliance policy. It demonstrates trust in Thomson
Reuters to develop innovative solutions for the market that reduce the burden of
regulatory compliance, while accelerating the ability to conduct global business
with confidence.
In March 2014, Thomson Reuters launched Org ID, an end-to-end client identity
service that collects, verifies, screens, determines ultimate beneficial owners,
and monitors a legal entity for change. The managed service is used for client
on-boarding as well as enhancing and refreshing existing portfolios to a global
standard. The service facilitates the exchange of identity information through a
secure web-based portal and streamlines the distribution of documentation to
financial institutions. Thomson Reuters Org ID provides a real-time "passport"
which represents a validated and screened entity, thereby simplifying the
account opening process needed to conduct business globally.
Thomson Reuters and Org ID recently won 'Best KYC and Client On-Boarding
Solution' at the second annual Data Management Summit Awards 2014, hosted by A-
Team Group. The Data Management Summit Awards recognize outstanding products
and services in data management and are voted on by senior managers from
financial institutions and readers of Reference Data Review.
For more information about Thomson Reuters Org ID, go to
http://accelus.thomsonreuters.com/products/accelus-org-id
Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for
businesses and professionals. We combine industry expertise with innovative
technology to deliver critical information to leading decision makers in the
financial and risk, legal, tax and accounting, intellectual property and science
and media markets, powered by the world's most trusted news
organization. Thomson Reuters shares are listed on the Toronto and New York
Stock Exchanges. For more information, go to http://thomsonreuters.com/
CONTACTS
Lemuel Brewster
Senior PR Director, Financial & Risk, Americas
Office +1 646-223-5147
Mobile +1 917-805-1089
Lemuel.brewster(at)thomsonreuters.com
Mark D. Harrop
PR Manager, Financial & Risk
Office +1 646-223-7803
Mobile +1 347-803-5575
mark.harrop(at)thomsonreuters.com
Brian Mairs
Global Head of External Comms, F&R, VP Corporate Affairs
Office +44-20-7542-7866
Mobile +44-77-9947-7998
brian.mairs(at)thomsonreuters.com
Brian Beades
Media Relations, BlackRock
Office: +1 212-810-5596
brian.beades(at)blackrock.com
This announcement is distributed by GlobeNewswire on behalf of
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Thomson Reuters Corporation via GlobeNewswire
[HUG#1917638]
Unternehmensinformation / Kurzprofil:
Datum: 30.04.2015 - 15:59 Uhr
Sprache: Deutsch
News-ID 389976
Anzahl Zeichen: 5361
contact information:
Town:
New York
Kategorie:
Business News
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