Confluence Reinforces European Commitment with Appointment of UK- based Chief Operating Officer
Financial Technology Veteran Salvatore Pent Promoted to COO
February 19, 2015
Confluence, the global leader in investment data management automation for regulatory, financial and investor reporting, today announces that it has promoted Salvatore Pent as Chief Operating Officer for Confluence's global operations.
Based in Confluence's London office Salvatore will continue to oversee the company's global professional and client services, business process outsourcing, product development and IT infrastructure and enterprise security operations. Salvatore brings 20 years' global experience of financial services and technology, as well as high level skills in leading large organizations through major implementations, migrations, and strategic planning.
Salvatore joined Confluence in 2014 as Managing Director of the company's Global Product Delivery division and has previously held executive technology positions in treasury and securities services, electronic fund services, and treasury services management. Most recently, he was Executive Director Treasury & Securities Services EMEA PMO with JP Morgan Chase, where he was responsible for sanction screening programs and international footprint delivery for Europe and the Middle East in support of the company's Global Corporate Bank strategic international focus. He has also held leadership positions with JP Morgan's Treasury and Security Services EMEA and Electronic Fund Services divisions.
Commenting on the appointment, Mark Evans, Chairman, President and CEO, said: 'As our business continues to grow across Europe and beyond, we have felt it necessary to have one of the company's senior executives in London, both to demonstrate our commitment to the market and to handle the scale of our growing global operations. Since joining Confluence last year, Sal has been instrumental in helping Confluence meet the growing needs of our increasingly global operation and client base.
'Under his leadership, we have raised the bar on operational efficiency across our service and support organizations and we have leveraged our various locations around the world to create a global support model.'
As a proven leader delivering an innovative platform to put the data first in asset management, Confluence is leading the DataTech evolution for post-trade reporting. We focus on getting the data right, then reusing it across multiple regulatory, financial, statutory, performance and investor communications deliverables for speed, efficiency and control. Eight of the top 10 global service providers license Confluence products and eight of the top 10 global asset managers have business processes automated through Confluence. Headquartered in Pittsburgh, PA, Confluence serves the international fund industry with locations in Brussels, Ho Chi Minh City, London and Luxembourg.