SteelEye, the compliance technology and data analytics firm, has appointed regtech veteran Brian Lynch as President of its new U.S. arm.
Working closely with CEO, Matt Smith, and the management team, Lynch will establish SteelEye’s U.S. footprint and lead the firm’s commercial expansion in the North American market, leveraging his industry experience and regional knowledge.
The appointment marks the next step in SteelEye’s international expansion and will allow the company to offer its distinctive cloud-based compliance and regulatory oversight solutions in North America.
Commenting on the appointment, Matt Smith, Chief Executive Officer of SteelEye said: “Brian’s experience in the industry is second to none, making him a perfect choice to lead SteelEye’s U.S. business. Our North American clients will benefit hugely from his extensive regulatory background. Brian’s knowledge and understanding of the regulatory challenges financial firms in North America face will be invaluable. I look forward to working closely with Brian as we continue to build out SteelEye’s North American franchise.”
Brian Lynch, President, SteelEye U.S., said: “I am thrilled to join SteelEye at such an exciting stage for the business. The data platform that SteelEye has created is precisely what the market needs - it is flexible, dynamic, and powerful. The ease with which clients can navigate and aggregate data from multiple and disparate sources offers so much to users. This is especially true for firms who have struggled to extract information from the vast quantity of data that they generate on a daily basis. Everyone is looking for greater insights and SteelEye has built a platform that delivers exactly that.”
He added: “The abundance of regulations and regulatory change in the European markets has encouraged innovation in the region. While competition is strong in the UK and Europe, the North American markets are not as well served. The U.S. financial services market is broad and offers a tremendous opportunity for solutions that have proven themselves in a rigorous regulatory environment and I am excited to bring SteelEye to the U.S. client base.”
Brian Lynch has been innovating, building, and implementing technology solutions in the financial services industry for over 25 years. In 2011, he joined Risk Focus from UBS, after a 15-year career culminating in his role as Chief Operating Officer for various Prime Services businesses.
As CEO of Risk Focus, Lynch expanded the scale and profitability of the consulting business and drove the development of a regulatory focused software solution that he then spun out to create RegTek Solutions, one of the market-leading Regulatory Reporting startups, funded by Illuminate Financial and the Deutsche Boerse.
In 2019, Bloomberg acquired RegTek Solutions and Lynch then spent two years integrating his product into Bloomberg's regulatory platform and growing the business before leaving to join SteelEye.