Confluence Names Top Industry Leaders to Board of Directors.Thomas H. O'Brien and Dr. Michael D. Zisman Accept Board Positions PITTSBURGH -- Confluence, a leader in automated data management solutions for the global investment management industry, announced today that it has named Thomas H. O'Brien and Dr. Michael D. Zisman to its Board of Directors. Mr. O'Brien is a former Chief Executive Officer and Chairman of The PNC Financial Services PNC Financial Services (NYSE: PNC) is a U.S.-based financial services corporation, with assets of $92.0 billion. PNC operations include a regional banking franchise operating primarily in eight states and the District of Columbia, specialized financial businesses serving Group, Inc. Dr. Zisman is a former Vice President of Corporate Strategy with IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) . "We are pleased that Thomas O'Brien and Michael Zisman have accepted our invitation to join our board, and we look forward to their participation and guidance," said Mark Evans, Confluence's President and Chief Executive Officer. "Their deep leadership experience in financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. and technology, respectively, will benefit our customers as we continue to help the global investment management industry improve efficiency and service through automation." "Confluence is an important partner to financial services companies addressing the new reporting requirements that accompany increased regulation. The firm's strong market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" , understanding of all facets of fund administration, and worldwide presence position the company for continued growth," said Mr. O'Brien. "Confluence has established an impressive technological infrastructure to meet investment management companies' critical fund administration needs," said Dr. Zisman. "The company's commitment to innovation and operational excellence afford Confluence the scalability to grow to meet the increasing demands of the global investment industry." Thomas O'Brien held several leadership roles with The PNC Financial Services Group, one of the largest diversified financial The diversified financial services segment includes a range of consumer and commercially-oriented companies offering a wide variety of products and services, including various lending products (such as home equity loans and credit cards), insurance, and securities and investment services companies in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . He was elected President and Chief Executive Officer in 1985, and retired as the Chief Executive Officer of PNC PNC Purdue University North Central (Westville, Indiana) PnC Point 'n Click PNC Police National Computer PNC People's National Congress (Guyana) PNC People's National Congress in May 2000. He was also named Chairman in 1988, retiring in May 2001. Before leading The PNC Financial Services Group, Mr. O'Brien was Chairman and Chief Executive Officer of PNC's Pittsburgh National Bank. In addition to serving on the Confluence board, he is a member of the boards of BlackRock, Inc., Verizon Communications, and Hilb Rogal & Hobbs Co. Dr. Zisman spent nine years at IBM, joining the company in 1995 when IBM acquired Lotus Development Corporation (company) Lotus Development Corporation - A software company who produced Lotus 1-2-3, the Symphony spreadsheet and Lotus Notes for the IBM PC. Disliked by the League for Programming Freedom on account of their lawsuits. Quarterly sales $224M, profits $10M (Aug 1994). . Before retiring from IBM in 2004, he was Vice President of Corporate Strategy. Previously, he was General Manager of Storage Software for the IBM Storage Systems Group, as well as Vice President of Emerging Business Development. Prior to that, Dr. Zisman served as CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Lotus Development Corporation, shortly after Lotus was acquired. Before joining IBM, Dr. Zisman was Senior Vice President of the Lotus Communications Products Group. He joined Lotus in 1994 after the Company's acquisition of Soft-Switch, Inc., a software firm he founded in 1979 and headed until that acquisition. He is currently Chairman of the Board of Directors of ICG ICG indocyanine green. Commerce, and a board member of Metastorm, Vcommerce, Dataupia, and CashEdge, as well as Confluence. About Confluence Founded in 1991, Confluence is the global investment management industry's leading provider of automated data management solutions. Confluence helps investment management companies gain unprecedented control by automating every step of the fund administration process--including the collection, creation, confirmation, and delivery of investment product data while maintaining control of the process. Results are lower costs, reduced risk, decreased reporting turnaround times, and the scalability to automate more processes without additional resources. Confluence's solutions are used by 40 percent of the leading global investment managers, and more than 60 percent of U.S. mutual funds. Unity[TM], the Confluence platform, addresses a wide range of problems from performance measurement to customized reporting for a full array of domestic and international managed investment products, including mutual funds, funds of funds, collective funds, separate accounts, and variable products, as well as hedge funds and other alternative investments. Major fund companies such as Evergreen and Merrill Lynch and service providers like JP Morgan, PFPC PFPC Professional Financial Planning Course (Canadian Securities Institute) and Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. rely on Confluence. Confluence, headquartered in Pittsburgh, PA, serves the international fund industry with key locations in London and Luxembourg. For more information, visit www.confluence.com or email info@confluence.com. |
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