Confluence, the global leader in asset management back-office data consolidation and automation, today announced that Todd Moyer has been promoted to Chief Operating Officer, a strategic role focused on ensuring operational excellence, optimizing revenue generation across North America and Europe and evaluating growth potential in adjacent geographic markets globally.
Moyer joined Confluence in 2012 as Senior Vice President of Global Sales. In 2014 he was promoted to Executive Vice President of Global Business Development, leading Confluence's global growth efforts as they relate to strategic market management and sales strategy and execution. Under his leadership, Confluence has consistently achieved year-over-year record breaking growth. He also provided strategic direction for extending the value of the Confluence platform, including the launch of the company's innovative RegTech platform for asset management which uniquely supports the entire reporting process for post-trade regulatory filings from one data-centric platform, eliminating the need to use multiple disparate systems.
In his role as COO, Moyer will provide strategic and operational direction globally, while continuing to focus on global expansion and ensuring operational accountability as the company delivers on its promises to clients as it extends the value of the Confluence platform. He will lead the company's operations functions as well as market-facing activities which include sales, account management and marketing.
"These are exciting times for our industry as the back office embraces digitalization as a key to competitive differentiation and operational efficiency. I am honored to lead Confluence's role in this transformation," said Todd Moyer, Chief Operating Officer. "We are fortunate to have an exceptionally strong base of client partners that have put their trust in Confluence as the market-leading platform for data consolidation and automation. Our amazing team is committed to their success through innovation and operational excellence."
As a 20-year financial services technology veteran, Moyer has extensive experience managing business relationships, developing strategic partnerships, generating revenue, leading operations organizations and driving revenue and profitability. Prior to joining Confluence, he served as Executive Vice President of SunGard's Wealth Management business, where he was responsible for sales strategy and the delivery of integrated wealth management solutions. During his time at SunGard, Moyer also held several management positions in the areas of product development, operations and client services.
"Todd has been instrumental in establishing key client partnerships and delivering record-breaking year-over-year revenue growth while leading a team of market strategists to establish Confluence as the leader in RegTech for asset management," CEO Mark Evans said. "Under his leadership as Chief Operating Officer I trust that he will deliver on our promises to our clients while continuing to focus on strategic growth opportunities and extending the value of Confluence as the single platform of choice across the industry."
As a global leader in data-driven solutions for efficiency and control, Confluence solves tough data management and automation challenges for the asset management industry, including performance reporting, regulatory reporting, investor communications and fund expense management. Confluencesolutions enable asset managers and third-party administrators to consolidate and leverage data across business operations, which results in lower costs, reduced risk, decreased reporting turnaround times and the scalability to automate more processes without additional resources. The platform features solutions to support a wide array of fund types – including mutual funds, ETFs, alternative investments, institutional portfolios and UCITS funds. Seven 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.