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Deutsche Bank Market Data Chief Joins DataContent

DataContent has achieved a coup in its appointment of Steve Allen as Director and global head of business development. He will be primarily responsible for the expansion of DataContent's client list within the Investment & Retail Banking sectors.

Steve Allen spent 20 years at Bankers Trust Co. and Deutsche Bank AG, where his last position was Director and Global Head of Market Data.

Rafah Hanna, Managing Director of DataContent, says "With demand for our services so strong, Steve's important addition to the DataContent team sends a clear message to our clients and prospects as to the quality of our services. The combination of Steve's appointment strengthens the platform from which we can offer superior market data management advice and high level services to institutional, corporate and retail providers and user clients."

Steve Allen will report to Rafah Hanna, DataContent's Managing Director.

DataContent's expertise is in the field of market data management including the development of customised content strategies, content products, data contracts and the execution of expense management initiatives for financial institutions. Their aim is to help providers and users optimally manage their market data requirements, thereby meeting their business objectives of improving service, whilst reducing costs.

Steve Allen says, "DataContent has developed a unique business model, which is synergistic with today's rapidly changing market place. Their ability to provide value-added services at marginal cost is leading the industry to seriously re-evaluate its market data expense base and how it is managed."