Information Mosaic’s Bermingham to Participate in ISO Coexistence Webinar

New York - 3 June 2013

Gerard Bermingham, of Information Mosaic, the world’s most trusted post-trade software company, will participate in the upcoming webinar on ISO Coexistence on June 12th. Bermingham, Information Mosaic’s Senior Vice President of Business Strategy, will participate in the webinar alongside Malene McMahon, Senior Business Manager at SWIFT, and Justin Chapman, Global Head of Process Management at The Northern Trust Corporation. The webinar is being moderated by Tim Lind, Head of Middle Office, at Thomson Reuters.

The webinar is based on the findings of a global survey conducted by the International Securities Association for Institutional Trade Communication (ISITC), the financial industry trade group focused on best market practices and standards. The survey, which was developed by ISITC’s Corporate Actions Working Group, solicited responses from financial industry participants from around the world on the issue of adopting ISO standards for corporate actions automation.

Kevin Cullen, ISITC Board Member and Co-Executive Sponsor of the Corporate Actions Working Group, commented, “The survey examines a critical issue in the industry today and can help in setting the direction and future of the ISO standard. In summary: should ISO 15022 be sunset in favor of ISO 20022 or should both standards coexist indefinitely? The decision will have a large impact on all participants in the trade cycle. These firms are well represented in the webinar through the participation of one of the largest global custodians, the major market infrastructure organization, and the premier provider of post-trade solutions.”

Tim Lind added, “The debate between coexistence and a forced migration contains strong arguments on both sides. The intention of the survey was to gauge opinion on a global basis, across national market practice groups and constituency types. That consensus can drive the direction of adoption. Given this group of senior industry executives from these specific firms, this should prove to be a very compelling and interesting panel and I look forward to moderating it.”

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