Pirum Systems

Pirum Systems was founded in June 2000 with the objective of providing advanced, centralised and secure services for financial market participants, utilising Internet technologies and the ASP (Application Service Provider) delivery model.

Pirum provides a secure processing hub which seamlessly links market participants together, allowing them to electronically process and verify key transaction details.

Financial Institutions from around the world have responded to Pirum's creative approach by joining the secure on-line community. They have increased processing efficiency, reduced operational risk and improved profitability by using Pirum's services to reducing manual processing.

By combining an in-depth understanding of both the Securities Finance industry and IT, Pirum has created a set of highly innovative and flexible services which are tailored to fully support the complexities of the underlying business processes.

Integration with Pirum's services could not be easier. Data feeds are accepted in virtually any format, facilitating the re-use of existing data extracts. This flexibility results in a fast, straightforward and low cost implementation.

No additional hardware, software or proprietary network connections are required. Pirum servers perform all the necessary data processing and user access is provided via secure web pages over the Internet.

The Founders

Rupert Perry: Chief Executive Officer

Rupert is a founding director of Pirum Systems Limited. Rupert spent 6 years at UBS Warburg, working principally on securities finance related projects in IT. In his most recent UBS role, he was IT Project Manager responsible for UBS Warburg's globally replicated collateral trading database infrastructure. Rupert also spent several years working on Warburg's CREST development team as lead business analyst and is the author of UBS Warburg's market renowned CREST simulator. Rupert is a qualified Chartered Accountant (with Ernst & Young) and holds a computer science degree from Durham University.

Jeff Armstrong: Chief Technology Officer

Prior to co-founding Pirum Systems Limited, Jeff spent 9 years working in IT developing and managing a variety of systems for use in the financial markets. Jeff worked at UBS Warburg as a senior IT project manager, with additional regional management responsibilities for collateral trading production systems. In 1999, he was posted on international assignment to Zurich, to head-up development of a key new system for allocating securities lending income to UBS pool lending customers. Additional roles at UBS Warburg included IT project management of Swiskey NT, an exchange traded derivatives client communication portal. Before joining UBS Warburg, Jeff worked for Lehman Brothers on a variety of securities lending systems including the development of LEBROL, for prime brokerage client communication.