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The latest information and insight


Sep 16 2020

The first 100 days

Pirum Systems’ new CEO Phil Morgan offers a peek behind the curtain of what he has been working on in 2020 and what can be expected in the coming months Read the full articles here


Sep 15 2020

Pirum appoints Karl Wyborn as Chief Commercial Officer

Pirum has further bolstered its senior management team Pirum is delighted to welcome Karl Wyborn to the team. Karl joins as Chief Commercial Officer, with responsibility for business development and marketing globally. This marks new CEO Phil Morgan’s second management team change in short order following the appointment of Jat Soomal as CFO two weeks […]


Aug 24 2020

Pirum Collateral Management and UMR

“Who controls the past controls the future; who controls the present controls the past,” George Orwell, 1984 While Orwell wrote the above as a warning about propaganda, it applies in many ways to the challenges of collateral management in the UMR world. As Head of Client Innovation at Pirum Systems I spend much of my time […]


Aug 17 2020

Do you have the right vehicle to get you to your destination?

Pirum Systems offers a practical guide to moving collateral in the fast lane and improving efficiency – Read our guide by Tonia Noschese, Business Development Manager


Aug 14 2020

Whitepaper – Securities Finance and CSDR: Don’t fail to deal with fails

With fails fines and the cost of managing these, we estimate the industry will be hot with significant extra costs, and despite the potential delays to implementation firms will benefit from a review of their fails management.  Here we explore the impacts of CSDR on firms and the causes of fails along with what can […]


Aug 7 2020

Coming to America…

By Nancy Steiker, North American Head of Business Development Securities finance technology firm Pirum has been supporting North American clients for many years. Pirum has built its name largely in Europe & Asia, but the London & more recently New York based entity is gaining momentum by helping North American firms navigate the increasingly complex […]


Jul 16 2020

Pirum to double US footprint under Morgan

Under the leadership of Philip Morgan, Pirum will look to “double the size” of its US footprint over the coming year as he highlighted the importance of the US and Canadian markets. In an interview with Global Investor, Morgan said: “We’re definitely looking to expand our geographical footprint. We’ve got a US office and, providing […]


Jul 8 2020

A message from the CEO

I am very pleased to announce, effective 10th August, Phil Morgan will take on the role of CEO at Pirum.  Having worked closely with Phil for almost 4 years I know him to be a talented, creative and driven individual who will provide great leadership and direction for Pirum to further support our clients and […]


Jun 15 2020

Wematch and Pirum Systems announce go-live with Bank of America on their integrated service on Securities Lending

Wematch and Pirum have partnered to develop a fully integrated front to back service solution for clients using the Wematch platform. The first end to end securities finance transactions were executed by Bank of America on 10th June and processed in a fully interoperable manner between the organisations. With this new partnership, clients can match […]


Jun 8 2020

Whitepaper – SFTR for Asset Managers: Dealing with the complexity in time

SFTR reporting requirements for asset managers, pension and insurance funds along with hedge funds, is due to start in October 2020.  There is a huge amount of complexity and risk involved in complying with the reporting requirements. In our whitepaper we give a regulatory update and look at what asset management firms need to do […]


May 14 2020

SFTR compliant clearing for Securities Lending

Ahead of the SFTR go-live Pirum enhance their CCP Gateway to allow the novation of reportable transactions, enabling clients to manage both real-time novation and the SFTR data required to remain compliant Pirum is pleased to announce the rollout of SFTR compliant novation processing for the Pirum CCP Gateway via Eurex Clearing. This has also […]


Apr 7 2020

COO Business Continuity Statement 6th April 2020

Good afternoon, Further to our previous communication on 17th March 2020, Raj and I wanted to send out an update on Pirum’s approach and activities over the last couple of weeks. On 19th March, the industry acknowledged the announcement from ESMA to delay Phase 1 of SFTR reporting from April 2020 to July 2020. Far […]


Mar 27 2020

CEO message on our response to COVID-19

March 2020 Further to our earlier communication on 6th March 2020 and in light of the escalating global situation, I felt it appropriate to send out an update for all clients. Our business priority as a service provider, is to ensure the wellbeing and safety our staff and clients as well as continued business support […]


Mar 19 2020

Update on Regulation Delay

SFTR Reporting 19 March 2020 IHS Markit and Pirum Systems acknowledge the 19th March announcement from ESMA to delay Phase 1 of SFTR reporting from April 2020 to July 2020. Together, we remain fully engaged with our clients and other market participants and will continue conducting end-to-end testing with each of the respective trade repositories. […]


Feb 27 2020

Pirum launches CSDR fails cost reporting and enhances SSI enrichment service

12 months ahead of impending go live of CSDR Regulation, Pirum Systems launches a new CSDR fails report, enabling clients to determine the impact of CSDR on their securities finance business and the associated costs.


Feb 17 2020

Pirum expands product strategy team with hire of new senior product manager

Pirum has further bolstered its product strategy team to meet the growth and demands seen across all areas of the business in the last year.


Feb 5 2020

Pirum Systems launches IM Instruct to help with OTC Derivatives UMR

Pirum Systems launches IM Instruct to automate the instruction of Initial Margin (IM) to Triparty agents and Third-party custodians under Uncleared Margin Rules (UMR). This helps firms trading OTC Derivatives to manage the network of collateral venues and different operating models for posting and collecting reg-IM collateral as volumes grow exponentially with UMR phases V and VI.


Jan 22 2020

Whitepaper – IM Instruction for UMR

Firms trading OTC Derivatives who are in scope for UMR need to manage the instruction of Initial Margin. As phases V & VI of UMR get ever closer, the number of IM instructions to Triparty agents and Third-party custodians will increase markedly from a few tens per day now, to potentially thousands by the end […]


Jan 7 2020

Pirum and IHS Markit are supporting the roll out of SFTR from phase 1 to phase 4 firms

ESMA have now published their final report and further guidance on SFTR and importantly have confirmed the go-live date as 11th April for the first phase of firms to report (with reporting starting on the following working day).  Pirum and IHS Markit’s SFTR service provides a comprehensive end to end solution for all SFT products, […]


Dec 9 2019

Marketing Manager

Pirum are recruiting for a Marketing manager to organise the delivery and execution of the Pirum marketing strategy. From website development to marketing activities and of course customer engagement. We are ideally looking for someone with an online marketing/ecommerce background as well as a strong copy writing experience. Pirum is a dynamic Financial Technology company […]