Pirum strengthens global management team with the addition of Challice in London and Hale in New York – with Morgan transitioning to board advisory role.

New York, NY, September 24, 2024 – Pirum, a trusted automation and connectivity partner for securities finance and collateral management, today announced the appointment of Mark Hale as Chief Executive Officer.

After eight successful years at Pirum, Phil Morgan has decided to transition from his current
role into an advisory position, from which he will continue to support the business.

Since joining, Morgan has led the sustained growth and development of the business,
underpinned by a number of innovative and market-leading new product launches and the
significant expansion of the business’ footprint in North America.

Mark Hale will join Pirum as Chief Executive Officer from October 2024. Mark will be based in
the New York office but will be present in the London Head Office on a regular basis.

Hale joins Pirum from Visible Alpha, which he steered over the past four-and-a-half years,
including through its acquisition by S&P Global Market Intelligence. Prior to Visible Alpha, Mark enjoyed a distinguished 22-year career with FactSet in a number of different leadership roles, including Chief Operating Officer.

Pirum also welcomes Ben Challice, who joins the executive leadership team as President and Chief Strategy Officer, also serving on the Pirum Board. Challice has been acting as advisor to the Board and is well known to the firm, having previously served as Chief Operating Officer, before returning to the sell-side for seven years as Global Head of Trading Services for JP Morgan.

Phil Morgan commented: “The last eight years at Pirum have been hugely rewarding and I am proud of what we have achieved. Pirum is a wonderful business, with a best-in-class team and an extremely supportive client base, and I look forward to seeing Mark and Ben deliver great solutions in the future.”

Ben Challice, President and Chief Strategy Officer, commented: “It is a great pleasure to rejoin Pirum at this exciting time in the company’s journey. Having previously acted as COO, it has been great following Pirum’s growth trajectory, successful product launches, and expanding global footprint. Phil's stewardship of the company has been exceptional, and I look forward to working with him again, as well as together with our new CEO, Mark, to deliver for our clients increased accuracy, speed, connectivity and insights across their businesses.”

Mark Hale, CEO, commented: “I am super excited to take the helm of Pirum, a leading
technology partner in securities finance and a company I have admired for some time. I would also like to thank Phil for steering the firm in such a thoughtful manner over the last eight years. Pirum has a bright future, and Ben and I are excited to get started, collaborating with our first-class teams in New York and London, as well as our valued clients worldwide.”

About Pirum

 Pirum was founded in 2000 with the objective of automating the securities finance and
collateral management industries. The Software as a Service (SaaS) platform has since
become the industry gold-standard, globally, for automation and connectivity solutions.
Today, the Pirum product suite, which uniquely covers pre- and post-trade as well as collateral management, is used and trusted by over 150 leading financial institutions around the world, covering both buy- and sell-side activities. Pirum delivers automation, operational efficiency, regulatory compliance, resilience, and reduced cost for its network of clients, who use Pirum’s solutions to connect, communicate, optimize and process their trades in global financial markets. By connecting market participants around the world, the Pirum dynamo sits at the heart of a complex multi-party financial markets eco-system, all the while increasing transparency and resilience, streamlining operations and fostering collaboration. www.pirum.com

Media contact

Markus Coleman

Director of Marketing

Markus.Coleman@pirum.com