Stamford, CT (PRWEB) April 01, 2014
Lumesis Inc., a financial services software and data management firm providing business efficiencies and regulatory support for the municipal bond marketplace, announced that Peter (Pete) M. Newman has joined the firm as Managing Director, Business Development. Pete brings to Lumesis a wealth of municipal bond industry knowledge and more than 16 years of experience in the regulatory compliance, capital markets and sell side brokerage sectors.
“We are delighted to welcome Pete to the Lumesis team,” said Gregg L. Bienstock Esq. CEO and Co-Founder of Lumesis. “Pete brings a unique blend of municipal market experience, regulatory knowledge and software development as well as an entrepreneurial spirit that fits with the core of our business platform. Pete will focus on helping to sell our DIVER platform and contribute his ideas and knowledge to projects under development and to come.”
"Joining Lumesis gives me an exciting new opportunity to help securities firms better serve their clients in the rapidly changing municipal market. To remain competitive, these firms must continue to leverage leading edge software and technology tools specifically designed for the unique aspects of our industry and that solve their specific needs," said Newman. "Given the evolving regulatory and business environment, increasing efficiency, lowering costs and reducing compliance risk are critically important to these firms, just as the municipal bonds they structure and bring to market are vital to our national economy and infrastructure."
Most recently, Newman worked as Senior Vice President, Sales Manager at DPC DATA where he worked closely with many large tier, regional and online securities dealer firms. Newman’s professional background includes founding and serving as CEO of Gotham Software, a financial technology firm specializing in workflow and compliance solutions for the municipal market including DealTrack™ ECM software, the firm was acquired by Ipreo LLC. Prior to Gotham Software, Pete was a bond analyst and broker. He holds a Bachelor’s Degree in History from The College of Wooster.
To support the increasing demand for Lumesis’ products and services, the firm has also expanded the team by adding Dalia Valdajevaite as their Director of Marketing. Prior to joining Lumesis, Dalia was a Sales and Marketing Coordinator for OTR Global LLC where she ran the Marketing group and spearheaded the institutional corporate marketing initiative. She began her career at Morgan Stanley working with the equity sales and trading team. Dalia holds a Bachelor’s Degree in International Business from Iona College and an Art Degree from Princeton University.
“The addition of Pete and Dalia to the DIVER by Lumesis team expands our breadth of expertise in disciplines critical to serving the municipal market and our clients,” said Bienstock. “We are thrilled to add two additional exceptional team members.”
DIVER by Lumesis suite of solutions provide business efficiencies and regulatory support by focusing on the realities of the municipal marketplace: stale financials, fiscal uncertainty and infrequent ratings. Our solutions provide support for new and evolving time-of-trade, suitability and supervisory rules and regulatory needs. The DIVER suite also supports credit, sales and trading needs by eliminating time-consuming data gathering, providing analytical tools and by offering data feeds or custom data services.