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Commcise expands US business development team

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Commcise, a provider of integrated commission management, research evaluation and reporting solutions for investment management firms, has appointed Melissa Umans (pictured) as Director of Business Development in the firm’s New York Office. 

In this newly created role, Umans will focus on growing existing relationships and expanding the Commcise presence in the US.

Having previously worked at IHS Markit and Goldman Sachs, Umans brings significant expertise in Research Payment Account management, Commission Sharing Agreement aggregation, interaction management and broker evaluations.

Umans says: “I’m extremely pleased to join a team of highly skilled and talented individuals who understand the industry and how recent regulatory changes are reshaping the way buy-side and sell-side firms interact with one another.

“At Commcise, I am surrounded by industry specialists and forward thinkers, as well as expert technologists who have created best-in-class solutions to help firms meet their business and regulatory obligations across the research, interaction, evaluation and commission management space.”

Paul Charie, Global Head of Sales, Commcise, says: “We are excited to be adding to our team globally. Bringing a talent such as Melissa in to the organisation is an important part of our strategic plans for 2018.” He continued, “The North American market is very exciting for Commcise and with Melissa’s contacts and experience, we are very confident of continued client base expansion in the US and Canada this year.”

Umans says: “Since joining Commcise, one of the most pleasant surprises has been witnessing how flexible the system truly is in meeting the needs of a broad range of hedge funds and asset management firms – from smaller, single office firms to the largest, global asset managers managing several teams in multiple regions around the globe.”

Commcise provides an innovative, fully-integrated, cloud-based platform for tracking commissions used for funding research, recording research consumption and evaluating research services from providers. Commcise supports buy-sides, sell-sides and independent research providers in managing their business both locally and globally.

As a response to the recent European regulatory changes and the increased focus by asset owners on the costs and effectiveness of research, many US asset managers are deploying Commcise to implement industry best practice and gain competitive advantage.

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