RSRCHXchange has added research veterans to its board a week after an initial round of fundraising from a unit of data giant NEX. The platform was created to allow fund managers and asset managers to exchange data as looming Mifid II regulations force the unbundling of banks' research activities. It enables asset managers to use, purchase and monitor research, while tracking firm-wide consumption. "We are excited about this new addition to our team that will help us continue to provide investors with access to high-quality research," said Mike McShane, CEO at RSRCHXchange.
RSRCHXchange has added research veterans to its board a week after an initial round of fundraising from a unit of data giant NEX. The platform was created to allow fund managers and asset managers to exchange data as looming Mifid II regulations force the unbundling of banks' research activities. It enables asset managers to use, purchase and monitor research, while tracking firm-wide consumption. The appointments are Adam Toms, CEO of agency broker Instinet Europe, Don Guiney, senior capital markets partner at Freshfields, Michael McFadgen, managing director at Euclid Opportunities and Alan MacDonald, former head of international equity research at Nomura and head of global research at UBS.