XSP, the leading global provider of Corporate Actions processing software, announced today that Paul Fullam, Principal Consultant, has been appointed as a Co-Chair of the ISITC Corporate Actions Working Group. In this position, Fullam will collaborate with the group’s co-chairs and members to review ISO 15022 standards and direct enhancements to message content that promote the straight-through processing (STP) of Corporate Actions.
At XSP, Fullam is responsible for ensuring that the company’s flagship software product complies with global securities market practice group (SMPG) initiatives for best practices in Corporate Actions processing. He serves as a senior business relationship manager and liaison for the industry associations such as ISITC, SIFMA and SWIFT. He is also responsible for managing product implementations and integration within client environments for financial institutions all over the world.
Fullam has over ten years of Corporate Actions experience and extensive market knowledge of industry initiatives such as ISO and SMPG. Prior to joining XSP in 2000, he worked at Fidelity ActionsXchange, Investors Bank & Trust and John Hancock Funds. He has specialized experience in Global Corporate Actions, Tax Reclaims, Fixed Income, Security Master and Pricing.
Fullam has been an active participant of the ISITC Corporate Actions Working Group since 2005. During his ISITC experience, Fullam has fostered relationships with members of the association through the sharing of ideas and discussions on industry drivers that impact global financial institutions.
Brendan P. Farrell, Jr., Chief Executive Officer at XSP, said, “Paul’s background provides him with a deep understanding of ISO messaging and the business processes surrounding Corporate Actions. In addition, his role in managing product implementations and conducting business analyses gives him an appreciation of the needs of global financial institutions. We are pleased that Paul has been appointed a Co-Chair position of the ISITC Corporate Actions Working Group and are confident that this group will continue contributing to advocating standards that promote greater STP.”
Genevy Dimitrion, Chair of ISITC said, “ISITC welcomes members to actively participate and get more involved in efforts to enhance operational efficiencies in complex areas such as Corporate Actions. Paul’s experience and in-depth knowledge of this space are invaluable in our mission to develop and promote best market practices for the global securities industry. We appreciate XSP’s continued support of ISITC and are delighted to appoint Paul as a Co-Chair of the Corporate Actions Working Group.”
The mission of ISITC is to support global securities operations, to promote STP throughout the Industry, to recommend and endorse operating standards that will reduce risk and increase efficiency, and to use the combined expertise of its members to address developments within the industry.
