SteelEye Names Friend as COO

SteelEye, the compliance technology and data analytics firm, has appointed Rob Friend as chief operating officer, effective immediately. Following Friend’s appointment SteelEye’s co-founder, David Haines will resume the role of chief technology officer.

The firm says that Friend’s 24 years of financial services experience will be instrumental in scaling its business operations as it prepares to support increasing global demand for holistic, data-centric compliance solutions.

Since its launch in October 2017, SteelEye has gained more than 70 clients and now has a team of 50 serving clientele across seven countries. As the company plans for expansion into North America and Asia Pacific, and a Series-B fundraise to support further growth, Friend joins to scale the firm’s operations – optimising internal workflows, client integration, and customer engagement and support.

Prior to joining SteelEye, Friend spent 12 years at Bloomberg, most recently as global head of enterprise product implementation & quality assurance, where he played a key role in devising the product strategy and ‘go-to market’ process for Bloomberg’s MIFID II solutions. He was also instrumental in the deployment of a major software change for the Bloomberg/Barclays Point acquisition and implemented a significant cultural and organisational change as chief risk officer for Bloomberg MTF, as MiFID II took effect. In earlier roles at Bank of America, Goldman Sachs and JP Morgan, Friend gained experience in the major asset markets, both cash and derivatives.

“As we continue our growth trajectory, Rob will be instrumental in ensuring our internal operations platform can support our fast pace of growth,” says Matt Smith, CEO of SteelEye. “His experience scaling global businesses will be valuable as we prepare to expand our operations into new jurisdictions.”

Friend adds, “[This is a] time of great opportunity for the company and for the RegTech industry, a sector which is projected to be worth over $55 billion by 2025. I have been watching SteelEye’s progress since its inception some three years ago and am impressed by the company’s strong momentum. I look forward to working with Matt and the SteelEye team to help expand the business internationally and cement SteelEye’s position as the emerging market leader for compliance technology and data management.”

Colin Lambert

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