Industry Sector Classifications - What is the Standard in Today's Market?
Moderator: Tom Baldinger, Senior Data Specialist - Classification Data Team, Bloomberg LP Global Data
Paul D'Amico, Senior Standards Specialist, Office of Financial Research, U.S. Department of the Treasury
Christopher Geddis, CFA, Bloomberg
Jason Koulouras, Head of Data Connectivity, Bridgewater Associates
Shannon Nittler, Product Manager, Data Management Solutions Group, S&P Global
Industry sector classification are a widely used element of reference data. It is used across financial services for both internal, external and regulatory purposes. However, there are multiple types of classification systems in today's market both proprietary and public, each with their own methodology. With the absence of a standard for Industry Sector Classifications, is there confusion in the market with so many different classification options available? And what would the cost be by adopting a standard? This panel of SMEs will offer their input on the benefits & challenges reference data market participants are facing today.
Senior Data Specialist - Classification Data Team
Bloomberg LP Global Data
Tom Baldinger is an experienced professional focusing on product development & client interface. His key responsibilities include partnering with the sales and product teams to ensure the education, quality control, customer service and stakeholder management within the BICS & BCLASS classification business. Prior to joining Bloomberg L.P., Tom spent 8 years with CUSIP Global Services (CGS) as a Senior Product Manager and 6 years as a Product Manager with S&P's Security Evaluations and was an Account Manager with Moody's Content & Licensing team. Tom is a co-chair with the ISITC Vendor Working Group. Tom also owns an independent film company called 624 Productions LLC and produces and directs movies found on Amazon Prime.
Senior Standards Specialist, Office of Financial Research
U.S. Department of the Treasury
Paul D’Amico is a Senior Standards Specialist in the Data Strategy and Standards section of the U.S. Department of the Treasury’s Office of Financial Research (OFR). In this position, he analyzes, provides advice on, and participates in developing and implementing policies, strategies, and programs that contribute to meeting the OFR’s mission with respect to standards for financial data. He is a 25-year career specialist in financial regulation, supervision, compliance and enforcement, having served in analytical and policy positions with the Federal Deposit Insurance Corporation, NASD Regulation (now FINRA), the Federal Reserve Board, and Treasury’s Financial Crimes Enforcement Network (FinCEN).
Christopher Geddis, CFA, is a classifications specialist at Bloomberg LP. He has more than 20 years of experience in equity and fixed income products.
Head of Data Connectivity
Jason Koulouras is responsible for managing the Data and Liquidity Connectivity needs for the Trading group, and provides advisory services and acts as the real time data SME for Bridgewater Associates, a large hedge fund based in Connecticut.
Product Manager, Data Management Solutions Group
Shannon Nittler is a Product Manager within the Data Management Solutions Group at S&P Global. She is primarily responsible for the data feed products that include industry classification data.
This webinar is sponsored by OpenFIGI, powered by Bloomberg L.P.