ULTUMUS, the leading global provider of data creation, management and distribution services for index and ETF products, today announced the hire of industry veteran Femi Orangun to its team of index and ETF specialists.

Femi has joined the ULTUMUS team as a Solutions Architect, to assist in the development of their data platform and production of advanced tooling in conjunction with the recent alliance between ULTUMUS and Velox Financial Technology. 

Femi joins from DeltaOne Solutions, part of IHS Markit and has spent over fifteen years as a primary architect of benchmark feed platforms, being intrinsic in the design of the Markit XML feed and the DeltaOne SOLA application. He brings an unparalleled level of knowledge and experience to ULTUMUS and its rapidly growing business.

ULTUMUS focus on the index and ETF sectors and sees considerable opportunity where existing vendors have not updated their platforms and products meaning clients are keen to exploit new and proven technology in their business with the aim of improving data quality visibility and timeliness.

Bernie Thurston, CEO, commented: "Femi joining ULTUMUS is a key hire for the business and a firm commitment to bring the most experienced people on-board for further developing our index and ETF data, meaning that we are the “go to” company for anybody who needs timely or accurate benchmark data.  He is a veteran in the sector and his experience and vision will be key to the team as we continue to grow and develop the business in this exciting and fast moving sector.”

Femi Orangun, commented: “When I was looking for my next challenge, it was important that I joined a firm that had a vision and strategy with technology at its core, keen on driving change and was attuned to client needs.  I found that with ULTUMUS.  The role not only provides the opportunity to work with some of most experienced and talented individuals in the domain, but also to work on the best and most modern data architecture, free from the legacy dependencies of other providers in the sector. This ultimately allows us to reliably deliver the solutions clients demand and evolve with their needs.”

The ULTUMUS teams span technology, product management and business development across key regional centres in London and Singapore and have a strong track record in the index and ETF space servicing clients globally. ULTUMUS were the first to deliver data as a service leveraging Amazon Web Services (AWS) to deliver quality, timely and accurate global index and ETF data across all asset classes in a single format, validated and customized 24 hours a day.