Thriving at the Pace of Change: CEO Andrew Robson Shares Recent Verity Highlights

Verity CEO Andrew Robson offers a glimpse into recent and ongoing efforts as we continue to help our expanding global customer base adapt and thrive in the face of change.

Andrew Robson, Verity CEO
June 24, 2024

I am excited to connect with you and share some of the remarkable progress we’ve made at Verity. With over 370 customers, spanning users in more than 30 countries and managing over $10 trillion in assets, we have been privileged to work with a diverse array of firms, from emerging hedge funds to global multi-asset managers.

As the industry evolves, we have adapted alongside you, providing solutions that meet the dynamic demands of the market. Our commitment to improving our core products, VerityRMS and VerityData, remains unwavering. I am thrilled to highlight a few key initiatives that showcase our dedication to innovation and customer success.

Incorporating AI Into Research Workflows

As the GenAI frenzy took hold globally, we at Verity have sought smart, sensible, and secure ways to incorporate cutting-edge capabilities into research workflows.

What began as a skunkworks project in early 2023 has evolved into pioneering features across our VerityData and VerityRMS products. For example, our VerityData financial analysts have engineered Earnings Call Insight Reports, providing analysts and portfolio managers with a highly efficient and differentiated view into company 10-K and 10-Q filings. Feedback from our customers indicates that these reports outperform other available options.

Moreover, VerityData now offers data feeds for firm’s LLMs and investment models that deliver clean, structured, and historical datasets. They have been highly valued by both quant and quantamental firms for alpha generation and risk management.

Scaling Fixed Income Research Processes & Tools

The growing diversification among asset managers and the popularity of credit markets have highlighted the need for improved management, scaling, and automation of research. Our product teams have designed solutions to meet this rising demand, including research management software that accommodates complex issuer hierarchies. We recognize that credit research has been underserved, and we are committed to changing that landscape with our innovative approaches.

Solving the Rising Difficulty of ESG Engagement Tracking & Reporting

As regulatory demands and asset owner expectations for granular ESG engagement reporting have increased, many firms have faced challenges in demonstrating their efforts.

The Head of Stewardship at Federated Hermes aptly noted during a recent ESG engagement webinar, “You need a lot of resources. It is an industry-wide challenge.” In response, we developed VerityESG, leading the way with tools, systems, and processes that streamline, integrate, and automate ESG engagement tracking and reporting.

Bottom Line

I am immensely proud of what we have achieved for our customers and am excited about the future. The dedication and innovation of our global team members continue to impress me as they work together, support each other, and solve complex problems.

Thank you for your continued trust in Verity. We look forward to continuing to support your success and drive the industry forward.

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