Witad Awards 2021: Exchange professional of the year—Diane Schmidt, LSEG
When Diane Schmidt joined the London Stock Exchange Group (LSEG) in June 2018, she was assigned the mammoth project of developing and executing a comprehensive data governance strategy. Within those short 32 months, as director of data governance, she has built out a global data governance team of nine people and established LSEG’s first Group Data Policy, which sets out global standards and guiding principles on how data should be managed across the firm. Her efforts required senior level discussions and buy-in from the top to convince the entire organization to rethink its approach to data. “Getting the policy signed off by the board and instantiating the standards that supported that policy was the beginning of the program,” she says.
The Group Data Policy was approved by LSEG’s executive committee in July 2020, and since then Schmidt has led the training of all group staff. As part of the education program, she set up an internal microsite, known as the group’s data governance center, where staff can access information, tools, and training resources. The new framework places data at the heart of all corporate decision-making and requires that all regulatory and commercial commitments on data completeness, timeliness and accuracy be met.
Schmidt has implemented new metrics tool, called a Policy and Standards Review, which serves as a series of checks and balances to ensure the data policy is accurately applied. Today, because of her efforts, the data governance team now holds a key role in the design, production, and adoption of LSEG technologies. “We have a seat at the table during the pre-design of change [or new solutions], to be able to invoke direction and guidance for projects to conform with our policy and standards,” she says.
In the third quarter of 2020, LSEG went live with Collibra, a data governance toolkit featuring business glossary and data catalogue functionality. The tool is used to input and track core metadata and data values for data lineage.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Buy-Side Technology Awards 2024 winner’s interview: Artificial Intelligence Risk
CEO of AI Risk discusses how its AIR-GPT platform earned the company Best buy-side AI platform or tool (compliance) at the BST awards
AFTAs 2024: Best AI/machine learning initiative—TCW Group
Project name: EU Securitization Regulatory & Compliance
AFTAs 2024: Best IT team—TCW Group
Project name: ETF Launch Project
Buy-Side Technology Awards 2024 winner’s interview: Kaizen
Kaizen won the Best market surveillance platform category in this year’s BST Awards, discussed in this video with Kaizen’s vice-president
AFTAs 2024: All the winners
Here are the winners of the 27 categories in the 2024 American Financial Technology Awards. This year's multi-category winners are JP Morgan Asset and Wealth Management, Morgan Stanley, TCW Group and Northern Trust.
AFTAs 2024: Best data management initiative—Bank of America
Project name: Enterprise DataConnect
Buy-Side Technology Awards 2024 winner’s interview: S&P Global Market Intelligence
S&P Global Market Intelligence won Best buy-side managed data service for the second consecutive year thanks to its iLEVEL Managed Data Services offering
SimCorp back to its winning ways
What separates SimCorp’s Ibor from similar offerings across the buy side, and its foundational role in the creation of the firm’s recently unveiled investment management platform, SimCorp One.