Thomas Murray - Independent perspective since 1994

Independent perspective since 1994

Thomas Murray - About Us

About Us

Thomas Murray helps our clients to achieve better compliance and risk management through its three divisions:

  • Data, Monitoring & Analytics captures, processes and analyses intra-day data from banks, financial market infrastructures and capital markets, as well as providing advisory services. Clients include custodian banks, cash banks and institutional investors.

  • Regulatory Solutions supports financial institutions exposed to European fund regulation such as AIFMD and UCITS V to mitigate their market and counterparty risk exposure. Clients include depositary banks, management companies, fund platforms and fund managers.

  • Technologies provides data management technology to major financial institutions to facilitate counterparty monitoring and risk management.

We are a team of c.100 analysts, consultants and technologists, based in London with a presence in the US, Canada, Colombia, Hong Kong and Australia. Thomas Murray people come from a variety of backgrounds, including rating agencies, investment banks, custodian banks, accounting firms, broker dealers and, of course, our graduates.

We are always looking for talented people to join our growing team and invite speculative applications from professionals and graduates alike.

Our Management Team
Simon Thomas
Simon Thomas
Co-Founder & Executive Chairman
Ross Whitehill
Ross Whitehill
Chief Executive Officer
Jim Micklethwaite
Jim Micklethwaite
Head of Operations
Ana Giraldo
Ana Giraldo
Chief Risk Officer
Derek Duggan
Derek Duggan
Head of Sales
David Dickinson
David Dickinson
Head of Client Relationship Management
Stephen Merry
Stephen Merry
Head of Advisory & Analytics
Andrew Wright
Andrew Wright
Chief Administrative Officer
Albert Kwok
Albert Kwok
Head of Technology Operations
Espen Hennig-Olsen
Espen Hennig-Olsen
Chief Marketing Officer
Luis Carlos Nino
Luis Carlos Nino
Director, Analytics
Thomas Murray is an independent company, controlled by its founders and employees.

1994

THOMAS MURRAY FOUNDED

Building on the expertise of founders Simon Thomas and Simon Murray, the firm publishes the definitive book on the industry, ‘Global Securities Services – the Institutional Investors’ Guide’ and begins gathering market data and advising clients on global custodian selection.

1995

SECURITIES MARKET INFORMATION PROFILES

The firm’s Securities Market Information Profiles begin life as paper publications covering all major investable markets with a consistent data template.

1997

LAUNCH OF SUB-CUSTODIAN MONITORING

Thomas Murray develops its sub-custodian risk assessment methodologies and processes, well in advance of regulation, while monitoring sub-custodians on behalf of Bank of Bermuda; the service eventually grows into the Sub-Custodian Risk Assessment product with 180 assessments by 2002 and over 360 assessed entities today

2000

FINANCIAL MARKET INFRASTRUCTURE RISK ASSESSMENTS DEVELOPED

Responding to the extended interpretation of Rule 17f-7 of the US Investment Company Act of 1940 and global custodians’ demand for risk assessments to pass to clients, the firm collaborates with industry to enhance its risk classifications and assessment methodologies covering central securities depositories and capital market infrastructures.

2001

TECHNOLOGY PLATFORMS BUILT

Thomas Murray deploys the first generation of its proprietary data management and workflow applications MarketFlow and SupplierSelect for Financial Services, enhancing its ability to gather information and provide consistent analysis and monitoring of markets and financial institutions on a global scale.

2003

FIRST PUBLIC GLOBAL CUSTODIAN & SUB-CUSTODIAN RISK ASSESSMENTS PUBLISHED

The firm begins publishing detailed public assessments of custody providers where it has been commissioned by an assessed entity to demonstrate its capabilities.

2004

GLOBAL CUSTODIAN MONITORING SERVICE ESTABLISHED

The Custodian Monitoring suite of services encompasses fee benchmarking, foreign exchange transaction cost analysis, operational performance benchmarking, and reviews to ensure that contractual terms are in line with current best market practice.

2005

THOMAS MURRAY’S PROPRIETARY SOFTWARE LICENSED FOR INDEPENDENT CLIENT USE

Bank and institutional investor clients start to adopt Thomas Murray’s proprietary software tools as white labelled web applications, recognising their fit and customisability for their own information management and risk assessment processes.

2012

CASH MANAGEMENT SERVICES

Replicating its success with securities services, Thomas Murray works with old and new clients to roll out Cash & Treasury Market Profiles and Cash Correspondent Monitoring services.

2013

CENTRAL COUNTERPARTY RISK ASSESSMENTS LAUNCHED

Central Counterparty risk assessments launched. Thomas Murray extends its risk assessments to the coverage of Central Counterparties, responding to the European Market Infrastructure Regulation and requirements for central clearing of trades.

2014

PRIME BROKER AND TRANSFER AGENT ASSESSMENTS INTRODUCED

The firm begins risk assessments and monitoring of prime brokers and transfer agents to address requirements from the Alternative Investment Fund Managers Directive and Undertakings for Collective Investment in Transferable Securities V Directive for depositary banks to assume liability for downstream risks.

2016

WRAPPED SOLUTION FOR DEPOSITARY BANKS INTRODUCED

Thomas Murray introduces its wrapped solution to address the risk monitoring needs of depositary banks, covering the assessment of global and sub-custodians, prime brokers, market asset safety risk, and transfer agents.

2017

POST-TRADE RISK ANALYTICS DASHBOARDS RELEASED

Thomas Murray’s detailed post-trade risk assessments are applied for the first time directly to clients’ portfolios and trading volumes through interactive visual analytics dashboards, enabling them to quantify their post-trade risk exposures.

2019

25TH ANNIVERSARY AND LAUNCH OF ENHANCED CASH CORRESPONDENT MONITORING SERVICE

Thomas Murray celebrates 25 years of expertise at the heart of the post-trade capital markets sector and applies its counterparty monitoring expertise to an expanded Cash Correspondent risk assessment and monitoring service. This managed service is based on a methodology and assessment questionnaire developed in partnership with industry leaders. It combines the risk assessment of snapshot representations from banks with Thomas Murray’s ongoing news monitoring and report updates.