Pirum has appointed Mark Hale as the company’s new CEO, while former J.P. Morgan global head Ben Challice becomes president and chief strategy officer.
Current CEO Phil Morgan has decided to step down from his role after eight years at the firm, where he will now transition into a board role.
He has led the sustained growth and development of the business, underpinned by a number of product launches and the expansion of the business’ footprint in North America.
Based in New York, and set to be present in the firm’s London office on a regular basis, Hale will take over as CEO from October.
Hale joins Pirum from Visible Alpha, which he steered over the past four-and-a-half years, including through its acquisition by S&P Global Market Intelligence.
Prior to Visible Alpha, Hale enjoyed a 22-year career with FactSet in a number of different leadership roles, including as chief operating officer.
Also welcoming Challice to his new position, the firm says he will join the executive leadership team with his new titles and will serve on the Pirum board of directors.
Challice has been acting as advisor to the board and is well known to the firm, having previously served as chief operating officer, before returning to the sell side for seven years as global head of Trading Services for J.P. Morgan.
Commenting on the news, Hale says: “I would like to thank Phil for steering the firm in such a thoughtful manner over the last eight years. Pirum has a bright future, and Ben and I are excited to get started, collaborating with our first-class teams in New York and London, as well as our valued clients worldwide.”
Challice adds: “It is a great pleasure to rejoin Pirum at this exciting time in the company’s journey. Having previously acted as COO, it has been great following Pirum’s growth trajectory, successful product launches, and expanding global footprint.
“Phil's stewardship of the company has been exceptional, and I look forward to working with him again, as well as together with our new CEO, Mark, to deliver for our clients increased accuracy, speed, connectivity and insights across their businesses.”
Morgan comments: “The last eight years at Pirum have been hugely rewarding and I am proud of what we have achieved. Pirum is a wonderful business, with a best-in-class team and an extremely supportive client base, and I look forward to seeing Mark and Ben deliver great solutions in the future.”
Image: Mark Hale 