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Press Release

John Shay Joins TruSight’s Board

New York, NY—February 8, 2021— TruSight, the financial industry’s leading provider of third-party risk data, today announced that John Shay, the chairman of AcadiaSoft, will join the TruSight Board of Directors. He joins a slate of other financial industry luminaries who have served on TruSight’s Board since the founding of the company in 2017.

“We are pleased to welcome John to the TruSight Board of Directors,” said TruSight CEO Jonathan Pressman. “His experience and expertise in regulatory issues, combined with his industry knowledge and connections, will be a tremendous asset to TruSight as we enter the next phase of our growth and expansion.”

Shay is an experienced executive leader with a history of working in the financial services industry. He is a managing partner at Capital MarketServices, Inc., a wholly owned clearing and execution services business designed to improve market access for the non-bank community in the over-the-counter and exchange-traded markets. Shay also serves as senior advisor at Virtu Financial, where he provides counsel on all FICC-related issues.

“I am excited to join the TruSight team at such an important time in the company’s evolution,” said Shay. “The traction that TruSight has gained in the market is impressive, and I look forward to working with them to expand their footprint.”

Earlier in his career, Shay was senior vice president and global head of fixed income and commodities at Nasdaq. He has also served as an advisor to the U.S. Treasury, CFTC, SEC, FED and Bank of England. Shay was formerly a member of the Treasury Borrowing Advisory Committee (TBAC), TMPG, FXPA and a Board Member of LCH Group. Shay holds an M.B.A. from Columbia Business School and a B.B.A. from Pace University’s Lubin School of Business.

“TruSight is transforming third-party risk management for financial services companies with its innovative platform,” said Cristina Kim, managing director of strategic investments at JPMorgan Chase. “The addition of John Shay to the Board will help TruSight bring more rigor and efficiency to the risk assessment and management process.”


About TruSight

TruSight is the industry’s leading third-party risk management (TPRM) utility platform, facilitating efficient and cost-effective collection of accurate third-party risk data. Created and backed by five of the largest global financial institutions, including American Express (NYSE: AXP), Bank of America (NYSE: BAC), Bank of New York Mellon (NYSE: BK), JPMorgan Chase (NYSE: JPM) and Wells Fargo (NYSE: WFC), TruSight combines best practices and standardization to execute comprehensive risk assessments once and deliver to many—enabling financial institutions to gain greater visibility into potential risks and manage third-party relationships more efficiently and effectively.

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For more information, contact:
Laura Nelson or Sage Morander
SVM Public Relations
401.490.9700
laura.nelson@svmpr.com
sage.morander@svmpr.com

svgImg Coronavirus Statement

Coronavirus Statement

Our highest priority at TruSight Solutions is to maintain health and safety, and we are closely monitoring the global situation regarding the spread of coronavirus (COVID-19.) At the same time, we remain steadfast in our commitment to deliver assessment products of the highest quality for our customers and assessed parties. In light of these dual goals, this statement addresses precautions and strategies that TruSight is implementing with respect to on-site assessments and the assessors who conduct these facility visits.

Assessors who have been assigned to conduct on-site assessments have attested that they have not traveled in the past 30 days to a country with a Level 2 or Level 3 designation from the U.S. Centers for Disease Control and Prevention. (A Level 2 alert is for enhanced precautions, and a Level 3 warning is to avoid non-essential travel.)

Upon request, each individual assigned assessor will confirm this assurance in writing via email.

Any assessor currently conducting an assessment in an affected country is bound by the country’s domestic regulations and will remain in that country as long as required.

Assessors have been instructed to escalate any personal travel concerns to their manager. Individual concerns will be respected and assignments adjusted accordingly.

For reasons of health and safety, there could be a delay in conducting an assessment and/or delivering a product where a country is prohibiting travel or otherwise inhibiting movement that is necessary for such assessment. In this event, we will inform impacted vendors and customers as soon as we become aware of the situation. We may also propose performing a remote assessment in lieu of an on-site assessment and making adjustments accordingly.

As the coronavirus situation quickly evolves, TruSight is closely following developments from the World Health Organization, U.S. Centers for Disease Control and Prevention, and other domestic and international bodies. If you have questions or concerns, please reach out directly to your TruSight contacts.

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