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Press Release

TruSight Appoints Jonathan Pressman as CEO

New York, NY—August 27, 2020— TruSight, the financial industry’s leading third-party risk utility, today announced the appointment of Jonathan Pressman as its CEO. Pressman’s appointment comes at a pivotal moment for the company, which has been rapidly expanding in the third-party risk space as key suppliers to the financial services industry have embraced TruSight’s methodology and participated in its risk assessment process.

“This is an exciting and important time for TruSight, as the hard work they have invested in developing the product is paying off,” said Taryn Thompson, chief procurement officer of Bank of America. “The industry is embracing the TruSight standard, the assessment portfolio is growing, and suppliers and financial institutions are realizing the significant benefits that accrue from adopting the TruSight methodology. Jonathan has played a key part in TruSight’s success, and we are confident that under his leadership, the company will continue its rapid growth trajectory.”

Pressman has been a member of TruSight’s executive team since 2018, previously serving as global head of business development. He brings more than two decades of experience in the financial services industry, with a focus on technology solutions in risk and compliance. Prior to joining TruSight as global head of business development, Pressman spent over eight years with IHS Markit (NYSE:INFO) in senior sales roles. Jonathan began his career at a national privately held wealth management firm where he served as a managing principal for over a decade.

“I am honored to lead our exceptional team here at TruSight as we continue to scale to meet the industry’s evolving needs,” said Jonathan Pressman, TruSight CEO. “2020 has been a transformative year for TruSight, and we look forward to building on our momentum to help the market achieve higher standards and greater transparency.”

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, Bank of America, Bank of New York Mellon, JPMorgan Chase, and Wells Fargo, TruSight combines best practices and standardization to execute comprehensive risk assessments once and deliver to many over a secure, shared-services platform—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 Kay Kelly
SVM Public Relations

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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