Thomas Obermaier, Former Citigroup Executive, Named CEO of Regulatory DataCorp

NEW YORK--(BUSINESS WIRE)--The Board of Directors of Regulatory DataCorp, a global leader in risk diligence, today announced that the Company’s President, Thomas M. Obermaier, 47, has been named Chief Executive Officer, effective today. Mr. Obermaier also joins the RDC Board.

Mr. Obermaier is the former chief risk officer at Citigroup’s Global Transaction Services (GTS) and a widely respected risk management expert. Jeff Schwartz, Managing Director of Bain Capital Ventures and a member of the Company’s Board, said, “We are extremely fortunate to have Tom Obermaier leading RDC. With extraordinary management experience in risk diligence, a global profile as an expert in anti-money laundering policies and practices and a track record of having built and grown several risk-related businesses, Tom is uniquely qualified as Chief Executive Officer of RDC. The Board is thrilled to have an industry insider providing unparalleled value for our clients and driving growth.”

At Citigroup, Mr. Obermaier oversaw all risk management practices for the GTS division, the firm’s fastest growing business. He was a member of the GTS Management Committee and oversaw a nearly 10-fold increase in revenue over five years. Prior to Citigroup, he was the chief risk officer for Deutsche Bank’s Global Transaction Bank and earlier served as global head of anti-money laundering compliance at Bankers Trust Company. He is also a founding member of The Wolfsberg Group, an influential group of global risk and compliance experts that established widely recognized international regulatory standards. He also practiced law at Skadden Arps as a criminal defense lawyer specializing in white collar crime.

Commenting on his appointment Mr. Obermaier said, “I am privileged and excited to be leading this global powerhouse. With the largest and most flexible risk diligence database in the world and a widely respected team of risk management and due diligence experts, it’s no surprise that RDC is rapidly becoming the risk diligence provider of choice for financial institutions, government organizations and corporations worldwide. I am certain that RDC will delight its customers as we set the bar increasingly higher for ourselves and for our industry.”

Mark Parsells, immediate past CEO of RDC and a well-regarded corporate turnaround executive, will continue to serve RDC by remaining on the Company’s Board. Commenting on Mr. Obermaier’s appointment Mr. Parsells said, “I am pleased that Tom has agreed to assume the CEO responsibilities. He has done an outstanding job repositioning the Company for substantial growth since I brought him in as president earlier this year. I look forward to the Company’s next phase, now that its turnaround under my stewardship is complete.”

Mr. Obermaier said, “Mark Parsells’ unbridled leadership and passion singlehandedly turned RDC around and positioned it for substantial growth. His tireless efforts have built a global platform that is the envy of the industry. All our clients and employees owe him a substantial debt of gratitude. We look forward to Mark’s continuing service as a Board member.”

About Regulatory DataCorp
Regulatory DataCorp (www.rdc.com), the trusted leader in risk diligence, was founded by 20 of the world’s leading financial institutions to develop best-in-class regulatory, financial and reputational risk management products. RDC’s data aggregation, product development and technology deliver continuous information management for enhanced due diligence capabilities for a wide range of clients worldwide. With the world’s largest open source risk-relevant database, RDC provides unparalleled support for regulatory compliance, reputation management, cost effective loss prevention/mitigation and informed regulatory reporting. For more information, visit www.rdc.com.

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