Clearwater Analytics, an SaaS solution for automated investment data aggregation, accounting, reporting, and reconciliation, has announced the appointment of Kathleen Corbet to its board of directors.
Currently a board member at MassMutual Financial Group, Waveny LifeCare Network, and BlackRock TCP Capital, she is also the founder of venture capital and management consulting firm Cross Ridge Capital.
Previously, Corbet has acted as president at Standard and Poor’s, CEO of alliance fixed income at AllianceBernstein, and executive VP at Equitable Capital Management.
Corbet said she was “honored” to join the board of the firm that reports on over $5.5tn in assets for clients each day.
She added: “I believe the company has a tremendous opportunity to grow and serve the needs of financial institutions worldwide.
“I am honored to join the Clearwater board and look forward to being a part of a dynamic organization that is driving the future of SaaS fintech.”
The news comes as Clearwater has won a contract to provide its accounting and reporting services for Ballast Equity Management.
Scott Erickson, COO at Clearwater, said: “Ballast Equity Management has an impressive track record, to the great benefit of their clientele. We are excited to pair those abilities with our own unique proficiency: an industry-best accounting and reporting solution.
“Ballast can continue to do what they do best, and Clearwater will ensure their operations infrastructure is efficient, scalable, and cutting-edge.”