Solidatus hires former HSBC executive Lorraine Waters as its first CDO

As CDO of Solidatus, Waters will be responsible for leading the platform and engaging with the company’s community of key stakeholders, including current and future clients, regulators and strategic partners.

Waters will look to develop the product to meet stakeholder needs, market opportunities, and upcoming challenges, as well as taking the lead in convening a new Customer Advisory Board, and providing support in the areas of data privacy, ESG and financial crime risk management.

The arrival of Waters follows a seven-year tenure at HSBC, where she held multiple leadership roles, including chief data officer for global compliance, financial crime and regulatory compliance, group head of data governance, and deputy group CDO.

During her time at HSBC, Waters spearheaded the successful implementation of Solidatus for data sharing and data privacy, experiencing first hand the real-world benefits of the tool within a significant global systemically important bank (GSIB).

Prior to HSBC, Waters held the roles at a number of global banks, including global head of data management at RBS (now part of Natwest Group) and global head of business management for the global reference data shared services function at ABN Amro.

In addition, she was awarded CDO of the Year at the 2018 EM360 Awards, Data Management Practitioner of the Year at the Data Management Insight Awards 2019, and was ranked in CDO Magazine’s Global Data Power Women for 2020.

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“I have felt an affinity with the Solidatus team and the product for a long time, since I first brought it into HSBC,” said new Solidatus CDO, Waters.

“We quickly recognised the platform’s innovative and effective approach to a data sharing and data privacy problem we didn’t believe could ever be fully and efficiently solved.

“I was blown away by its potential to solve difficult data problems like data lineage for financial crime and traceability for ESG, but also by its simplicity and sheer efficacy, which isn’t an easy task when handling such extensive and sensitive organisational data.

“The chance to develop such a truly industry-leading solution was one I couldn’t pass up.”

Philip Miller, co-CEO of Solidatus, commented: “Lorraine is a visionary whose view of the future of data aligns perfectly with ours.

“Having already dealt with some of the hardest data jobs in the world, she is ideally qualified to help us take the next steps in leading the data management revolution.”