AxiomSL, which provides enterprise-wide IT for regulatory reporting and risk management, has appointed Peter Tierney as its Asia-Pacific region chief executive, based in Singapore.

Tierney has more than 25 years' experience as an enterprise software executive. His latest job was as the regional head of DTCC's over-the-counter trade reporting initiative and also as CEO of the Singapore-based OTC data repository in Asia. He now works under Alexander Tsigutkin, Axiom's global CEO.

In his life before DTCC, Tierney was part of the executive team that carried out Thomson Financial ESG's merger with the DTCC to form Omgeo. He also held senior positions at BT Radianz and at the New York Stock Exchange technologies business where he was the Asia chief operating officer.

Tsigutkin believes that the rising tide of regulatory and risk requirements around the world has created the need for "a data-driven platform that adapts quickly to change, mitigates risk, reduces costs and delivers a competitive advantage."