BOISE, Idaho, April 4, 2023 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting and analytics solutions, announced today that Scott Erickson has been appointed as the company's first chief revenue officer. He will now oversee Clearwater's sales efforts in Europe, Asia and the Americas. With an 18-year track record of driving growth for Clearwater, including roles in services, product strategy and sales, Erickson will continue to lead the company's market share expansion, now across all regions.
"I can't think of anyone more deserving of the title of Chief Revenue Officer than Scott, given his exceptional track record and experience growing the Clearwater platform," said Sandeep Sahai, CEO of Clearwater Analytics. "After a series of great successes in North America, Europe and Asia Pacific, Clearwater's strategy of bringing together global asset managers, insurers and corporations of all sizes on a single SaaS platform has proven highly transformative and effective. While each geography and industry present unique accounting and regulatory reporting needs, our platform addresses all of our clients' needs, whether it is managing performance, risk, or complying with local and global regulations.Given the similarities we have seen among our target clients and the global nature of their portfolios, we believe a global approach better serves our clients and allows us to capture even more market share throughout 2023 and beyond."
Given the strategic importance of Europe, the company has continued to build the leadership team in the region. Brian Slattery, who led the effort to make Clearwater the leading platform in the North American insurance market, has moved to London. He will lead our efforts in the Northern European market. The company recently appointed Josef Sommeregger, former SimCorp leader, to lead the DACH region. These proven leaders are paired with Thomas van Cauwelaert, France Regional Director and Sai Perry, Europe-wide Solutions Director. In their drive to modernize investment accounting and reporting infrastructure across the region, this team will report directly to Erickson.
"I look forward to working with our team to demonstrate that only our innovative single-tenant SaaS technology platform has the power to drive real improvements over the long term," Erickson explained. "I am immensely proud of our customer-centric approach. I truly believe that we are better together, I am humbled by the team's trust and honored to take on this new challenge."
Since joining Clearwater in 2005, Erickson has successfully led multiple Clearwater departments, first as Director of Customer Service, then Director of Product Management and Director of Sales. In 2022, he served as President of Americas and New Markets, ensuring successful partnerships with some of Clearwater's largest clients, including J.P. Morgan, Aegon Asset Management, Avallis Investments and Asia Capital Insurance, while leading the charge on creating new products such as Clearwater LPx, Clearwater Prism and more. In December 2022, he added the Asia Pacific regions to his portfolio, and with this move, he will have global responsibility for sales.
After three years of dedicated service to Clearwater, Gayatri Raman has decided to step down as President of Europe to focus on her family. "Gayatri's work was instrumental in positioning the company for continued growth. On behalf of the Board and management team, I want to thank Gayatri for her contributions and her service and wish her all the best," Sahai added.
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About Clearwater Analytics
Clearwater Analytics (NYSE: CWAN), an industry-leading global SaaS solution, automates the entire investment lifecycle. With a single-tenant and multi-tenant architecture, Clearwater offers award-winning investment portfolio planning, performance reporting, data aggregation, reconciliation, accounting, compliance, risk, and order management. Every day, leading insurers, asset managers, corporations and governments use Clearwater's trusted data to drive scalable and efficient investments in more than $6.4 trillion in assets spanning traditional and alternative asset types. Additional information about Clearwater can be found at clearwateranalytics.com.
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