ADS rebrands to PCDS
Adopting Data Standards Initiative (ADS) has rebranded to Private Capital Data Standards Alliance (PCDS), in a bid to sharpen its focus on private capital reporting protocol development.
In addition, PCDS has appointed BNY Mellon director Scott Kern to its board of directors. Prior to his time at BNY Mellon, Kern held various positions at UBS, Lehman Brothers and Goldman Sachs.
PCDS was launched by LP expert and industry advocate Loreli Graye, as ADS in May 2018, as a working group which aimed to tackle private equity’s greatest challenge: transparency.
In 2020, the non-profit organisation elected Marianne Stenberg (AP2), Paulo Nunes (IHS Markit), Daniel Gregor (Allianz Capital Partners) and Rich Carson (Cambridge Associates) as its first board of directors.
“PCDS is delighted to welcome Scott to the board of directors with fellow industry experts from the investor, advisor, and provider perspectives,” commented Graye, president of PCDS. “It is paramount that all viewpoints are considered for industry standards development. Scott is an expert in custody banking who brings valuable insight to the board and our mission to develop a common electronic reporting language for global private capital markets.”