Hi Everyone,
As a follow up to our June 7th meeting, we would like to thank David Hirschfeld, and the entire Morgan Stanley team for hosting our East Coast CIO Forum event. Thanks Dave, for kicking off our Master Data Management discussion with a crime description from the NY Times… you have given us a whole new perspective to this topic. Special thanks to Mitchell Kertzman, Partner at Hummer Winblad Venture Partners, for flying in from San Francisco and for giving us a vendor perspective, as we have never seen before! Mitchell thanks for that 80%-20% perspective… our vendor relationships will never be the same!! (Please see attached document regarding Vendor Capsules provided by Mitchell). Special Thanks to John Trustman, “FROM ASPEN”, for his ongoing guidance and efforts in bringing the group to a common definition and practical use of SOA and Master Data Management. Thanks to Avram Kornberg, CIO Moore Capital, for your responsiveness and humor with every call, and to Lon Binder for his help with all logistics.
Some thoughts from the meeting included the following:
From Mitchell – SOA is the realization of distributed software dreams. High value areas include virtualization, real time actionable analysis, and using software as a service and subscription model. Dave spoke to the focus on integration, and the fact that linking data could be less important than managing it. We agreed that the perspective of the data varies based on the users. With agreement from the group, the Master Data Management discussion targeted non-transactional data, the ownership, and stewardship of the data, the single source (non-physical) concept, reference data, security master, process requirement, the “no golden db” concept, and the need for consistency. We reviewed the fact that silos vs. cross cutting businesses have different needs for enterprise data, and we fundamentally agreed that the data we were all focused on was that which had a positive monetary impact when we got it right, and the reverse when things did not go quite as expected. Lastly, and most important, Steven Polinsky (CIO Beth Abraham) pointed out that the ultimate cost of poor data is the loss of life. That clearly put all of our concerns in perspective.
As we plan our fall meeting, we look forward to any feedback or suggestions you may have. Once again, we thank all of you for your outstanding participation, and for making this meeting another fabulous event. With the intellectual power we have as a group, let us aim to solve some of the recurring problems that we collectively share.
Thanks again for all your support!
-malka
Malka Treuhaft
Executive Director East Coast CIO Forum &
President
Truision Inc.
646.942.2625 (office)
917.589.1069 (mobile)
www.truision.com
AGENDA
Hi Everyone!
We would like to thank you all for the huge response to our upcoming, Thursday evening, June 7th meeting. Special thanks to David Hirschfeld and Morgan Stanley for hosting this next event. Congratulations David on your new position at Morgan Stanley, as Managing Director and COO of the Modelware Department!
As promised, our agenda will provide follow up on both SOA and Master Data Management. John Trustman, from Denver, and David Hirschfeld will assist in the discussions (see bios below). As a special treat, Mitchell Kertzman, Partner at Hummer Winblad Venture Partners, and former CEO of Sybase (see bio below), will be flying in from San Francisco to join us at the meeting. Mitchell will be sharing with us some very candid views from his life as a vendor!
The following companies are currently joining us for the event:
Morgan Stanley, Moody’s, Lehman Brothers, XL Capital, Citibank, Bank of America, Deutsche Bank, MSD Capital, Moore Capital, Fortress Investment Group, Eton Park Capital Management, Highbridge Capital Management, AQR Capital Management, Pequot Capital Management, Soros Fund Management, Angelo Gordon, Touro College, Beth Abraham Health Service, Promontory Financial Group, Klik, Aegis, and Standard & Poor’s.
The meeting will start at 6:30 p.m. with networking and a buffet dinner. If you are not sure whether you are confirmed for the meeting, please send us an e-mail ASAP. Please confirm any additional guests whom may be joining you. For those who are still interested in attending, feel free to contact us, and we will let you know if there are any cancellations or additional openings. Please be considerate of those who are on the waiting list and notify us if you have any cancellations.
Final logistics and meeting location details will be distributed shortly to all registered attendees.
Thanks again for all your support, and looking forward to another fabulous event!
BIO’s
Mitchell Kertzman
Mitchell Kertzman is a Partner at Hummer Winblad Venture Partners. He has over 30 years of experience as a CEO of public and private software companies. Most recently, Mitchell was Chairman and CEO of Liberate Technologies, a provider of platform software for the delivery of digital services by cable television companies. Before joining Liberate, he was chairman of the board and CEO of Sybase, Inc. Mitchell was founder and CEO of Powersoft, which merged with Sybase in February 1995.
A former programmer, Mitchell founded Powersoft in 1974 as Computer Solutions. He renamed the company and became a member of the Hummer Winblad family in 1991 when Hummer Winblad invested in the company, which became the leading provider of client-server development tools with its flagship product, PowerBuilder. The merger with Sybase in 1995 was, at the time, the most valuable in the history of the software industry.
Mitchell served as President of the Massachusetts Software Council from 1994 to 1996 and was 1990 chairman of the American Electronics Association. He is founder and former chairman of the Massachusetts Institute for a New Commonwealth (MassINC), a think tank focused on issues related to the standard of living and quality of life of America’s middle class. He served on the New York State Commission on Industrial Competitiveness and chaired its task force on industrial policy. Mitchell was awarded an honorary doctorate of humane letters from the University of Massachusetts, Lowell. He currently sits on the Boards of Bridgestream, Sapias, Five9, ActiveGrid, Palamida and HubPages.
David Hirschfeld
Mr. Hirschfeld is currently Managing Director and COO of the Modelware Department within Morgan Stanley. Previously he was SVP, Operations at Asset Control, a leading vendor of Data Management software. During his more than 25 years in the Financial Markets, he has had a variety of both trading, analytical, operational and technology jobs. These jobs have been at both buy side (Citadel Investment and Tudor Investment) and sell side (Morgan Stanley Dean Witter and Merrill Lynch) institutions. In his trading capacity, he has worked as a derivatives floor trader, an Index arbitrageur and a “black box” systems trader. He holds an undergraduate degree in Economics from Duke University as well as a Masters Degree in Economics from the University of Chicago.
John W. Trustman
Mr. Trustman is an acknowledged pioneer and leader in the design, development and operation of enterprise-scale interactive applications and data warehouses in the retail, healthcare, insurance, and financial services industries. He has led interactive application development in environments ranging from CMMS (Medicare) and Fidelity International to the Property & Casualty industry and data strategy efforts at numerous companies ranging from Fidelity Investments to PepsiCo and AC Nielsen. He has been a pioneer and early implementer of most major technology innovations such as early use of the internet, object-oriented development, XML, SOA, and data warehousing. He was the co-founder of and the visionary behind deNovis – the breakthrough software currently being adopted by Medicare for their operational systems, and he and his team have worked closely with various members of the US Senate to achieve breakthrough innovations and efficiency in the US Healthcare market. Mr. Trustman is the former senior vice president and chief information officer of Aetna Health Plans, the largest commercial health insurer in the United States. He was a senior vice president of Fidelity Investments where he developed the first on-line trading applications in the US and Europe, pioneered the use of data warehousing for customer relationship management, and led the firm’s efforts in internal trading and customer service applications in the US and internationally. Mr. Trustman began his career at United States Trust Company of Boston, MA, where he was senior vice president & chief information officer, and at Bain & Company, an international management-consulting firm, where he was a manager in the firm’s strategy practice. A writer, lecturer and independent strategy and technology consultant, Mr. Trustman holds an MBA from Harvard Business School, where he was a Baker Scholar, and a BA from Yale University.
