Veteran muni experts join DPC Data
As part of its product expansion — including a new data initiative for the tax-exempt market — municipal data service provider DPC Data Inc. has hired municipal veteran Triet Nguyen and fixed income expert Greg Carlin, the firm said Thursday.
In their new roles, Nguyen will serve as vice president of strategic data operations, and Carlin will be vice president of sales.
Both will report to Ken Hoffman, DPC president, who said the addition of Nguyen and Carlin will be instrumental in achieving the Roseland, N.J., firm’s new growth and product expansion goals.
Currently, its indexing and tagging processes allow clients to access a collection of municipal documents available by using DPC's product delivery infrastructure, which supports nearly 1.2 million material event notices, 780,000 financials, and over 300,000 Official Statements.
Nguyen and Carlin will supply data knowledge and industry experience as the firm enhances its obligor database and extends its data-collection efforts for municipal securities, according to a spokesperson for the firm.
The start date of the new municipal data collection initiative is yet to be determined, the spokesperson said, pending consultation with the DPC’s current clients.
Clients who sell or manage fixed income products use DPC Data to get data in streamlined workflows to help them manage risk, improve productivity, sell more, and avoid regulatory penalties.
Its obligor identity code system links over 87,000 obligors to more than 4.8 million CUSIPs, while indexing CUSIPs to all historical secondary market filings for an obligor.
Nguyen brings with him four decades of experience in municipal research, trading, portfolio management, and financial technology to DPC.
In his new role, he will tap into his credit expertise to help “design and deliver innovative data and analytics solutions for all municipal market participants, both on the sell side and buy side,” Hoffman said in a press release.
Carlin is a veteran of the fixed income space and brings an extensive network of industry relationships that the firm will leverage to expand the product line, according to Hoffman.
Before joining DPC, Carlin was vice president of fixed income evaluations at ICE and at S&P Capital IQ.
Nguyen arrives at DPC from Axios Advisors LLC, an independent credit advisory firm he founded. Previously, he was a managing director and head of public finance for NewOak Capital LLC, a leading credit and risk advisory firm.
Earlier in his career, Nguyen traded tax-exempt high yield and taxable municipal bonds, including Build America Bonds while a senior vice president at B.C. Ziegler. In addition, he was a managing director of Saybrook Capital LLC, managing one of the first municipal hedge funds dedicated to a credit strategy.
The pair will pool their expertise to help facilitate DPC’s growth.
Nguyen will provide “thoughtfully structured data that can be used for a variety of advanced credit and risk management applications, including machine learning/Artificial Intelligence tools,” he said in the release.
“The firm’s technical expertise, data management infrastructure, and product development capabilities will enable the development of intelligent solutions that address age-old challenges in the municipal market,” Carlin said.