Simplitium™, financial services transparency specialist, has successfully delivered reporting solutions to the finance industry for over a decade, significantly improving the transparency of OTC trading and helping firms meet their MiFID II obligations. The company is now looking to extend its remit to the pensions industry.  

Transparency has been under the spotlight in the pensions industry over the past years. In response, Simplitium has launched a new initiative to explore the opportunities to improve transparency in the market. By combining innovative technology with a detailed understanding of the challenges facing the pensions industry, Simplitium believes it will be able to improve the transparency of pension funds, assist with the governance of schemes and improve the efficiency of retirement savings.

The new initiative will explore ways to transform the transparency in the pensions industry by improving the quality of reporting and promoting greater efficiency. To achieve this, Simplitium has hired leading UK Pension industry experts Stewart Bevan and Tom Hibbard. The appointment builds on Simplitium’s existing team of financial services and technology experts, strengthening the company’s extensive experience in the sector.

Jamie Khurshid, CEO of Simplitium, commented, “This is an exciting new initiative and I am delighted to have the leading UK practitioners on board to explore the opportunities in this market. Simplitium isn’t only about transparency in terms of regulatory reporting anymore. Simplitium is about identifying opaque markets and delivering efficiencies through transparency. Using our experience, we have translated our skills and capabilities into new sectors and industries, and the pensions initiative is no different. We are excited about the prospect of delivering effective, independent and trusted services to this industry.”  

Stewart Bevan, Head of Product Development, said "Having spent a number of years identifying the pressures on UK pension schemes, I believe there is still a lot we can do as an industry to help stakeholders. Having worked on projects for DB schemes and the LGPS, I am keen to develop forward-thinking and innovative solutions across the wider pensions market. We will use the latest technologies to empower the wider pension community by increasing the transparency and quality of portfolio information available to them. Enhanced transparency will empower schemes and enable them to better manage future outcomes."

Tom Hibbard, Head of Business Development added, “Through talking to schemes, consultants and managers, we will be able to ascertain and convert their real and immediate needs into market-leading services. New technologies exist now that weren't available when the current set of investment and governance reports were originally developed. I believe Simplitium's structure, size and proven track record in financial services make us the ideal partner to provide innovative solutions and develop the future of effective governance reporting for the industry.”

For further information, please contact:

Emmy Granstrom
Marketing Director
+44 (0)20 3735 4981


Stewart Bevan joins Simplitium as Head of Product Development for ClaritEx where he will focus on developing the next generation transparency and governance solution. Stewart joins from KAS BANK, where he was a Product Manager, responsible for the bank's reporting solutions in the UK.

Whilst there, Stewart led the development of a market-leading framework for pension fund cost collection and analysis, as well as regularly providing insight, commentary and education to the market on how to better understand costs. He was responsible for designing, implementing and launching the UK's first Cost Transparency Dashboard for Defined Benefit pension schemes.

Stewart’s expertise in capturing and presenting cost data gained him a position on the FCA's Institutional Disclosure Working Group, set up to support consistent and standardised disclosure of costs and charges to institutional investors and regulators.


Tom joins Simplitium as Head of Business Development for Pensions. Formerly a Business Development Manager at KAS BANK, he has an extensive knowledge of the global pensions industry landscape.

During his time at the bank, Tom was instrumental in building the strategy and brand for the UK branch, playing a key role in establishing its position in the market and growing revenue.

At Simplitium, Tom will focus on understanding the industry's ever-changing challenges, and bringing relevant stakeholders together to establish how new technologies can make a real difference. Tom will use his knowledge of emerging technology, including blockchain, to explore how Simplitium can develop governance solutions for the pensions market.


By listening and responding to the market, Simplitium (formerly known as Boat Services) transforms complex challenges into flexible, scalable and secure solutions. Simplitium’s services help firms achieve greater efficiency and transparency in their daily operations, from regulatory compliance and cost management to catastrophe risk management.

As a subsidiary of Cinnober, one of the world’s leading clearing and trading technology providers, Simplitium has the stability and structure to ensure secure and reliable delivery of world class services that cover the entire transaction chain. For further information, please visit


About Us

Cinnober Financial Technology is an independent, world-leading supplier of financial technology. Founded in Sweden in 1998, the company has offices in Stockholm, Umeå and London. Cinnober provides solutions and services to leading trading and clearing venues, including exchanges, clearinghouses, banks and brokers. Cinnober’s solutions are largely based on the TRADExpress™ Platform, incorporating everything needed for mission-critical solutions in terms of performance, robustness and flexibility. The portfolio of offerings includes price discovery and matching, real-time risk management, clearing and settlement, index calculation, data distribution and market surveillance. Cinnober’s customers include the Asia Pacific Exchange, Australian Securities Exchange, B3, Dubai Gold & Commodities Exchange, Euronext, Japan Exchange Group, Johannesburg Stock Exchange, the London Metal Exchange, LME Clear, NYSE and the Stock Exchange of Thailand. Cinnober’s shares are traded on the Nasdaq First North exchange and the company’s Certified Advisor is FNCA Sweden AB. For additional information, please visit