Risk and compliance software provider Wolters Kluwer recently launched a corporate performance and ESG division to meet a growing demand for integrated financial, operational and ESG performance management and reporting solutions, the company announced in a news release.
Wolters Kluwer’s fintech businesses — CCH Tagetik, Enablon, TeamMate and Finance, Risk & Reporting — will move to the new division, and Karen Abramson will become the division’s CEO. She is currently CEO of the tax and accounting division.
“Environmental, social and governance is one of the areas in which our clients are seeking more robust solutions and insights,” said Nancy McKinstry, Wolters Kluwer CEO and board chair. “Our ESG products help our clients mitigate risk, comply with an ever-changing regulatory environment and advance their ability to be more responsible corporate citizens. By bringing these solutions into one division, we will be able to capitalize on the growth opportunities in this fast-growing space and meet the growing demands of our customers for ESG solutions.”
Jason Marx, currently CEO of Wolters Kluwer Tax & Accounting North America will be appointed CEO of the Tax & Accounting division. The GRC division will become Financial & Corporate Compliance and will comprise CT Corporation and Compliance Solutions, which provide legal services and banking compliance software, content and lien solutions to mainly U.S. businesses. Steve Meirink, executive vice president and general manager of Compliance Solutions, will be appointed CEO of Financial & Corporate Compliance. Wolters Kluwer’s Enterprise Legal Management unit (ELM), currently part of the GRC division, will be transferred to the Legal & Regulatory division for closer alignment with the Legal Software business.