Wolters Kluwer Establishes Corporate Performance and ESG division

Wolters Kluwer will bring together four of its global enterprise software businesses to form a new corporate performance and environmental, social and governance (ESG) division to meet the growing demand from corporations and banks for integrated financial, operational and ESG performance management and reporting solutions.

This new division will be comprised of the following global software units: corporate performance (CCH Tagetik, including U.S. corporate tax); EHS/ORM software (Enablon); finance, risk and reporting; and internal audit solutions (TeamMate). All four businesses serve global corporations and banks with cloud and on-premise solutions.

Karen Abramson, who has served as CEO of Wolters Kluwer’s tax and accounting division for the past nine years, will lead the new division, while Jason Marx, who is currently CEO of Wolters Kluwer’s tax and accounting division in North America, will take over as CEO of the overall tax and accounting division.

Wolters Kluwer’s governance, risk and compliance (GRC) division will become the financial and corporate compliance division and will comprise CT corporation and compliance solutions, which provide legal services and banking compliance software, content and lien solutions mainly to U.S.-based businesses. Steve Meirink, executive vice president and general manager of compliance solutions, will be appointed CEO of financial and corporate compliance.

Wolters Kluwer’s enterprise legal management unit, which is currently part of the GRC division, will be transferred to the legal and regulatory division for closer alignment with the legal software business.