Former IDC Boss Names as New D&B President

The investment consortium set to acquire venerable corporate data company Dun & Bradstreet in the next few months has announced that Stephen C. Daffron will join D&B as President.

Daffron (pictured) has worked on Wall Street for more than two decades, in roles including Global Head of Operations, Technology and Data at Morgan Stanley, leading an organization of 17,000 people. Since then he has served as President and CEO of financial data and analytics company Interactive Data Corporation (IDC). He has also held senior leadership positions at Renaissance Technologies, Citigroup and Goldman Sachs; and is a co-founder of Motive Partners, a global fin tech private equity firm with offices in New York and London. Motive Partners will be joining the investment consortium, which is known as 'Star Parent'.

In his new role, Daffron reports to CEO Anthony Jabbour, who comments: 'Steve... will leverage his vast experience in the data and analytics business to provide invaluable insight for our business and our valued customers. He is a driven, results-oriented leader, as evidenced by the success of the companies he has led. I am confident he will successfully lead the day-to-day operations of Dun & Bradstreet and reinvigorate growth'.

D&B agreed in August to be acquired by an investor group led by CC Capital, Cannae Holdings and funds affiliated with Thomas H. Lee Partners, along with a number of other investors, and last week it received a $375m investment from software business Black Knight, of which Jabbour is Chief Exec and which has joined the investors.

The company is online at www.dnb.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.