GoBuyside Opinion on GDPR

GoBuyside is a recruitment company that focuses on the financial sector. GoBuyside recently discussed the implications of the General Data Protection Regulations (GDPR) will have. GDPR will alter each European Union corporation. Every company must transition to be in compliance with the new regulations by May 25, 2018. Companies must reevaluate their approach to data protection and implement new changes If necessary. GDPR is expected to highly impact the financial fund management industry, according to GoBuyside.
GDPR is a way to ensure that individuals personal information is protected. GDPR is similar to previously enforced regulations but better emphasis how personal information is held. Companies must improve security feature by implementing new procedures that improve the security of personal information. These procedures must be incompliance to the regulations detailed in GDPR. GDPR also has specific ways in which companies should document personal recommendations.
GoBuyside’s financial expert explained that “GDPR will also apply to organizations whose processing deals with offering goods and services.” Companies in the financial industry, such as investment fund companies, will have to analyze how they control personal data. GDPR requires companies to understand how personal data they are taking in and how it is being stored.

GoBuyside’s customer base is elite including Fortune 500 companies, hedge funds, and private equity firms. The 21st century recruitment company was founded in 2011. The recruitment platform built by GoBuyside provides the company with an advantage in sourcing and screening for the most desirable candidates. GoBuyside has over 400 clients and more than 10,000 firms across the globe. The company has placed clients in more than 500 cities. The recruitment company’s team is comprised of highly experienced professionals who have an extensive educational background. The team selects the highest rated candidates for companies in order to provide the best results. The team allows the company to grow and form stronger relationships within the industry GoBuyside serves.
The company has had several articles posted to Yahoo’s finance section in which the company discusses the future of the financial market. GoBuyside recently discussed compensation with in the private equity sector. The company ultimately stated that “there is no correlation between a raise in compensation and how the firm performs.”

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