
TSG Time with Pat and Doug An Interview with Carol Penhale
Sep 15, 2025
Carol Penhale, a leader at Rimes focusing on the Canadian market, shares her insights on performance measurement and AI trends. She emphasizes the critical importance of data quality, timeliness, and granularity, especially as the industry integrates AI. Carol also discusses her unique side gig as a Santa Claus Parade clown and offers advice for newcomers in performance management. She reflects on the evolving landscape of finance, including the shrinking role of financial intermediation and the industry's direction towards 2025.
AI Snips
Chapters
Books
Transcript
Episode notes
How She Got Into Performance
- Carol's origin in performance measurement came from producing reports and seeing how numbers shifted quartile rankings and influenced behavior.
- She observed month-end trading to influence performance and later challenges with private investments growth.
RIMES' Appeal For Canada
- Carol joined RIMES to expand its Canadian footprint because of their strong data and Matrix platform for public and private assets.
- She values RIMES' vendor coverage and asset-agnostic tools for buy-side, sell-side, wealth, and custody use cases.
AI Needs Trusted Data First
- Summit attendees widely experiment with AI for performance but filter results and avoid pushing raw AI outputs directly to clients.
- Data quality, timeliness, and granularity remain critical prerequisites for safe AI adoption in performance teams.





