The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Another Staff Member Exits Xtrakter in Ongoing Post-Euroclear Acquisition Reshuffle

Following the acquisition of Trax platform operator Xtrakter by Euroclear in April last year and the ensuing management shake up, a number of the vendor’s key staff have left the firm for pastures new, including ex-Trax product manager Chad Giussani last month and, most recently, marketing and communications manager Conor Coughlan, who is leaving next month. As with any changeover in management, there was bound to be some degree of staff turnover – just look at the people moves going on at EDM and outsourcing vendor Netik for another prime example – but the falling headcount at Xtrakter is also likely to be part of the rationalisation process, as functions are brought under the remit of the centralised Euroclear team.

Giussani, who is currently head of the marketing business unit at industry association ISITC Europe, was responsible for the Xtrakter product suite including Trax for just under two years. Prior to this, he was product manager for Omgeo’s MarketMatch and MiFID compliant Transaction Report products for a period of two and a half years.

Coughlan is departing for a similar role at another as yet unidentified capital markets player and it is likely his role at Xtrakter will be centralised into the overall Euroclear marketing and communications team, although this has not yet been confirmed. He was with Xtrakter and its previous incarnation, the International Capital Market Association (ICMA), for a total of four and a half years.

Earlier this year, director of product management for Xtrakter Graeme Austin also departed the vendor and is currently filling time as CEO of ISITC Europe, alongside former colleague Giussani.

Related content

WEBINAR

Recorded Webinar: Managing entity data hierarchies and keeping track of sanctions, watch lists and PEPs across KYC processes

This webinar has passed, but you can view the recording by registering here. Managing entity data and entity ownership hierarchies to ensure Know Your Customer (KYC) compliance is an ongoing challenge for many financial institutions. The webinar will discuss the most pressing concerns around entity and hierarchy data, and consider how to ensure you are...

BLOG

The Deal is Done – LSEG Completes Acquisition of Refinitiv

A big day in the City last Friday as the London Stock Exchange Group (LSEG) completed its all-share acquisition of Refinitiv first mooted back in July 2019. The acquisition is expected to create a leading, UK-headquartered, global financial market infrastructure provider with a strong data and analytics business, significant capital market capabilities across multiple asset...

EVENT

RegTech Summit New York City

Now in its 5th year, the RegTech Summit in NYC explores how the North American financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

The Global LEI System – Slow but Sure

After what looked like a slow start to the summer, the initiative to establish a global standard for legal entity identifiers (LEIs) took a series of significant leaps forward during August, that appears to have put the project firmly back on track. If the marketplace felt a little reticent in June and July, it could...