About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

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

Subscribe to our newsletter

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.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Unpacking Stablecoin Challenges for Financial Institutions

The stablecoin market is experiencing unprecedented growth, driven by emerging regulatory clarity, technological maturity, and rising global demand for a faster, more secure financial infrastructure. But with opportunity comes complexity, and a host of challenges that financial institutions need to address before they can unlock the promise of a more streamlined financial transaction ecosystem. These...

BLOG

EU’s AI Act Loads Data Responsibilities on Institutions but also Offers Opportunities

Financial institutions are under pressure to put their data estates in order as the European Union’s artificial intelligence regulation comes into force this week, threatening huge fines for failures to observe its tough rules on the safe and fair use of the technology. Nevertheless, the introduction of stringent measures that will place new compliance burdens...

EVENT

Eagle Alpha Alternative Data Conference, Spring, New York, hosted by A-Team Group

Now in its 8th year, the Eagle Alpha Alternative Data Conference managed by A-Team Group, is the premier content forum and networking event for investment firms and hedge funds.

GUIDE

MiFID II Handbook

As the 3 January 2018 compliance deadline for Markets in Financial Instruments Directive II (MiFID II) approaches, A-Team Group has pulled together everything you need to know about the regulation in a precise and concise handbook. The MiFID II Handbook, commissioned by Thomson Reuters, provides a guide to aspects of the regulation that will have...