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

Xcitek Reshuffles, Seeing Demand For Corporate Actions Solutions

Subscribe to our newsletter

Xcitek, a provider of corporate actions data and management software, is reshuffling its sales, client services and marketing groups, and has plans to hire several new sales and sales support staff. The corporate realignment is cited as a response to growing demand for the company’s XSP corporate actions systems and services.

According to Brendan Farrell, managing partner, the company plans to “pour financial resources into the development and enhancement of our business” in the expectation of “another exceptional year” in 2004. He reports significant progress in 2003, including “new product releases and initiatives, penetrating our presence in the U.K. market, and building relationships with … service providers and industry utilities to enhance our product offerings.”

Xcitek capped a six-month run of announced deals for its products last month with a new contract from U.S. Bancorp (Reference Data Review, December 2003), and expects to release more client additions soon. During the second half, Xcitek also signed agreements with Wachovia Corp., J.P. Morgan Securities, Credit Lyonnais Securities (USA), UMB Bank and Oppenheimer.

Under the reorganization, Craig Schachter, senior vice president, takes on responsibility for all global sales and strategic partnerships, reporting to managing partner, Brendan Farrell. Schachter was previously responsible for third-party relationships. He succeeds Charles Price, who takes over as head of client services. Richard Yosua, previously director of data sales, moves to the newly created position of director of third-party sales, reporting to Schachter.

John Kehoe, formerly senior client administrator for Xcitek’s XSP system, has joined Schachter’s team as sales executive; Schachter plans three further sales hires for
the New York office. In its London sales office, Xcitek has hired

Richard Bustard, formerly senior sales executive at One-Ten, and before that with UBS. Bustard will report to the newly promoted Nick Burgess, director of European operations.
Meanwhile, in client services, Price, senior vice president, will assume responsibility for overseeing client service, sales support and marketing for all Xcitek products. Within Price’s group, Mick Coffey becomes director of XSP product support in North America, with responsibility for pre- and post-sales support. Coffey, who expects to add staff to his group in 2004, was previously product specialist.

Also within Price’s client services group, Tom O’Brien has been promoted to director of Internet products, with responsibility for quality assurance, product development, client services and technical support for Xcitek’s web-based products. O’Brien was previously product manager for the web-based services. Catalina Gonzalez, director of data product support, meanwhile, also plans to expand her department.

Within the marketing department, Xcitek has added Ronnie Bradford as marketing executive, an internal promotion from an administrative role in the company’s Birmingham, Ala., headquarters. Bradford reports to Wendy Chan, director of marketing, and will assist with marketing and communications.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: ESG data sourcing and management to meet your ESG strategy, objectives and timeline

Date: 11 June 2024 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes ESG data plays a key role in research, fund product development, fund selection, asset selection, performance tracking, and client and regulatory reporting, yet it is not always easy to source and manage in a complete, transparent and timely manner....

BLOG

Institutions Look to Cloud to Meet New Asset Management Data Challenges: Arcesium

Institutional asset managers are looking to cloud solutions as they seek to find economies and streamline their asset management processes. Taking advantage of new digital technology that can help them meet changing client demands in an evolving financial landscape, these firms have been prompted to look to the cloud as creaking legacy infrastructure limits their...

EVENT

Data Management Summit New York City

Now in its 14th year the Data Management Summit NYC brings together the North American data management community to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Regulatory Data Handbook 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...