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Changes at Cicada; Schachne, Bhimani Leaves; Redfern, Stacey Transfer to CPL

There have been changes at Cicada as Bruce Schachne has left his role as vice president of global sales to join Standard & Poor’s as vice president of marketing in the global market development division of its ratings group. Hubert Holmes will now resume the global sales management role in addition to his business development…

Levy Replaces Birch at UBS; Birch Moves to Schroders

Stuart Levy has become head of UK data management at UBS based in London. He replaces Steven Birch who has moved to become head of data management at Schroder Global Asset Management, also in London.

IBM Loses Glasser from Data Management Team

In a surprise departure, Dessa Glasser has left her role as director within IBM’s Global Services division, where she was a key player in its reference data strategy. It is not clear where she has moved to or who will replace her.

Pecs Cytron Leaves DST International

Pamela Pecs Cytron has left her role as executive vice president at DST International, a role she joined just last year. Prior to DST International, Pecs Cytron was at SunGard’s Front Capital Systems as managing director of the Americas, and senior vice president, sales and general manager, North America for Netik.

Lind Leaves Industry Analyst Role for Vendor Side

Tim Lind has left The TowerGroup to join enterprise data management company GoldenSource. In his new role, Lind is senior vice president for product strategy, responsible for strategic planning, market research, competitive intelligence and product positioning. He will report to executive vice president Mark Zill, and will operate from both New York and Boston. Lind…

Xcitek Hires Sheppard as COO

Xcitek has appointed Neil Sheppard as chief operating officer with responsibility for managing the company’s corporate actions software XSP in Europe, in support of the European growth strategy. Prior to joining Xcitek, Sheppard has held a variety of project management, product and business development roles in corporate actions at Magenta One, UBS, Morgan Stanley, Dresdner…

Markit Hires Meldrum for Acquisitions & Strategic Direction

Markit Group has hired Will Meldrum as director of acquisitions and strategic development, pointing to further acquisitive activity by the credit markets pricing vendor. Meldrum previously worked at Deutsche Bank for four years as director and head of global markets strategic investments. In this role, he was involved in the original sale of the collaborating…

ING Funds Picks FTID Fair Value Service

ING Funds has chosen to use FT Interactive Data’s Fair Value Information Service to support the funds’ fair valuation procedures for equities held in their international portfolios. FT Interactive Data’s Fair Value Information Service is designed to assist mutual funds, which must value foreign securities after their local market close (when market events may influence…

Soliton for Sale in Early Sign Of Consolidation Of the Reference Data Management Industry

Reference and time-series data management provider Soliton is looking for investment from a strategic partner, or a potential outright sale of the company. Early signals, at the time of Reference Data Review’s press time, suggest the vendor has appointed an investment banker – Kirchner & Co. – to proactively contact potential suitors. The Canadian-based company…

Outsourcing Becoming Viable Option, New A-Team Survey Says

Effective reference data management is a tough challenge for most financial institutions, but is outsourcing it to an experienced partner a viable option? It appears it is indeed an option that many reference data managers – 95% of those surveyed by Reference Data Review – would consider, signalling a fundamental shift in the attitude towards…