Interactive Data has finally selected a replacement for Stuart Clark, its current president and CEO, who is due to retire next year. The firm has indicated that Raymond D’Arcy, the president of sales and marketing for Interactive Data, will take over the role.
D’Arcy has served in a variety of executive roles during his 29 years with the vendor, including leading the unification of Interactive Data’s two largest institutional sales, account management and client service organisations. According to the vendor, he played an instrumental role in refining and building the Interactive Data brand across the company’s institutional services segment.
The board of directors began the search for Clark’s replacement in May, when he announced his intention to retire. Rona Fairhead, chairman of the board of directors, explains the reasoning behind D’Arcy’s selection: “His three decades of experience with Interactive Data provides enormous stability and continuity, and gives us confidence that the company’s momentum in the marketplace can be maintained.”
D’Arcy began his career at Interactive Data as manager of financial and management reporting, before moving into the product management organisation and building the company’s presence within the US mutual fund industry. He then moved into regional and national senior sales executive roles within the organisation, becoming vice president of global sales and marketing in 1999. D’Arcy became president of the data delivery business in 2002 and assumed the role of president of Interactive Data’s sales and marketing organisation in 2006.