McGee Suffers Same Fate as Simon as Corero Restructuring Makes CEO Role Redundant

Jarlath McGee has agreed to resign his role as chief executive and board member at Corero, formerly Mondas, the troubled provider of among other solutions the Radica CAPS corporate actions processing system. McGee had himself earlier engineered the removal of Tim Simon, Mondas’s founder. This move follows Corero’s restructuring into two operating divisions – financial markets and business systems – each headed by main board managing directors (with Mark Robertson, co-founder of Blue Curve, later acquired by Mondas, joining the board as managing director of the financial markets division).