TradingTech Insight People
Torstone Technology Appoints David Pearson to Product Team
Torstone Technology, a provider of post-trade securities and derivatives processing, today announced the appointment of David Pearson, who will be joining Torstone’s product team, based at the firm’s London headquarters. He joins Torstone from Genesis Global, where he was responsible for post-trade workflow solutions. Prior to that, Pearson spent twenty-five years at Fidessa, initially working with sell-side brokers and dealers to build and implement front and middle-office workflow solutions for equities, and more recently, with buy-side firms on asset classes including exchange-traded derivatives and repo. He is a former Co-chair of the FIX Trading Community’s Global Post Trade Working Group.
Tourmaline Receives Investment, Hires New Executives
Tourmaline Partners, a global outsourced trading solutions firms, has received a majority investment from Copley Equity Partners, a private investment firm that focuses on established businesses with significant growth prospects. Terms of the deal are not being disclosed, but Tourmaline is projected to trade $300 billion notionally in equities in 2020, in a notable validation of the outsourced/supplemental trading model. Following the deal, the firm hired Alex Goodman (formerly at Macquarie) and Matt Sindell (formerly at Susquehanna International Group) as Managing Directors, and Darren Mazzuca (formerly at Gabelli Asset Management) as Director of Operations.
Point Nine Expands to Luxembourg with Paul Goes
Point Nine, a post-trade processing and regulatory reporting service provider, is expanding its global presence by forming a team in Luxembourg. The team will be headed by Paul Goes as its Business Development Manager, based in Luxembourg since April 2020. Andreas Roussos, Point Nine Director, says, “We’re excited Paul Goes has joined our team and are confident his extensive experience in the Luxembourg Financial Services marketplace will contribute to Point Nine’s expansion as well as providing the market with an excellent cloud-based reporting suite of products.”
genesis Hires Nick Kolba as Head of Platform
Capital markets software firm genesis has appointed Nick Kolba as Global Head of Platform. Co-Founder and Chair of the FDC3 program at the Fintech Open Source Foundation (FINOS), Kolba has 20 years of experience including as Chief Technology and Product Officer at OpenFin and, prior to that, as a Technology Director at Thomson Reuters, where he led the development of the Eikon App Studio. In his new role he will be responsible for delivering the firm’s technology strategy and help to drive client adoption of its Low Code Application Platform. The move should boost the firm’s expansion strategy, following the closing of its second round of fundraising back in December 2019.
Finantix Appoints Albert Iselin Executive Director, EMEA
Finantix, technology provider to the wealth management, insurance and banking industries, has appointed Albert Iselin to the role of Executive Director for EMEA, further widening his remit and responsibilities. His team includes new hire Aurelia Philippoz who joins the Swiss team as Inside Sales and Marketing Executive. Based in Switzerland, Iselin will continue to report to Finantix Chief Commercial Officer, Christine Ciriani. He will focus on further expanding Finantix’s presence across the EMEA region. The announcement follows on from the firm’s recent acquisition of Zurich-based AI specialist InCube, and is part of Finantix’s long-term strategy to expand its European team.
André Helfenstein Joins the Board of Directors of SIX
Shareholders at SIX’s AGM yesterday elected André Helfenstein to the Board of Directors. He becomes the representative of Credit Suisse with immediate effect, replacing Thomas Gottstein. The 53-year-old Swiss and British citizen is CEO of Credit Suisse (Switzerland) and a member of the Executive Board of Credit Suisse Group, responsible for the bank’s entire Swiss business. He has been with the bank for over 12 years, holding various management positions in different areas of the private clients business as well as in the corporate and institutional clients business. Before joining Credit Suisse he spent over 10 years with Boston Consulting Group. He is also a member of the Boards of Directors of Neue Aargauer Bank and Venture Incubator.
BTON Financial Makes Two Strategic Hires
BTON Financial, an automated outsourced trading desk for asset managers, has appointed txo new strategic hires to meet the growing demand for its services. Charles Phan, an experienced hedge fund CTO, quant strategist and trader joins as Chief Technology Officer to drive the firm’s technology strategy and delivery; while Caroline Holmes, a regulatory expert and change management specialist with extensive asset management experience, joins as Head of Business Development to act as a conduit between clients, technology and sales teams to support swift onboarding for asset managers.
OpenFin Hires Adrian Crockett as Chief Product Officer
OpenFin, an operating system (OS) provider deploying around 1,200 desktop applications to both buy and sell-side firm, has hired Adrian Crockett as Chief Product Officer. Crockett is the co-founder and former CEO of Pellucid Analytics, an integrated platform that streamlines the creation of investment banking pitch books. Prior to that, Crockett headed investment banking strats groups at Credit Suisse and Merrill Lynch. As Chief Product Officer, Crockett will work with OpenFin’s client base to build the financial industry’s app infrastructure.
Richard Hills Joins big xyt
big xyt, an independent provider of market data analytics, has hired Richard Hills as Head of Client Engagement. Working alongside Mark Montgomery, Head of Strategy and Business Development, Hills will help to drive client innovation using a partnership engagement model. He will be responsible for promoting client awareness of big xyt’s products and services, and help them to integrate big xyt’s technology into their daily workflow. Hills joins from Société Générale, where he launched and built the equities electronic trading business, going on to become Global Co-Head of Cash Equities Execution encompassing electronic, program trading and high touch execution.
Eventus Systems Hires Roger Chandler to Build European Presence
Texas-based trade surveillance and market risk software platform provider Eventus Systems has hired Roger Chandler as Senior Sales Engineer for Europe, based in London. Reporting to Scott Schroeder, Eventus Global Head of Sales, Chandler will be responsible for servicing existing clients and driving the firm’s growth in the EMEA region. He was most recently Technology Sales Manager for Bloomberg out of London, responsible for EMEA enterprise technical sales for global multi-asset sell-side clients, prior to which he spent nearly 11 years at Fidessa. This is the third key hire for Eventus following its $10.5 million Series A funding round last month, with Eric Einfalt recently joining as Chief Strategy Officer and David Mitchell as Regional Sales Executive, North America, both out of Chicago.