Allvue Boosts IT Budget and Hires New Data Leaders

Alternative investments technology provider Allvue Systems has increased investment into artificial intelligence, data and talent, starting with the appointment of industry veterans Dmitri Sedov as chief data and analytics officer, Mack Santora as head of AI and Brad Rosenfeld as chief marketing officer.

The New York-based company said it had increased its IT budget 70 per cent year-on-year in a “relentless drive to innovate”.

ESG Data Firm Measurabl Names New People, Culture Chief

Sustainability data platform Measurabl has appointed Marta Patlan as Senior Vice President, People & Culture to oversee the company’s talent development and cultural policies. Patlan has previously worked at Sportradar, Aristocrat, and Brightstar.

NeoXam Names New Director to Drive UK, Irish and African Growth

NeoXam has named Mark Johnson as Managing Director of the United Kingdom (UK), Ireland and Middle East and Africa (MEA) regions, supporting the data management and investment technology company’s broader global expansion plans following its acquisition of EZOPS a year ago.

Johnson, a 25-year veteran of the financial software industry, will deploy his experience in frontline sales and contract negotiations as the Paris-based company seeks greater exposure to markets in South Africa and the wider region.

The former Alveo leader will report directly to NeoXam Chief Executive Florent Fabre, who said Johnson’s “strategic vision and client-centric approach will be invaluable as we continue our global expansion”.

NeoXam bought EZOPS, an artificial intelligence-enabled automation and reconciliation specialist, to bolster its own machine learning and capabilities and to help drive its growth overseas.

Finbourne Names New Americas Sales Head Amid Expansion Plans

Finbourne Technology has appointed former SS&C Advent executive Marc Flamini to head its sales operations in the Americas as the investment data and technology provider seeks to expand its international customer base.

Flamini has been hired to leverage his 23 years experience at SS&C Advent, where he acquired a “track record of building strategic relationships with asset managers, hedge funds, and asset servicers”, Finbourne said.

His remit will also involve managing relationships with the company’s existing clients in the region.

Flamini’s “extensive experience in investment management technology and deep understanding of global markets make him ideally qualified to drive our sales strategy and support our continued expansion in the region”, said Finbourne Chief Commercial Officer Simon Behan in a statement.

Clearwater Expands Private, Alternative Markets Coverage With New Appointment

Clearwater Analytics has named Yuriy Shterk as its global head of alternatives as the provider of software-as-a-service (SaaS)-based investment management, accounting, reporting, and analytics solutions responds to growing institutional demand for private and alternative markets data.

Shterk has spent 25 years in financial services and joined Clearwater from Allvue Systems, where he was chief product officer.

Rimes Appoints Former SimCorp Leader Greg Nuckowski

Rimes has appointed Greg Nuckowski as the data-as-a-service provider’s global head of professional services, hiring him from SimCorp.

Nuckowski brings “deep expertise in scaling professional services organisations”, said Rimes chief operating office Gus Macfarlane. The new executive spent 20 years at SimCorp, leading its Professional Services business in North America.

Finastra Appoints Chris Walters as New Chief Executive

Financial software provider Finastra has named Chris Walters as its new chief executive, replacing Simon Paris, who steps down after almost a decade at the company’s helm.

Walters joins London-based Finastra from Plurasight and Avantax, where he was chief executive. He has also held senior positions at McKinsey and Bloomberg.

Finbourne Appoints New Sales Head to Lead Asia Expansion

Investment data and technology provider Finbourne Technology said it has bolstered its presence in Asia with the appointment of Peter Edwards as head of sales for the region.

A former BNY Mellon Eagle sales specialist in Asia, Edwards has been tasked with leading the company’s expansion in the region from Singapore. He’ll be responsible for the acquisition of clients “across the entire product spectrum and segments”.

Finbourne, which also has offices in London, Australia and Ireland, has raised £100 million in funding and is committing that new capital to its expansion plans.

“Peter’s experience makes him a perfect fit for our company at this pivotal juncture,” said chief executive Thomas McHugh. “His role will be integral in reinforcing Finbourne’s position in this dynamic region.”

SIX Names Sibbern as New CEO

SIX’s head of exchanges Bjørn Sibbern has been named the successor to chief executive Jos Dijsselhof.

Danish national Sibbern will take the reins of the Swiss data and trading venue operator on January 1. He joined the company a year ago and has more than two decades experience in capital markets, including roles at Nasdaq and OMX Exchanges. Dijsselhof, who will round off seven years in the top post, will remain at SIX until the end of February.

SIX chair Thomas Wellauer paid tribute to the outgoing chief executive, saying he had presided over the company at a time of growth.

“Over the past seven years, he has strengthened the international footprint of SIX, championed innovation such as SDX and has been instrumental in transforming and modernising the corporate culture of SIX, thus positioning the company for further success,” Wellauer said.

Rimes Hires Banking Data Expert Naidoo to Manage Matrix Platform

Rimes has appointed Neal Naidoo as head of investment platform solutions and will lead development of the data management and investment services firm’s Matrix Investment Management Platform.

Naidoo, has more than two decades of experience in financial engineering, quantitative analytics and data science at banks including Barclays and Deutsche Bank. He said he aims to help Rimes’ clients “meet the demands of a rapidly changing market environment with tools that streamline data-driven decision-making, enhance operational efficiency, and support long-term asset performance”.

The Matrix Platform is the core investment management product of the enterprise data management-as-a-service (EDMaaS) provider, whose clients manage more than US$75 trillion in assets.