Mark Loader Moving to ITRS Group from Thomson Reuters
Mark Loader,
head of sales, Asia/Pacific region,
ITRS
Mark Loader, the current global head of quantitative analytics and data feeds at Thomson Reuters will be moving to ITRS Group this month where he will serve as head of sales for the Asia/Pacific region, officials say. ITRS created this position in order to expand and develop sales in Asia, and recently added an office in Manila. The company has also undergone a restructuring after its recent acquisition by private equity giant Carlyle Group.At Thomson Reuters, Loader’s primary duty has been product development. He also drove innovation, “ensuring that products and propositions exceeded client and competitive requirements,” Loader says. At ITRS, he will be based in Hong Kong and will be reporting to the CEO of ITRS, Kevin Covington.
Loader says his knowledge of the Asian financial markets as well as his long tenure with Thomson Reuters will help him “unlock the value of this important partnership.”
In his new position, Loader plans to continue expanding ITRS’s sell side footprint and to focus on the hedge fund space, he says. “We can provide real-time insight into key trading and risk applications and external trading venues; identify slow execution venues, where response rates are falling outside normal performance for the published trade volumes, and so on,” he says.
Loader says he also plans to focus ITRS’s business flow monitoring offerings on exchanges and alternative trading venues. The ITRS offerings “profile members, track individual transactions through a distributed architecture, establish whether transactions are progressing normally, identify bottlenecks, see dropped connections, and profile how transactions are split across customers, counterparties and currencies,” he adds. ITRS also plans to reach out to middle and back office departments, particularly in terms of the cash and wealth management businesses.
ITRS Group provides market data infrastructure monitoring tools to financial institutions around the world. ITRS offers integrated, real-time monitoring for every aspect of a market data infrastructure: servers, applications, network hardware and important network interfaces, officials say.
Xand Gets a New COO
Xand, a provider of outsourced data center infrastructure, co-location, cloud and managed services, has appointed the former CEO of LAI Holdings Keith Markley as chief operating officer (COO), officials say. As COO, Markley will be part of the executive management team and will help oversee all corporate operations. A KFH portfolio company, LAI is focused on technology and manufacturing.
Markley also served as president and COO of DSL.net, president of Covad Communications’ Eastern region, vice president and general manager for New England Fiber Communications (d.b.a. Brooks Fiber Properties) and as district director for Advanced Radio Telecom, officials say. Markley is also a former legislator who served two terms in the New Hampshire House of Representatives.
“I look forward to building upon Xand’s long-held value proposition of providing the highest level of service to our customers,” says Markley in a prepared statement.
Xand, which has data centers in New York, Connecticut and Massachusetts, provides hosting, cloud and co-location support for many alternative investment firms, international banks, and small projects for some of Fortune 100 banks, says a spokesperson for Xand.
MD Leaves SmartStream for Gresham Computing
Bill Blythe,
global business development director,
Gresham Computing
Maker of trade reconciliation solutions, Gresham Computing has hired Bill Blythe from rival SmartStream Technologies as its news global business development director, officials say.
Blythe, an industry veteran with more than 18 years of experience in financial technology, served as managing director at SmartStream, overseeing business strategy and sales for North America and the UK. Before SmartStream, Blythe also held head management positions at Singularity, Mercator Software and Misys.
As global business development director, Blythe will focus on Greshman’s Clareti Transaction Control (CTC) solution, which debuted in September 2011. The opportunity to drive CTC’s acceptance was “too good to miss,” prompting his departure from SmartStream, Blythe says.
“CTC addresses and solves the issue that many institutions face in dealing with the backlog of on-boarding reconciliations, especially the real-time, intersystem, and more complex reconciliations,” says Blythe. Key global markets for the CTC solution are investment banks, broker-dealers, and asset managers as well as third-party outsources.
“Current technology vendors are unable to provide the solution, lacking the benefits that the latest technology can yield, so much so that we often see clients with very significant technology investments still unable to deal with their backlog,” says Blythe. The goal in creating the CTC solution has been to provide on-board reconciliations and introduce controls when existing solutions are too slow, unable to cope or both.
Blythe will be based in London and will be reporting to Chris Errington, CEO of Gresham Computing.
—Alexa Mehraban
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