Citisoft, GBST and FlexTrade also have People Moves news.
David Little to be Non-Executive Director for CloudMargin
London, U.K.-based CloudMargin, a fintech firm formed in 2014 that offers a software as a service-based collateral and margin management platform, reports the appointment of David Little as non-executive director.
Little, who will join the company’s board, is a financial services veteran with more than 20 years of experience, who has “a particular focus on securities finance and collateral management within the capital markets arena,” CloudMargin says, noting that his previous posts include managing director of strategy and business development for Calypso Technology, “where he was responsible for the development of collateral and securities finance as a strategic business area of focus.”
Citisoft Names CEO and COO
Paul Migliore, CEO, Citisoft
Thomas Secaur, COO, Citisoft
Citisoft, an investment management consulting firm, reports the appointment of Paul Migliore as global CEO and Thomas Secaur as global chief operating officer (COO).
Migliore has been CEO of Citisoft’s U.S. operations since 2007. Prior to joining Citisoft, he was a partner with IBM Global Business Services and PricewaterhouseCoopers, where he was responsible for the U.S. investment management consulting, according to a statement.
Secaur has been COO of U.S.-based Citisoft, Inc. since 2002, when the firm merged with the Rowan Group, the statement notes. Previously, he worked for a formerly known Thomson Financial unit (now part of SS&C Technologies), where he was director of implementations for its PORTIA division, which specializes in middle-to-back office software for investment firms.
Both men will continue to be based in Boston, while Steve Young, Citisoft managing partner, will continue to be responsible for Citisoft PLC, the firm’s London-based consultancy. All three will oversee the firm’s European and Asia-Pacific practices, according to Citisoft.
Citisoft, Inc. and Citisoft, PLC constitute the Citisoft Group, with operations in North America, Asia Pacific, and EMEA.
GBST Appoints Head of EMEA
Financial services software provider GBST reports the appointment of David Simpson to the position of head of Europe, the Middle East and Africa (EMEA). Simpson will be a member of GBST’s executive team, based in London.
In this newly created position, Simpson will be responsible for managing client activity and driving the ongoing regional growth of the group’s retail savings platforms for wraps, life and pensions and banks, and for the institutional capital market, GBST says in a statement, and also will “lead integration of the group’s wealth management and capital markets divisions in the EMEA region.”
He joins from SEI Investments Company, a provider of investment processing, investment management and investment operations solutions, where he was chief relationship officer for SEI Europe’s wealth platform, GBST says. “Prior to joining SEI in 2010 as business development director, he held various roles at Barclays Wealth where he was employed for 22 years, including head of UK Asset Management from 2004 to 2010.”
FlexTrade Opens Sydney Rep Office
FlexTrade Systems, which specializes in multi-asset execution management systems reports that it has opened a representative office in Sydney, Australia.
The reason for the new office, FlexTade says in a statement, is the coming “increase in assets under management (AUM) being handled by money managers and superfunds in Australia. It’s likely that hedge funds, asset managers and others will be increasingly active with their investments in order to improve their returns.”
Aussie traders “will also be looking to trade internationally,” FlexTrade suggests. “This is driving a growing requirement for a high performance execution management system … that enables traders to access liquidity both inside Australia and globally.”
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