Electra Names Scott Rhodes COO, Puts Up ‘Now Hiring’ Sign
Scott Rhodes, coo, Electra
Electra Information Systems, a reconciliation and post-trade solutions provider for the asset management industry, has named Scott Rhodes chief operating officer, a new position at the vendor. The appointment signals a “significant amount of growth” and expansion at Electra, where the Now Hiring sign has gone up, John Landry, CEO, told FTF News.
Rhodes, a 30-year technology market veteran, was most recently a managing director at Hedgeserv, where he was responsible for product development. Rhodes has been on Electra’s board for more than 10 years, and will remain on the board in his new capacity.
Based at Electra’s New York headquarters, he will report directly to Landry, who also told FTF News that expansion at the company will be widespread — “customer support, consulting services, operations, technology,” he specified.
Prior to Hedgeserv, Rhodes was president and founder of Veotag, a provider of internet video services. He also served as president of Metamorphic Computing Co., a technology consulting company he founded in 1994. Previously, he held executive positions at Multex Systems and Information Builders. He also has worked in several European countries and Japan, Electra reports.
“Scott will play an important role in helping us deliver measurable results to our clients,” Landry said in a statement. “We have full confidence that Scott will be a strong champion for our firm’s commitment to growth and innovation.”
“In an increasingly complex economic climate, our clients continue to benefit from our innovative reconciliation, data acquisition and transformation, post-trade communications and revenue management solutions and services,” Rhodes said in the statement.
A graduate of Ohio University with a B.S. in physics, Rhodes also did graduate work in high energy physics at Rutgers University, in New Jersey. And physics meant hands-on experience with computers early on, he said. “Throughout the years my mathematical experience gave me an opportunity to do modeling,” he said. “I used that experience … and it gave me the opportunity to get into business, because I was allowed to move between business and technology because of my modeling. That experience was a great leg up.”
Electra describes itself as the largest buy-side aggregator of investment accounting data, and a specialized one-stop-source for post-trade processing solutions. CEO Landry confirmed there were new “product initiatives” in the works, though he added that he wasn’t ready to announce any. “You guys will definitely be on top of the list when we are,” he said.
SimCorp Appoints MD of UK, Ireland & the Middle East
Peter Hill, managing director for the UK, Ireland, and the Middle East, SimCorp
SimCorp, an investment management solutions and services vendor, has appointed Peter Hill as managing director, responsible for the vendor’s growth in the UK, Ireland, and the Middle East, officials say.
Hill replaces Klaus Andersen, who has headed SimCorp’s London-based business since 2008. Andersen has recently taken on the position as managing director for SimCorp’s wholly owned subsidiary company, Equipos Ltd.
Hill was previously managing director, SimCorp Asia Pacific, a position he held since 2006. He oversaw the company’s expansion in Australian and Asian markets, with particular focus on client satisfaction and development of the business.
Before joining SimCorp, Hill had more than two decades in leadership and client relationship roles, the last 11 of which were in sales of high-end application solutions to the financial services industry, officials say. He joined SimCorp from Fiserv Asia Pacific where he was managing director. He also worked with IBM Australia for 18 years, initially in sales roles and later in management positions for the finance and insurance industries for Australia and New Zealand.
Instinet Promotes Jonathan Kellner to CEO
Instinet, the equity execution services arm of the Nomura Group, has named Jonathan Kellner as its new CEO. He replaces Fumiki Kondo, who now will head Nomura Asset Management’s overseas client division in Tokyo.
“Instinet is an integral part of the strategic ambitions we have for our equities franchise, particularly given the ongoing shift of client assets into equities globally,” Naoki Matsuba, co-head of Nomura’s Global Markets division and chairman of Instinet said, in a statement welcoming Kellner to his new post and saluting Kondo for his efforts on behalf of Nomura in the equity market. “Kondo-san has also been instrumental in the development and growth of the Chi-X market centers as Chairman of Chi-X Global,” Matsuba said, referring to the company’s equity trading venues, which it owns with a consortium of financial institutions.
Prior to being named CEO, Kellner served as head of Instinet’s Americas businesses.
Kellner joined the Nomura Group in 2003 and moved to Instinet in 2007, following acquisition of the company from Silver Lake Partners. Previously, he held senior trading and technology positions at Charles Schwab, Investment Technology Group and Morgan Stanley.
Corvil Taps Silicon Valley Vet for CMO Post
Van Diamandakis, chief marketing officer, Corvil
Corvil, a provider of real-time operational performance analytics and monitoring solutions for IT, has named Van Diamandakis chief marketing officer.
Based in Dublin and reporting to CEO Donal Byrne, Diamandakis is tasked with helping the company achieve its growth plan by taking its analytics and monitoring platform into other vertical markets whose IT operational environments are similar to the financial services industry, according to the company.
Those other vertical markets include energy, e-commerce, gaming, entertainment, insurance, media and advertising, the company stipulated.
Most recently, Diamandakis was SVP of marketing at Joyent Cloud and head of outbound marketing at ServiceSource International.
“For years, the world’s top banks and liquidity venues have relied on Corvil to ensure the performance and integrity of their incredibly demanding 24×7 IT trading infrastructures,” CEO Byrne said in a statement. “Van’s expertise … will be critical as we aim to replicate our success in sectors beyond the financial services industry.”
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