In other People Moves, Fidessa grows its buy-side sales force, Portware hires a product manager for FX, and BMO Global Asset Management names a director for Asia-Pacific.
Algomi Also Adds Howard Edelstein to its Board
Tom Glocer, strategic advisor, Algomi
Algomi, which characterizes itself as a provider of “information-matching solutions for the optimization of fixed income liquidity,” reports that Tom Glocer, former CEO of Thomson Reuters, has become a strategic advisor, and that Howard Edelstein, the former chairman and CEO of BondDesk Group, and an Algomi investor who has been a strategic advisor for the past two years, has been named to the board.
“Following a long executive career at Reuters, Glocer drove the formation of Thomson Reuters in 2008, where he became CEO,” according to an Algomi statement. Glocer left Thomson Reuters in 2012 and is now managing partner of Angelic Ventures, “a family office focusing on early stage investments in FinTech, media, big data and healthcare.” Glocer is also serving as a director for Morgan Stanley, Merck & Co., Inc., K2 Intelligence and the Council on Foreign Relations.
Edelstein is the “chairman of REDI Holdings, the former Goldman Sachs Group trading technology enterprise, which is a position he has held since 2014,” Algomi says.
“Prior to joining REDI, Edelstein served as CEO of BondDesk, a leading electronic bond trading venue for retail investors, overseeing the sale of the firm to Tradeweb in 2013,” Algomi officials say. “He also currently holds positions as an advisor to BT Radianz and serves on the boards of research data company, Alacra and collateral management firm, AcadiaSoft.”
Algomi, founded in 2012, currently has more than 160 buy-side clients and 15 banks signed up to its Honeycomb Network, which “helps banks create a virtual balance sheet based on actual bond data,” the company adds.
Fidessa Bolsters Buy-Side Sales Force & Minerva
London-based Fidessa Group plc reports a “strengthening [of] its buy-side sales function in North America” with additions to its sales force, as well as with the launch of a new version of Minerva, its buy-side order management system (OMS).
The overall buy-side sales function will now be a part of the larger Fidessa Group Americas sales organization led by Chris Valpone, who has been running sales and account management in North America for the last nine years, Fidessa says, adding that new account management and new business sales teams have been put in place.
Veterans Doug Abere and Paul Neumaier will head up account management in North America and the North American new business sales group, respectively.
In addition, Fidessa has opened a new North American headquarters for its buy-side business in Boston, according to the company.
OMS Minerva provides asset managers with “end-to-end workflow for investment decision, compliance, orders and trading, and post-trade across all asset classes,” Fidessa says, adding that the latest version includes “enhanced order handling capabilities across futures, options and swaps; comprehensive support for Latin American interest rate futures; more sophisticated fixed income trading functionality; support for market specific practices in Korea and Japan; identification of all crossing opportunities across dealing desks; and the use of new technologies to deliver significant performance gains.”
Portware Names FX Product Manager
Chris Sorensen, FX product manager, Portware
Execution management system vendor Portware, a FactSet company founded in 2000, reports the appointment of veteran Chris Sorensen as foreign exchange (FX) product manager.
Sorenson’s mandate is to “help drive Portware’s continued innovation and growth in the FX space, with a focus on execution and automation tools for tier one global asset management firms,” the company says.
Prior to joining Portware, Sorensen, who will be based in Boston, was the global head of strategic alliances and technical account management at FX Connect, according to a statement. “Earlier in his career, he held roles at State Street as vice president for client implementation and technical account management and at BNY Mellon as a fixed income trading systems analyst.”
BMO Global Asset Management Fills Key Post for Asia-Pacific
BMO Global Asset Management reports the appointment of Jonathan Goll as director of institutional business for the
Jonathan Goll, director of institutional business, Asia-Pacific, BMO Global Asset Management
Asia-Pacific region.
Goll’s responsibilities will include “institutional sales in the Australia, New Zealand and South East Asia markets,” BMO officials say. “He will be based in Sydney, Australia and report to Ravi Sriskandarajah, managing director and head, BMO Global Asset Management (Asia Pacific).”
Goll is a 17-year financial services veteran, according to a statement.
“Prior to joining BMO, he spent more than 11 years with Grantham, Mayo, van Otterloo & Co. (GMO), a Boston-based asset management firm, working as a senior client relationship manager in both their Singapore and Berkeley, California offices. He has also held the position of investment consultant with Towers Perrin in Australia,” according to BMO officials.
BMO Global Asset Management characterizes itself as the “brand name for various affiliated entities of BMO Financial Group that provide investment management and trust and custody services,” with 27 offices in 17 countries and CDN $304 billion in assets under management as of January 31, 2016.
Need a Reprint?