In other People Moves, Andy Nybo leaves Tabb Group, Baymarkets fills a business development post, FINRA hires from the SEC, and State Street tends to its Investment Manager Services business.
Fenergo to Recruit Over Next 12 to 18 Months
Fenergo, the Dublin, Ireland-based client lifecycle management software solutions provider, is creating 200 jobs “due to rapid global expansion, bringing its total global employee base to 500,” according to the vendor, which serves investment, corporate and private banks.
The vendor will be filling positions are across many areas of the business: product management, software engineering, implementation, consulting and marketing, officials say. Recruitment will begin immediately with all positions to be filled over the next 12 to 18 months.
“We anticipate continued significant growth across all of the regions we serve —Americas, Europe, U.K., APAC and the Middle East — over the next 36 months,” says Marc Murphy, CEO of Fenergo, speaking at the jobs announcement event held in Fernergo’s global headquarters in Dublin’s Docklands. “By joining the Fenergo team, this new talent will be part of a journey to build a global technology company that is at the forefront of developments in robotics and artificial intelligence for financial technology,” Murphy says.
In addition, Fenergo officials acknowledge that they have “ambitions to IPO the company by 2020,” and that the company “is well on its way to achieve this given its considerable growth over the last five years, averaging over 100 percent year-on-year.”
Over the past five years, Fenergo has signed deals with financial institutions including HSBC, UBS, BNY Mellon, Scotiabank, Bank of Montreal, BBVA, Westpac, RBS, RBC, SunTrust and Nikko Americas, officials say. The company has also opened six new offices across the world including New York, Boston, Sydney, Singapore, Japan and Abu Dhabi and relocated its Dublin, London and Boston headquarters “to cater for its growing number of personnel.”
Most recently, Fenergo took up residence in a 21,000-square-foot building in Dublin’s Point Village.
— Eugene Grygo
Andy Nybo Leaves Tabb Group, Joins Burton-Taylor
Andy Nybo, director, exchange vertical research practice, Burton-Taylor
Industry veteran Andy Nybo has left market research firm, the Tabb Group, to become the director of the exchange vertical research practice at Burton-Taylor International Consulting, a division of TP ICAP’s data and analytics group.
In his new post, Nybo will be “building out Burton-Taylor’s comprehensive analysis of current and historical exchange share, demand segmentation and demographics, globally and regionally,” say officials of the TP ICAP division, which offers market research, strategy and business consulting.
At the Tabb Group, Nybo served as managing director for more than a decade.
For his new role, he brings to the role more than 30 years of experience in marketing, research and technology applications in the global capital markets, officials add. He has also served as head of marketing and communications at MarketAxess Corp., senior analyst with Tower Group and director of research at The Bond Market Association.
Based in Charleston, South Carolina, Nybo will report directly to Douglas B. Taylor, founder and managing director at Burton-Taylor, officials say. “Andy’s appointment is the first of multiple new hires which Burton-Taylor will be making in the near- to mid-term,” officials add.
— Eugene Grygo
Baymarkets Appoints Head of Sales and Business Development
Baymarkets Technology AB, a Nordic provider of financial and regulatory technology to the financial services industry, reports the appointment of Per
Per Andersson, head of sales and business development, Baymarkets Technology
Andersson as head of sales and business development.
Andersson, a fintech veteran, was previously head of sales at Pantor Engineering, recently acquired by Goldman Sachs, and at Orc Software, now Itiviti, Baymarkets says in a statement.
Baymarkets emphasizes the experience it has “building and operating multi-asset exchange and OTC trading systems and clearing solutions for some of the largest firms in the industry. These include banks, brokers, exchanges, CCPs and technology providers.”
FINRA Hires from SEC for Senior Advisor Post
The Financial Industry Regulatory Authority (FINRA) reports the appointment of Nathaniel Stankard as senior advisor to the CEO, effective immediately.
Stankard will provide “counsel and strategic advice to President and CEO Robert W. Cook and FINRA’s senior management, and will assist with special projects,” the regulator says in a statement.
Previously, Stankard was deputy chief of staff for policy at the SEC, FINRA says.
“He initially joined the SEC in the role of Counsel to the Director of the Division of Trading and Markets. Prior to joining the SEC, Stankard worked as an executive director for Morgan Stanley and as an associate at the law firm of Cleary Gottlieb Steen & Hamilton LLP,” according to FINRA.
State Street Names Head of Investment Manager Services
John Lehner, EVP, head of investment manager services, State Street
State Street Corp. reports the appointment of John Lehner to executive vice president and head of State Street’s investment manager services (IMS) business.
Lehner, who will report to Bob Kaplan, executive vice president, will lead the “strategic direction, sales and operations for State Street’s IMS business globally with responsibility for employees in 14 countries,” and will also manage the IMS technology strategy, the corporation says in a statement.
Previously, Lehner served as CEO of BNY Mellon Technology Solutions, chairman of Eagle Investment Systems, and president of BNY Mellon New England, State Street notes. “Prior to joining BNY Mellon and Eagle, he held senior positions at GovPX, Advent Software, and Wang Financial Information Services,” officials add.
State Street characterizes itself as “one of the leading providers of investment manager outsourcing services with more than 60 clients globally.
This past October State Street officials announced that the company was reappointed by PIMCO to provide investment manager services outsourcing in support of $1.55 trillion in assets under management.
The agreement renewed a 16-year investment manager services outsourcing relationship that requires State Street to assume PIMCO’s back-office investment operations in Newport Beach, Calif., including trade processing, collateral management, pricing, and derivatives processing, officials say.
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