Former E&Y Exec Director Alan Paris Joins eClerx
Alan Paris, principal. eClerx
Business process outsourcing (BPO) vendor eClerx has appointed Alan Paris as principal for its New York office, a newly-created role, officials say.
Paris will manage financial services accounts and act as global consulting lead. He will also work with the eClerx global client relationship and service delivery teams to expand the vendor’s products and services to meet the industry’s outsourcing needs for operations, finance, regulatory reporting and reference data management. While providing on-shore consulting services, he will focus on developing new and existing accounts for the firm.The move to eClerx is a good break from more than two decades of management consulting, Paris says. “It’s been very exciting and we’re really at the forefront of over-the-counter (OTC) and listed derivatives and other complex securities processing,” he says. He will be helping clients with FATCA and Dodd-Frank compliance, reference data needs, new reconciliation via new collateral management rules, client onboarding and know your client (KYC) requirements.
Before eClerx, Paris, who has more than 25 years of experience in global financial markets, was executive director at Ernst & Young, where he led the capital markets technology and operations transformation team.
During his four years with E&Y, he worked with businesses across the various sectors of the financial services industry. He has also held senior positions at PricewaterhouseCoopers, BearingPoint, Deutsche Bank and Bankers Trust. At eClerx, Paris will report directly to company co-founder and director Anjan Malik.
Based in India, eClerx employs more than 5,500 employees across its six delivery center offices, including those in Mumbai, Pune and Chandigarh. The outsourcer also has global client relationship locations in New York, London, Silicon Valley, Austin, Dublin and Singapore. eClerx offers operational support, data management and analytics solutions.
Randich to Leave Citi to Be FINRA’s CIO
Financial technology veteran Steven J. Randich, who is Citigroup’s co-chief information officer (CIO), will join the independent regulator FINRA on Monday, March 11, as executive vice president and CIO, officials say.
Randich will oversee technology at FINRA and the organization’s registration and disclosure division. He will report directly to FINRA’s chairman and CEO Richard Ketchum.
In addition to the co-CIO role, Randich has served as CIO and global head of technology for Citi’s institutional clients group. Before joining Citigroup, he held the post of executive vice president, operations and technology and CIO for the Nasdaq Stock Market. He also was executive vice president and CIO for the Chicago Stock Exchange from 1996 to 2000.
“I am pleased to once again work with Steve,” says Richard Ketchum, chairman and CEO of FINRA. Ketchum spent 12 years at NASD and Nasdaq, where he served as president of both organizations.
ISE Promotes Internally for CTO and Adds to Board
U.S. options exchange the International Securities Exchange (ISE) has promoted Rob Cornish to the post of chief technology officer (CTO), officials say.
Cornish has been involved with the ISE since 1999 when he helped with the launch of the exchange as an IT consultant, later becoming an employee in October 2000. Initially, he had the responsibility of creating an internal software development group. For his new post, he will oversee technology strategy, information security, infrastructure engineering and technology support services. Cornish is also a member of the OCC Technology Roundtable, Financial Services Information and Analysis Center (FS-ISAC) and Financial Services Sector Coordinating Council (FSSCC), officials say.
The ISE also recently elected Hauke Stars, a member of the Deutsche Börse executive board and its new chief information officer (CIO), to the board of directors, officials say. Stars joined Deutsche Börse Group in December 2012.
As an executive board member, Stars is responsible for the IT and market data division. Prior to joining Deutsche Börse, she was managing director of Hewlett Packard Switzerland.
The ISE is part of the Eurex Group, which is comprised of the Eurex Exchange, the European Energy Exchange, Eurex Clearing, Eurex Bonds and Eurex Repo. Eurex Group is owned by Deutsche Börse.
Janney Hires Industry Veteran John Kline
Wealth management, financial services and investment banking firm Janney Montgomery Scott has hired industry veteran John Kline for the post of executive vice president/wealth management for its offices in Raleigh, N.C.
Kline, who has 20 years of industry experience, will oversee $180 million in client assets and will be joined by account executive Joshua Brien, and registered private client assistant Nicole Apen, to form the Kline Wealth Management Group of Janney Montgomery Scott, headquartered in Philadelphia, Pa. .
Most recently, Kline was with UBS where he spent the past eight years, officials say. Before UBS, he was with Smith Barney, which is where he began his career in 1993. In 2009, Kline was recognized as a Barron’s Top 1,000 Financial Advisor nationally. He also was named a Top Wealth Manager by the National Association of Board Certified Advisory Practices (NABCAP) in 2012.
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