Asset Control Fills CEO Post
Reference data systems vendor Asset Control has appointed Richard Petti to be its new CEO, succeeding Dean Goodermote, who served as interim CEO after the departure of Phil Lynch earlier this year, officials say.Just prior to his current appointment, Petti was the chief operating officer at WEMA Environmental Technology where he was responsible for the company’s growth in the environmental compliance software market, officials say. His career in providing financial services and regulatory compliance software includes nine years at SunGard Data Systems where he ran global sales and services for enterprise risk systems. Petti is based in London.
Lynch, who served as CEO from April 2007 to earlier this year, is the former CEO of Reuters Americas. He took over for Ger Rosenkamp who held the posts of CEO and president; Rosenkamp founded the company in 1991.
In August, Marlin Equity Partners acquired Asset Control and Shawn McMorran, as managing director of Marlin’s London office, has been overseeing the investment in Asset Control, officials say.
CEO for SunGard Financial Systems to Leave in January
Harold Finders, the current CEO of SunGard Financial Systems, has decided to leave the company after SunGard created a new leadership structure, say SunGard officials. A 25-year SunGard veteran, Finders will leave the company on January 31, 2014.
SunGard officials add that under a new model, Financial Systems will have two operating executives reporting directly to Russ Fradin, SunGard’s president and CEO. There has been no announcement about the two operating executives to come.
“It’s a plan we have been working on for a long period of time,” Fradin says in a prepared statement. “Unfortunately, as Harold and I explored various possibilities for the new model and discussed some of the details for how we could work together going forward, Harold came to the conclusion that the timing and circumstances were right for him to move on from SunGard.”
Finders has been CEO of the division since late November 2010 and served as division chief executive officer, Financial Systems, since April 2007, officials say. He has been responsible for business strategy, profitability and growth.
Since joining SunGard in 1996 with the acquisition of NCS Financial Systems, Finders has held various senior management positions. Previously, he had senior positions at Digital Equipment Corp. (DEC) and led the divestment of its private banking software business, subsequently taking the role of managing director and then selling the business to NCS in 1994, officials say.
BP’s Chief Information Officer to Become JPMorgan’s CIO
Dana Deasy, the chief information officer for energy giant BP, will become the CIO for JPMorgan Chase & Co. in December, say JPMC officials.
At BP, Deasy held the post of CIO and group vice president responsible for global information technology, procurement and global real estate, officials say. In addition to BP, Deasy has served as CIO for General Motors North America, Tyco International and Siemens Corporation Americas.
At JPMC, Deasy will be responsible for the bank’s technology systems and infrastructure across its business globally, officials say.
Bank officials add that Mike Ashworth, who served as interim CIO over the past several months, has been named deputy CIO for the company and CIO for the firm’s leading consumer and community banking business. Ashworth has held many senior leadership positions at the firm over his 27-year career at JPMC, including as head of global technology infrastructure and as CIO for the investment bank.
MSCI Exec to Lead BI-SAM Unit
Paris-based performance measurement vendor BI-SAM has appointed Jim Trotter, a former executive at performance analytics vendor MSCI, to be managing director, head of performance and reporting services, officials say.
Trotter has more than 25 years of experience in performance measurement, investment risk and compliance monitoring analytics. For BI-SAM, Trotter will be responsible for a new business line that will deliver third-party performance and reporting services to the investment management industry, officials say.
At MSCI, which provides indices, portfolio risk and governance tools, Trotter served as executive director, risk management analytics, overseeing global strategy and development of its performance measurement and attribution business, officials say. Trotter’s other roles include senior performance and risk positions with Northern Trust, Investit and Merrill Lynch. Trotter will be based in BI-SAM’s London office.
Sky Road Launches NYC Office
Sky Road, a managed services provider of trading and risk solutions, has launched an office in New York City to serve both domestic and international institutions that will be led by Richard Itri, who will serve as principal, officials say.
The expansion follows recent client successes and headcount growth, including the addition of Itri who served as chief information officer at both Arbalet Capital Management and Arrowhawk Capital Group, officials say.
As CIO for those firms, Itri was responsible for the strategic and operational technology planning and for managing day-to-day support of the firms’ trading, risk and operational infrastructures, officials say. Itri has also worked in technology management positions at Pequot Capital Management, HSBC’s Alternative Funds Services group and AIG.
Itri will report directly to Dr. John E. Borse, founder and president of Sky Road, based in Chicago.
Sky Road has increased headcount by 32% with the opening of the New York office, adding resources to the client services and engineering teams supporting both new and current clients.
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