Illness Hastens Exit for Barclays’ Top Finance Director
Chris Lucas, group finance director, Barclays
Chris Lucas, the group finance director for Barclays, will step down from his position and the board on Aug. 16, which is earlier than expected because of health concerns, according to bank officials. Lucas was slated to step down on Feb. 28 next year.“My health was a key factor behind my decision to step down which we announced in February,” Lucas said in a statement. “Whilst I had hoped to be able to continue working until early next year it is now clear to me that with my health as it is this will no longer be possible.”
On July 16, Barclays announced that Tushar Morzaria would succeed Lucas as group finance director. Morzaria will now become group finance director on Oct. 15 and will join the board, officials say. Peter Estlin, the group financial controller, will be acting chief financial officer until Oct. 15. Estlin will not join the board but will attend executive committee meetings.
AxiomSL Fills COO Post
Regulatory reporting and risk management vendor Axiom Software Laboratories has appointed industry veteran Gordon Elliot to the new position of chief operating officer, say AxiomSL officials.
Over his 25-year career, Elliot has worked in senior roles including managing director posts at UBS and Barclays Capital, say AxiomSL officials. His background includes overseeing large, global development teams, major program transitioning, partnership growth, vendor management and enterprise architecture development.
In this role at AxiomSL, Elliot will focus on implementing the vendor’s strategies and objectives such as exploring partnerships for key expansion and growth initiatives in line with the company business goals, officials say. Elliot will report directly to Alex Tsigutkin, AxiomSL CEO.
Smonik Boosts Teams in Boston and India
Back-office solutions provider Smonik Investment Systems has increased its customer development and support teams by 10 percent for its Boston and Ahmedabad, India, offices, say vendor officials.
The extra staff will support growing client demand via the middle- and back-office platform solutions such as Smonik Recon for reconciliation, Smonik DMS for data management, Smonik TAX for tax reporting, and the Smonik SRP reporting platform, say vendor officials.
The additional staffing is in line with the vendor’s move to provide 24/7 support for clients that need for straight-through reconciliation services, a leading provider of for the investment management community, announced today that it.
Smonik officials say the company has doubled its client base in 2013, and provides reconciliation services to five of the top 10 hedge funds in Boston. The growth is due to investment managers wanting to streamline operations by automating middle- and back-office workflows around data management, trade reconciliation and reporting.
Traiana Hires from the LSE
Pre-trade risk and post-trade processing solutions Traiana recently appointed Guy Eden as head of product management, say company officials. Eden was previously head of product management at the London Stock Exchange.
At the LSE, Eden oversaw product management, development and customer support for UnaVista. He joined the LSE from Ipreo, the investment banking solutions vendor. Before Ipreo, Eden worked at SunGard, where he served as solutions director. Eden will report to Igor Teleshevsky, a member of Traiana’s executive committee.
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