SS&C Taps PwC for Outsourcing SVP
Timothy Reilly, senior vice president of institutional outsourcing, SS&C
SS&C Technologies has hired Timothy Reilly, former assurance partner for international accounting firm PwC, to be its senior vice president of institutional outsourcing for its institutional services division, say officials at the financial services software vendor.Reilly will oversee SS&C’s institutional outsourcing division and lead efforts to enhance its presence in the insurance and asset management markets, officials say. Institutional outsourcing is part of SS&C’s software-enabled-services offerings, which have over $1.6 trillion in assets residing in more than 7,000 funds worldwide.
Before joining SS&C, Reilly served in senior financial capacities at PWC for almost 28 years, including 19 years as an assurance partner. He held key roles in PwC’s local, regional and national markets, most recently as a market leader in the PwC Hartford office, officials say. Reilly also has extensive financial management experience with various client organizations ranging from Fortune 500 to smaller entrepreneurial organizations.
“We believe he will add value immediately to our existing clients and help identify firms that could benefit from our outsourced middle- and back-office services, says Bill Stone, chairman and CEO for SS&C Technologies.
Former LSE CTO Takes Same Post at London Metal Exchange
Robin Paine, CTO, London Metal Exchange
Robin Paine, the former chief technology officer for the London Stock Exchange, has taken on the same role at the London Metal Exchange, say LME officials. Paine was the CTO at the LSE for five years, overseeing the strategy, leadership, delivery and operations of the group technology function.
Paine was previously the head of solutions delivery at Old Mutual, where he led a global transformation initiative across the change and technology divisions and was responsible for delivery of all programs within the wealth management division, say LME officials.
“Robin will be a valuable asset to the LME,” says Martin Abbott, chief executive of the LME, in a statement. “He has over 20 years of experience in IT management and a proven track record in program delivery.” Paine will report to Diarmuid O’Hegarty, the LME chief operating officer.
CACEIS Promotes Internally for Overseer of French Clients
CACEIS has appointed Franck Delbès as head of regional coverage, in charge of French clients, as of June 10, say officials at the asset servicing banking group. Delbès is taking over for Patrick Lemuet, who is retiring
Delbès moves up from head of the fund administration operational line of CACEIS Group, a post held since 2010, officials say. He joined the group in 2007 as head of this activity in France. He previously worked in asset management, consulting and with software developers.
For his new role, he will report to Joseph Saliba, CACEIS deputy CEO, in charge of business development.
Delbès is responsible for developing CACEIS’s sales activity with French asset managers, institutional investors, banks and brokers, officials say. He will promote CACEIS’s global asset servicing offer to French clients in all markets where they operate.
CACEIS offers depositary and custody services, fund administration, middle office outsourcing, derivatives clearing, FX, securities lending, fund distribution support and issuer services via offices across Europe, North America and Asia. The company has assets under custody of €2.5 trillion and assets under administration of €1.3 trillion, officials say.
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