Mack Gill Leaves SunGard to be CEO at Millennium IT
Mack Gill, CEO, Millennium IT
SunGard veteran John Mackay “Mack” Gill is the new CEO of Millennium Information Technologies, the Colombo, Sri Lanka-based developer of ultra-low latency trading technologies, officials say. The London Stock Exchange Group (LSEG) acquired MillenniumIT in 2009.Mack joins MillenniumIT from SunGard Data Systems Inc., where he was senior vice president, corporate development and strategy. Before that post, Gill served as president of SunGard Global Services from 2009 to 2011, president of SunGard Technology Services from 2004 to 2010 and corporate vice president, alliance programs from 1999 to 2004.
From his post in Colombo, Gill will oversee all aspects of MillenniumIT, including strategy. As a member of the LSEG global leadership team, he will report directly to Antoine Shagoury, LSEG chief operating officer and chief information officer. Gill will also work with Tony Weeresinghe, non-executive chairman, supporting his global business development role.
The LSEG runs international equity, bond and derivatives markets, including the London Stock Exchange, Borsa Italiana, MTS and Turquoise, offering UK and Russian derivatives trading, pan-European and US lit and dark equity trading, officials say.
Calypso Launches office in Beijing
Treasury and capital markets software vendor Calypso Technology has opened an office in Beijing, to service domestic and international institutions across the region, officials say.
The office will house sales, professional services and engineering teams to support existing and new clients across Greater China. Mark Bell, Calypso’s regional general manager, greater China says the vendor will be relocating key staff to assist with integrating local hires. Charles Marston, chairman and CEO at Calypso says that the expansion into China continues a “long-term Asia Pacific growth strategy,” in a prepared statement.
Risk Institute and Caceis Launch Research Chair on Risk Assessment
Asset servicing banking group for institutional and corporate clients, Caceis and the Edhec-Risk Institute have jointly created a research chair at the institute to be called “New Frontiers in Risk Assessment and Performance Reporting,” officials say. The new three-year chair follows the previous Caceis-based research chair at the institute on risk and regulation in the European fund management industry.
The research chair team, led by Noël Amenc, director of EDHEC-Risk Institute, and Lionel Martellini, scientific director at EDHEC-Risk Institute, will examine new advances in risk measurement and reporting, officials say. The goal is to explore for the benefit of institutional investors and asset managers new concepts and innovative applications of concepts that are popular in the investment world.
The chair will focus on:
- The consequences for the reporting of institutional investors and asset managers of the change from asset allocation to risk allocation, increasingly prevalent among institutional investors and asset managers;
- And an improvement in extreme risk measures and reporting for funds and institutional investment management.
The EDHEC-Risk Institute is located at campuses in Singapore, which was established at the invitation of the Monetary Authority of Singapore (MAS); the City of London in the United Kingdom; Nice and Paris in France; and New York in the U.S.
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