In other people moves, Kx Systems has shuffled its senior management and Abacus Group debuts in Boston.
Lombard Risk Management Names New CEO
Alastair Brown, CEO, Lombard Risk Management
Lombard Risk Management plc, a provider of integrated collateral management and regulatory reporting solutions for the financial services industry, reports that Alastair Brown has joined its board as CEO.
Brown will report to Philip Crawford, who will continue to serve as executive chairman for the remainder of the financial year before returning to his post as non-executive chairman, effective April 1, 2016, according to a company statement.
Brown moves to Lombard from the Royal Bank of Scotland (RBS), “where he worked for 15 years in a variety of technology leadership roles in global banking and markets, chief information officer of international banking and most recently head of eChannels, global transaction services,” Lombard says, noting that Brown began his career in technology management at NatWest Markets.
The Brown appointment follows an extensive search process, Crawford notes in the statement.
Lombard was founded in 1989 and is headquartered in London, with offices in New York, Hong Kong, Shanghai, Singapore and Tokyo, as well as services centers in Atlanta, Cape Town, Luxembourg and Miami, the company says.
Senior Management Moves at Kx Systems
Janet Lustgarten, Kx Systems CEO, co-founder
First Derivatives plc subsidiary Kx Systems, a specialist in database and time-series analytics, reports that Kx Systems CEO and co-founder Janet Lustgarten will become chairwoman of Kx Systems Inc. and will be invited to join the First Derivatives board in 2016.
First Derivatives CEO Brian Conlon will replace her as Kx Systems CEO, and Mark Sykes, who joined Kx Systems this year as head of global market strategy, will become chief operating officer.
Sykes also will be “in charge of Kx’s day-to-day operations and global client relationships,” according to a statement, and will become part of the First Derivatives executive management group, officials say.
The management changes ”follow a recent board review of First Derivatives’ wider group leadership focussed on delivering strategic priorities, customer benefits and sales and marketing efficiencies,” according to the statement.
Palo Alto, Calif.-based Kx, which was founded in 1993, focused originally on the capital markets, the company says, but “in recent years Kx Systems has expanded its presence in other vertical markets including oil and gas, pharmaceuticals and utilities in response to customer demand.”
Abacus Group Opens Boston Office
Abacus Group, a provider of hosted IT solutions for the hedge fund and private equity fund market, reports the opening of the company’s new Boston office, pointing out that this is the fourth office the company has opened in 2015, including regional offices in Los Angeles, Dallas and Charlotte, N.C.
The new Boston office was spurred by area demand for AbacusFlex, the company’s private cloud offering, according to an Abacus statement.
“The financial services industry in the Boston area is significant, and both established and up-and-coming startup funds from across the region are demanding greater access to our managed cloud and hosted IT services,” Jason Elmer, director of business development, says in the statement. “We see an opportunity to address this underserved market while continuing to build our market presence across the U.S.”
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