In other People Moves news, Options adds an executive, SimCorp names a division head and SmartStream taps Duco for a sales post.
Northern Trust Asset Management Fills Senior Posts
Northern Trust Asset Management, with $875 billion in assets under management (AUM) as of the end of 2015, reports two senior appointments to its London-based asset management group.
Aaron Overy has been named to a senior institutional sales post, with a primary focus on the U.K. market, and Nigel Tyler has been named senior index portfolio manager.
Additionally, Northern Trust reports that Jay L. Henderson has been elected to its board of directors, effective July 18, 2016, following his retirement from PricewaterhouseCoopers LLP, at which he is currently vice chairman, client service, “responsible for leading the execution of PwC’s strategy across the Midwest Region, which includes offices in 13 states with 6,800 partners and staff,” Northern Trust says.
Overy has more than 20 years of industry experience, across the front, middle and back offices including fund structures, portfolio management, trading, corporate actions, and fund accounting, and was most recently head of asset pooling sales for Northern Trust’s asset-servicing business, according to Northern Trust’s statement.
Tyler, also with more than 20 years of experience, joins from Blackrock Investment Advisors, where he was responsible for managing pooled and segregated index portfolios, according to the statement, which notes also that he will be a senior index equity portfolio manager within Northern Trust’s international index equity team.
Northern Trust Asset Management, founded in Chicago in 1889, includes Northern Trust Investments, Inc., Northern Trust Global Investments Limited, 50 South Capital Advisors, LLC, Northern Trust Global Investments Japan, K.K., NT Global Advisors, Inc. and investment personnel of The Northern Trust Company of Hong Kong Limited and The Northern Trust Company.
Options Picks a CFO
Options, a managed service and IT infrastructure provider to the capital markets industry, reports that Jon Lambert has been named its chief financial officer (CFO).
Lambert will “lead the firm’s strategic finance function and global financial operations, including overseeing Options’ regional finance teams in Europe, the U.S. and Asia,” according to an Options statement.
Lambert, a veteran of the infrastructure technology and financial services sector, is a former CFO for both Tibco Software and Wombat Financial Software, where he served from 2007 until Wombat was acquired by NYSE Euronext in 2008, Options says.
Prior to that, Lambert was senior vice president and CFO at Tibco for five years. Most recently, he was CFO of HotChalk, an education technology company, Options says.
SimCorp Names Head of ASP Division
SimCorp, a provider of investment management services for the financial services industry, reports the appointment of Thorvaldur Flemming Jensen to head its application service provider (ASP) division.
Jensen, who joined as a vice president and head of IT in 2011, becomes a member of SimCorp‘s executive management team and will report directly to the CEO.
The company notes an “uptick in the move to ASP in North America, a market that represents a large proportion of the company’s projected revenue growth, and this is also where many of its ASP experts are positioned.”
SmartStream Hires Sales Director from Duco
Reconciliation systems vendor SmartStream Technologies has hired a sales director from competitor Duco, Ben Pielow, and appointed him sales director for the U.K. and Ireland, officials say.
Pielow’s focus will be to provide the Transaction Lifecycle Management (TLM) and SmartStream Reference Data Utility (RDU) suite of solutions to clients in the U.K. and Ireland.
At Duco, Pielow was business development manager and was instrumental in the growth of the company, officials say. Prior to that post, he was at Think Investment Solutions (TIS) where, as a start-up in 2010, he helped launch and grow the business twofold.
For SmartStream, Pielow will be located in London and will report directly to Claudia Thurner, head of sales, Europe, officials say. Pielow has seven years of experience in financial technology and software.
“It is exciting to be at an organization that has invested so much in R&D over the years – this positions us well not only in the UK and Ireland, but globally,” Pielow says in a prepared statement.
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