Reconciliation vendors Duco and Gresham are increasing their presence in North America while Eze Castle Integration has named a chief administrative officer.
Duco Establishes U.S. Subsidiary, Opens First North American Office in New York and Appoints a Chief Revenue Officer
Duco, a London-based fintech provider of hosted reconciliation services, reports that it has established a U.S. subsidiary, Duco Technology, Inc., and opened its first North American office, in midtown Manhattan.
In addition, Duco’s first New York-based hire, David Zelinger, has joined Duco Technology as managing director, Americas, and the vendor has named Emmanuel Lesur as the chief revenue officer.
Zelinger, who has been based in New York for his entire career, has spent more than 10 years “actively engaged in the evolution of derivative trade processing and risk management across a broad spectrum of market participants,” Duco says.
“Most recently, Zelinger served as director, global head of operations for Markit’s Credit Centre, where he led the launch of a high-volume credit management platform,” according to Duco. “Prior to joining Markit, he was a vice president at Deutsche Bank, managing the interest rate swaps middle office and then assuming the role of head of market initiatives for North America. During this time, he was chair of ISDA’s global rates architecture and novations working groups.”
“We have clients across the USA, with particular concentration in Chicago and New York, and approximately half our revenues come from North America,” Duco CEO and co-founder Christian Nentwich says in a statement. “Our new office will support these firms and serve as the platform for other major financial centers in the U.S. and Canada as we anticipate significant growth over the next few years.”
More New York staff will be added “over the coming months,“ the company says.
In London, Lesur as CRO will be responsible for global sales, officials say.
Lesur was previously head of sales at Milestone Group, a software solutions provider to the funds management industry, officials say. Prior to that role, he was executive vice president and global head of sales for SmartStream Technologies. In addition, from 2005 to 2012, Lesur held senior sales management roles at Thomson Reuters, in London and New York. He also worked for SunGard in the treasury and risk management division.
“Over the next 12 months, we intend to expand our sales force in Europe, build on our new North American operation out of New York and open an office in Asia. I’m honoured to play a role in the company’s strategic expansion,” Lesur said in a prepared statement.
Patrick Thornton-Smith, who previously ran sales and marketing, remains chief marketing officer, focusing now on marketing and managing key client relationships, Duco officials add.
Gresham Computing Names North American Sales Director
Damian Canning, sales director for North America, Gresham
Gresham Computing, a provider of reconciliation and enterprise data integrity solutions, has named Damian Canning sales director for North America.
Canning, who will be based in the New York City office, is responsible for continuing the “growth of Gresham’s Clareti Transaction Control (CTC) platform in North America,” Gresham says in a statement, which cites a recent deal to “implement CTC for a U.S.-based $1bn pre-paid products business.”
Canning brings 20 years of sales and marketing experience to Gresham, with a particular focus on financial technology. He joins from a similar role at CoreOne Technologies, and has held posts at such other financial technology specialists as Spigit, Capco, Experian and Traiana, Gresham says.
“Damian’s appointment comes at an exciting time in Gresham’s development,” Bill Blythe, global business development director, says in a statement. “We have seen a 247 percent increase in our software revenues for CTC in the first half of this year alone, and we see great opportunities to expand our business in North America going forward.”
In addition to new business development, sales and marketing, Canning’s mandate also will be to “support Gresham’s global clients that have a presence in North America, and [to] … work with strategic partners for Gresham in the data integrity space.”
Eze Castle Integration Names DeSousa CAO; Promotes Nolan to VP
Eze Castle Integration (ECI), a provider of IT solutions and private cloud services to the investment industry, reports that it has hired Maria
Maria DeSousa, chief administrative officer, ECI
DeSousa as its chief administrative officer.
Additionally, the company has promoted Yvonne Nolan to vice president, global finance and controller. Nolan’s tenure at Eze Castle Integration stretches more than 13 years, ECI says; her previous roles within the firm include controller and accounting manager. Nolan will now assume responsibility for global tax, audit and general finance functions.
Prior to joining ECI, DeSousa was director of finance, M&A, at Factset Research Systems, Inc., where she was responsible for pre- and post-acquisition activities, according to ECI. Before that chapter, DeSousa was vice president of finance and operations at Code:Red, an investment research software platform for financial services firms that was acquired by Factset in February 2015.
DeSousa will now lead ECI’s finance department, with responsibilities that include global finance, accounting, legal and operations functions, including the firm’s human resources division. In addition to her tours at Factset and Code:Red, DeSousa spent six years as a software development director at Eze Castle Software, now Eze Software Group.
ECI is a provider of IT solutions and private cloud services to more than 650 alternative investment firms worldwide, including more than 100 firms with $1 billion or more in assets under management, the Boston-headquartered vendor says.
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