Corporate actions software provider Scorpeo has hired Jack McNally to serve as managing director of its new US division, and Chris Barrow as head of business development at Scorpeo’s headquarters in London, officials say.
Before joining Scorpeo McNally worked at Credit Suisse for 11 years, where he served as a managing director, and was also formerly a senior vice president at Lehman Brothers.
Barrow joins Scorpeo from HSBC, where he was a managing director and global head of sales and marketing for prime finance. He has over 20 years of experience in finance, according to a Scorpeo statement.
Scorpeo was founded by five partners – including Matt Ruoss and Jonny Ruck – who had held senior structured finance and structured arbitrage positions in sell-side institutions.
The firm is “entirely focused on corporate action products to help asset managers, custodians and beneficial realize the full potential value in corporate actions,” according to the statement, by offering solutions that aim to increase transparency and simplicity within corporate actions.
“Attracting senior professionals of the stature of Chris Barrow and Jack McNally demonstrates the momentum and ambition we have as a firm,” says Matt Ruoss, CEO of Scorpeo UK in a statement. “Chris will help us further hone our understanding of the exact needs and challenges of all parts of the investor marketplace, while Jack will drive our US growth from our new Boston office, working together with Susan Peters our Head of US Sales and Marketing.”
“Custodians and fund managers have a fiduciary duty to maximise returns for their own clients whilst minimising risk. SCORPEO helps them achieve this by maximizing revenues with full transparency throughout the process,” he adds. “Corporate Event value capture has not always attracted much attention from Investors, but it should as SCORPEO’s detailed analysis demonstrate that the missed revenues in corporate actions are worth over $1 billion annually in Europe alone.”
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