Vol 4 No 27
HUMAN FACTORS
HUMAN FACTORS
FX PLATFORMS ANNOUNCE KEY HIRES AHEAD OF LAUNCH
With just weeks to go before the full launch of multi-bank trading portals Atriax and Fxall, both systems announced key hires to their management teams last week. In early May, John Wareham will join Atriax in London as chief operating officer, reporting to chief executive officer Dan Morehead. Wareham joins Atriax from Merrill Lynch in London, where he was head of international foreign exchange.
Additionally, Fxall has named Jack Lemonik as chief technology officer in New York. Lemonik joins Fxall on May 1 from e-commerce solutions provider Crossmar in New York, where he was vice president of product development and chief technologist. Lemonik will focus on "building a strong technology and product development team" to be managed from New York, with some staff based in London.
Atriax, with 65 member banks and 23 members to its customer advisory board, will launch full trading in June. Fxall is currently testing its trading system with several banks and expects to go live within the next few weeks.
EVOLUTION NAMES THREE SENIOR MANAGERS
Evolution, a London-based technology consultancy for the financial industry, has appointed Richard Hall as chief technology strategist and Larry Wood and Craig Heimark as non-executive directors. Hall joins from Monis, where he was chief technology officer with responsibility for delivering quantitative analytics and trading tools to buy- and sell-side firms. He was also a founding member of Algorithmics in London. Wood spent four years heading one of the teams establishing the Liffe market, then moved to Goldman Sachs as executive director and vice president. Prior to joining Evolution, Heimark was managing director of Hawthorne Group, an advisory firm specializing in consulting to high-growth IT companies.
INTAMISSION SELECTS HOLLAND AS VP OF BUSINESS DEVELOPMENT
Intamission has selected Simon Holland as vice president of business development. Holland joins from Hitachi Internetworking, where he was head of business development for Europe, the Middle East and Africa, as well as Asia. There, he was responsible for the launch of the Hitachi Networking solutions to telecommunications operators in Europe and the Far East.
ROSETTANET ‘BORROWS’ TIBCO’S PRINCIPAL ARCHITECT
Tibco Software announced that Rosettanet is borrowing Arvola Chan, the firm’s principal architect, to lead Rosettanet’s architecture team in charge of developing a convergence strategy around universal messaging services. Based on the ebXML initiative, Rosettanet plans to achieve interoperability across multiple industries by creating a single messaging service standard that can be used universally, regardless of industry or geography. Rosettanet chose Chan for his current specialization in the interoperable implementation of e-commerce standards for Tibco. Since joining Tibco, Chan has focused on the integration of database and distributed transaction technology with Tibco’s information bus technology. Prior to Tibco, Chan worked at Computer Corporation of America, Ashton-Tate, Versant and Tibco’s precursor, Teknekron Software Systems, which he joined in 1993.
STATE STREET GLOBAL LINK PROMOTES MOORE TO MD
State Street Corp. has promoted Alan Moore, senior vice president, to managing director responsible for the European client services group of Global Link. Based in London, Moore will report to Stephen Smit, managing director and head of Global Link for Europe. Moore’s responsibilities will include overseeing the account management program for all European Global Link clients and managing the relationships with the sell-side institutions on the platform.
FUTURE DYNAMICS CHOOSES BUSINESS DEVELOPMENT MANAGER
Future Dynamics has chosen James Brown as business development manger. Prior to Future Dynamics, Brown was international sales director for Iris Investment Support Systems, a Dutch-based ISV. Prior to that, Brown worked at the OM London Exchange for over ten years, most recently as manager of sales and marketing.
MORGAN STANLEY TO LAY OFF 1,500
Following a steep decline in first quarter profits, Morgan Stanley Dean Witter & Co. announced plans to layoff 1,500 employees. Morgan Stanley plans to cut jobs in the securities and investment management units through a combination of early retirements and layoffs. Some positions in Europe and Asia will be eliminated, but most layoffs will occur in the US.
SPIRITSOFT NAMES KINNEY VP OF BUSINESS DEVELOPMENT
Spiritsoft has named Tom Kinney as vice president of business development for the Americas. Kinney will be responsible for heading the new North American headquarters near Boston and staffing a customer support center. Prior to joining Spiritsoft, Kinney was director of Invesys.
