People Moves: NorQuant, Tradition, Duco, HKEx, SimCorp, Hazeltree, Xceptor, Broadridge, and more

TRG Screen’s Mundell moves to startup fund analysis tool Norquant

Richard Mundell, former chief product officer and CTO at data usage monitoring and inventory management platform provider TRG Screen, has joined NorQuant Technology—the tech arm of Norwegian fund manager NorQuant Kapitalforvaltning—as chief product officer, responsible for leading product strategy for bringing the vendor’s Prisma fund analysis system to market. 

Prisma comprises sophisticated fund selection and analysis, screener, and comparison tools that can be used by portfolio managers, sales teams, and financial advisors to monitor and compare the performance of different funds by specific factors.

Mundell, who had served in various technology roles since joining TRG (then The Roberts Group) in 2003—punctuated by a two-year stint as director and head of credit technology at Markit between 2008 and 2010—was previously an assistant vice president at Credit Suisse First Boston, working on technology and market data delivery project management.

Broker data vet Everaert joins Tradition

Inter-dealer broker Tradition has hired Michel Everaert as global head of e-commerce and digitalization to lead the firm’s electronic initiatives, specifically increasing integration of multiple technologies, data science and AI into a global platform for customers.

Everaert was most recently managing director and head of Emea at CME Group, where he spent 13 years in various roles, including managing director of over-the-counter (OTC) solutions. Before that, he was CIO of Imex Group, a Quatar Investment Authority-owned investment vehicle for developing start-up financial firms and fintechs, prior to which he was CIO of e-commerce at inter-dealer broker GFI.

Duco hires Monroe as CRO

Enterprise data automation platform vendor Duco has hired Josh Monroe as chief revenue officer, responsible for overseeing global sales, account management, marketing, solution engineering, and partnerships to support the company’s accelerating growth. 

Monroe previously held the same role at technology vendor Xceptor, prior to which he served as managing director and head of Americas at Broadridge-owned Itiviti, as global head of sales at Ned Davis Research, and spent more than six years in sales roles at SunGard and then FIS.

At Duco, he reports to CEO Michael Chin.

iLex taps Tai for business development

Syndicated loans platform iLex has hired Sean Tai as head of business development, based in London, responsible for leading the development, commercialization, and adoption of the distribution platform globally. 

Previously, Tai was the founder of loan syndication and agency platform Debtdomain, which is now owned by S&P Global as a result of the start-up’s acquisition by Ipreo, where he served as an executive vice president and managing director before becoming managing director of loan platforms at IHS Markit following its acquisition of Ipreo in 2018.

HKEx names new CCO

Hong Kong Exchanges and Clearing (HKEx) has named Lilian Cheng group chief compliance officer, with responsibility for the exchange operator’s compliance function in Hong Kong and internationally, and for advancing its compliance practices.

Reporting to HKEx CEO Bonnie Chan, Cheng replaces Adam Singer, who will leave the exchange in May. Cheng is currently based in the UK and will move to Hong Kong to take up her new role. She was most recently global head of capital and behaviors at HSBC in the bank’s enterprise risk management division. She has spent a decade in various compliance and risk management, after previously holding compliance and audit roles at Goldman Sachs, EY and PwC.

SimCorp, Hazeltree hire ex-BlackRock execs

SimCorp has appointed Allen Zimmerman as managing director and head of Americas, to lead the vendor in the region, define its strategic direction and execute its growth plans in the Americas.

Zimmerman had been managing director of business development for investment management technology at BlackRock, prior to which he was a director at Barclays Investment Bank, responsible for the bank’s index, portfolio and risk solutions, and was previously a vice president at Citi, responsible for fixed-income research and sales and account management of the bank’s Yield Book fixed-income analytics platform.

Based in New York, Zimmerman reports to chief revenue officer Oliver Johnson.

Meanwhile, Hazeltree, a provider of operations technology for alternative assets, has appointed Paul Gallant as chief product officer, responsible for overseeing all of the vendor’s products, including its solutions for hedge funds, private markets, data insights, its liquidity platform, and cash and payments.

Gallant was previously head of post-trade product management at BlackRock, responsible for defining, designing and delivering middle office, accounting, client reporting, regulatory reporting, and asset servicing solutions. Before that, he was managing director of middle-office solutions at SS&C Technologies, prior to which he was managing director and global head of alternative investment operations and fund accounting at JP Morgan.

Based in New York, Gallant reports to Hazeltree CEO Stephanie Miller.

FE Fundinfo hires former Credit Suisse InvestLab CEO as CPO

Buy-side investment products data and technology provider FE Fundinfo has named Joerg Grossmann chief product officer, responsible for shaping the company’s product and distribution strategies, and enabling it to enter new markets, faster.

He was most recently an independent consultant, prior to which he was chief product officer at wealthtech platform Allfunds, and previously served as CEO and founder of open architecture investment fund platform Credit Suisse InvestLab, and spent nine years before that in senior roles at Credit Suisse.

Xceptor expands with Asia-Pacific, client success hires

Automation platform vendor Xceptor has hired Keith Man as general manager for Asia-Pacific in Singapore, and Strath Lanyon as chief client success officer in London.

Man will be responsible for growing the vendor’s sales, business development and operations in the region while also expanding into new markets and segments. He was previously head of Asia-Pacific at Duco, prior to which he was executive director and global head of collateral management at Standard Chartered Bank, and a senior account executive for the triResolve product at TriOptima. Before that, he was manager of collateral management for Asia-Pacific at the Royal Bank of Scotland.

Lanyon will be responsible for “driving client success and improving client lifetime value,” officials say. He was most recently vice president and head of cloud services, capital markets and regulatory technology at Nasdaq, which he joined as a result of the exchange’s acquisition of Adenza where he was global head of cloud services, and was global head of customer delivery at Calypso (one of the brands rolled into Adenza), where he also served in senior roles covering the Asia-Pacific region. Before that, he held senior roles at Macquarie Group in Sydney Hong Kong and London.

Appital appoints former HSBC trader to business development role

Appital, a price discovery and liquidity sourcing technology provider for asset managers, has hired John Coules to join its business development team, responsible for supporting the team with building and deepening its relationships with buy-side firms in the UK and Europe.

Coules spent the previous 17 years at HSBC as a high-touch equities sales trader, prior to which he spent 12 years as a pan-European equity sales trader at Lehman Brothers.

Kneip names new CEO …

Luxembourg-based fund data management provider Kneip has appointed Elisa Alonso Sanz as its new CEO, effective July 1, to replace Enrique Sacau, who has held the role since 2020. Sanz is currently COO of ABN Amro Investment Solutions. Before joining ABN in 2020, Sanz was senior vice president and head of control, governance and regulatory compliance at State Street, and served as chief risk officer at ABN Amro Private Banking, and as chief risk officer at Nomura.

… And so does Abacus

Abacus Group, a provider of manager services to alternative investment firms, has named Anthony D’Ambrosi as its new CEO. He replaces founder and former CEO Chris Grandi, who becomes chairman.

The moves are part of plans to accelerate the company’s growth across the financial services market globally, including through organic client expansion and targeted acquisitions.

D’Ambrosi was previously CEO and a board member of managed services and digital transformation provider ATSG, prior to which he was a strategic advisor to Datavail, and president of Bell Techlogix.

Broadridge nabs ex-Pico, ITG exec

Broadridge Financial Solutions has hired Frank Troise as president of Broadridge trading and connectivity solutions and vice chairman of Broadridge capital markets.

Troise was most recently co-CEO and board member at Pico Quantitative Trading, prior to which he served as CEO, president, and board member at ITG, was a global leader in JP Morgan’s execution services business, and held senior sales and trading roles at Barclays and Lehman Brothers.

Ray Tierney—who held these roles for the past three years following stints at Bloomberg as CEO and president of Tradebook, and at Morgan Stanley in senior sales and trading roles—will remain with the company in an advisory capacity.

Kirby returns to QuantHouse

Iress-owned low-latency data provider QuantHouse has hired Rob Kirby as head of sales and business development for Emea.

Kirby was previously director of trading and enterprise global strategic partnerships at the London Stock Exchange Group, which he joined via its acquisition of Refinitiv (formerly Thomson Reuters, prior to its spin-off to Blackstone Group and subsequent sale to the LSEG), where he spent 12 years in senior enterprise solutions sales roles. 

Before that, he served a stint at QuantHouse as business development manager between 2009 and 2011, and a prior stint at LSEG as business development manager for market data and connectivity.

BestEx taps Huck, Delmore for growth

Algorithmic trading and execution measurement solutions provider BestEx Research has hired Anthony Huck as global head of business development and Sandra Delmore as managing director of client success to support an expansion of the company into new asset classes and regions later this year.

Huck was previously head of the Americas at big xyt, prior to which he was CEO of Score Priority Group (now Lime Trading) and president and COO of Lime Brokerage. Before that, he was managing director and head of institutional sales at Citadel, managing director and head of equity execution services for the Americas at Royal Bank of Scotland, and a managing director at ITG.

Delmore will be tasked with improving customer experience, from onboarding and engagement, collecting feedback and issue resolution to overall satisfaction. She was previously director and global head of commission management services at Liquidnet, where she spent 15 years, prior to which she was vice president of operations at BNY ConvergEx Execution Solutions.

Both report to BestEx founder and CEO Hitesh Mittal.