In other People Moves news, Visible Alpha adds staff, trueEX names a swap exec, Fenics expands in New York, and Commcise debuts in Bangalore.
Peter Tierney, CEO of APAC, AxiomSL
AxiomSL, a regulatory reporting, data and risk management solutions vendor, has hired Peter Tierney away from the DTCC to be CEO of AxiomSL’s Asia Pacific (APAC) región, AxiomSL officials say.
Tierney joined the DTCC in 2013 as regional head of Asia, DTCC Deriv/Serv, the over-the-counter (OTC) trade reporting initiative, officials say. Based in Singapore, Tierney, who has more than 25 years of experience as an enterprise software executive, reports to Alexander Tsigutkin, global CEO of AxiomSl. In a statement, Tsigutkin says that Tierney will play a major role in accelerating AxiomSL’s offerings and footprint in the regulatory and risk management space in APAC.
Before joining the DTCC, Tierney was part of the executive team behind Thomson Financial ESG’s merger with the DTCC that created Omgeo, officials say. The DTCC later bought out Thomson Reuters to fully own and operate Omgeo. Tierney has also held senior level positions with extranet provider BT Radianz, and at the NYSE Technologies business where he was the Asia chief operating officer (COO).
Visible Alpha Adds to Sales Staff
Mark McNerney, head of sales, EMEA, Visible Alpha
Visible Alpha, a provider of data and research methodologies, reports two additions to its sales and relationship staff.
They are: Mark McNerney, who joins as head of sales, EMEA, and Janet Stemberger, who joins as the head of relationship management and client development.
McNerney spent three years at Fitch Solutions, where he was global head of strategic partnerships, and eight years BCA Research, where
Janet Stemberger, head of relationship management and client development, Visible Alpha
he led the EMEA institutional sales team, Visible Alpha says.
Stemberger spent six years at S&P Global and twelve years at Thomson Reuters in senior sales and global key account management posts, according to Visible Alpha.
“In addition to these new hires, Visible Alpha grew its staff nearly 30% in Q1, adding 51 new employees, and opened a new office in London to better support an increased demand for solutions that address MiFID II requirements,” the company says.
trueEX Appoints Swap Exec
Chris Yoshida, head of sales, marketing and strategy, trueEX
trueEX LLC, a swaps execution and processing firm, reports the appointment of Chris Yoshida, formerly of Deutsche Bank and Morgan Stanley, to “spearhead sales, marketing and strategy.”
An industry veteran, Yoshida is the former head of rates sales at Deutsche Bank and Morgan Stanley, the company says.
New York-based trueEX characterizes itself as the “first exchange approved by the Commodity Futures Trading Commission (CFTC) as a Designated Contract Market (DCM) for swaps.”
BGC Partners Names Two at Fenics
BGC Partners, Inc., a brokerage company for the financial and real estate markets, reports that its Fenics Market Data subsidiary is adding two to its New York-based staff.
Damien Fitzpatrick has joined BGC as the head of sales, Fenics Market Data for the Americas. He joins from ICAP, where he was most recently head of sales and business development for Asia Pacific, per BGC, which also notes that, prior to that, “he worked at Thomson Reuters in various commercial roles in New York, London and Singapore.”
Joel Machado has joined as head of business development for Latin America, BGC says, noting that he “brings over 10 years of experience in Business Development and Financial Solutions Sales for Latin America. Most recently, he led the Latin America Sales teams at Integral and EBS Brokertec, a subsidiary of NEX Group plc.”
Fenics provides “real-time, indicative, end-of-day and historical OTC market data,” BGC says, noting that its “data is sourced directly from BGC’s voice, hybrid, and fully electronic trading venues, as well as pricing analytics.”
BGC also points out that it owns several other financial-technology and real-estate-service brands, characterizing its customers as “many of the world’s largest banks, broker-dealers, investment banks, trading firms, hedge funds, governments, corporations, property owners, real estate developers, and investment firms.”
Commcise Launches Bangalore Office
Commcise, a vendor of integrated solutions for investment managers, has opened an office in Bangalore, India, officials say. The new office is “located to provide time zone advantage in serving the needs of the increasingly globalized and growing Commcise client-base,” vendor officials say.
The Bangalore office will be led by Chirag Khatter, who recently joined as global head of support. The office will assist the current European and U.S.-based resources and provide support for global implementations and onboarding, testing, development and application support services. The specialist team members previously worked with leading buy-side clients, officials say.
“Opening our office in India is an important part of our strategic plans for 2017,” says Amrish Ganatra, managing director and co-founder of Commcise, in a prepared statement. “This extends our managed services portfolio around commission reconciliation, payment monitoring and research interactions management.”
Commcise’s integrated cloud-based platform for both buy- and sell-side firms also includes broker voting, consumption tracking, and commission reporting, officials say.
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