Share page with AddThis

News

Broadridge hires fintech veteran for front-office offering

HiredBroadridge Financial has hired former Bloomberg executive Ray Tierney to spearhead its front office technology offering.

Tierney has been appointed as president of Itiviti, the electronic trading platform which Broadridge acquired in a $2.5 billion (€2.09 billion) deal in May.

In his role, Tierney will be responsible for growing Broadridge’s front office order and execution management systems and connectivity products.

According to Broadridge chief executive Tim Gokey, the hiring is an important step in growing the company’s “capital markets franchise” and capitalising on the “significant opportunity to serve our clients’ full trade life cycle from order to settlement”.

Tierney was previously global CEO of trading solutions at Bloomberg and alaos CEO and president of Bloomberg Tradebook.

Rob Mackay, CEO of Itiviti since 2019, will assume a role of senior advisor.

© 2021 fundsTech

Most read features

Cryptocurrencies: Solving crypto’s sustainability problem

Cryptocurrencies like bitcoin have a huge carbon footprint but, as Nicholas Pratt discovers, environmentally friendly alternatives exist.

Roundtable: The digital transformation opportunity

The funds industry is looking at adopting new types of technology, from automation to ESG reporting, blockchain and tokenisation. A FundsTech roundtable in March explored how these will revolutionise the sector.

Proxy voting: Making every vote count

With stewardship more important than ever and digital technology to the fore, surely it is time to solve the problem of proxy voting? Nicholas Pratt investigates.

Interview: Rise of the robo-adviser

FundsTech talks to Nutmeg’s CTO, Matt Gatrell, about the role of technology in its online offering.

Regulation: Panel calls for simplicity in ESG reporting

The industry accepts the need for more rigour in ESG fund reporting, but the work will be pointless if investors don’t understand the end result. Nicholas Pratt reports.

Sponsored Profiles

Data consolidation takes centre stage in asset management M&A

MergersConsolidation between asset management firms is overwhelmingly expected to increase. Operational challenges remain thanks to legacy systems. But in a recent...

Are you being microserved?

As asset managers grapple with new digital technology, FundsTech talks to Calastone’s Adam Belding about the importance of software architecture and the benefits...

Sponsored profile: A question of trust

AcrobatsAs more firms adopt agile software development practices, Petra Roche of Metrosoft explains why trust is so important in making agility work.

Sponsored feature: Compliance and the case for agility

CheetahFundsTech talks to Janusz Lorenc, CEO of Metrosoft, about asset managers’ approach to compliance risk and the case for agile software development.