PEOPLE MOVES
The global head of trading at Franklin
Templeton Investments has departed after
two decades to work a with trading perfor-
mance analytics firm. Bill Stephenson joins
FundSeeder as chief strategy officer as the
firm looks to disrupt the buy-side community
by sourcing and distributing trading talent.
One of JP Morgan’s top technologists has left
to join analytics FinTech firm FactSet as chief
technology and product officer in a newly
created role. Gene Fernandez moved after 10
years at JP Morgan in various senior technology
positions, most recently as chief technolo-
gy officer for new product development.
Christopher Rollins, managing director and
co-head of European execution services at
Goldman Sachs, has departed for a role with
BTIG. He will assume the role of head of US ex-
ecution services in New York, reporting to Rich-
ard Blank, head of global equities at the firm.
Instinet has appointed a new head of
international electronic sales as the firm
looks to expand its algorithmic and electron-
ic trading business in the US. Greg Treacy
joins Instinet from Deutsche Bank where he
was a director for global execution services,
overseeing electronic trading and relationship
management for the bank’s US clients.
The former head of global markets at
Bloomberg has joined a Toronto-based fixed
income trading platform start up to lead its
expansion into the US. George Harrington
joins Overbond as head of US business
development, based in New York, as the
platform is rolled out to more than 5,000
new US clients. He most recently oversaw
global business development at Eris Ex-
change, and prior to that oversaw Bloomberg’s
fixed income, currencies and commodities
sales and product teams for 10 years.
8
TheTrade
Winter 2017
TECHNOLOGY
Itiviti and ULLINK announce
tie-up to form $200m tech
powerhouse
Combined entity will create a firm with
$200 million in revenues and 1,000 em-
ployees globally.
T
rading software providers Itiviti and ULLINK have
confirmed plans to merge as they look to form a glob-
al capital markets technology powerhouse.
The combined entity will create a firm with more than
$200 million in revenues, 1,000 employees and a local
market presence in all major markets in Europe, Asia and
the Americas.
Both firms said the combined product portfolio would
also support the complete order cycle across all assets,
making it a “powerful partner” for its existing and new
client base.
Torben Munch, CEO of Itiviti, explained the merger
would look to bring together a pool of talented people
with in-depth industry experience and technological
expertise.
“In a world with increasing regulatory pressure and
changing market structures the combined entity would
become the reliable and long-term partner our clients can
depend on.
“It is our goal to make the combined company the
undisputed technological leader in our industry,” Munch
said.
Didier Bouillard, CEO of ULLINK, commented the
firm’s high and low touch order management systems
alongside its NYFIX network will complement Itiviti’s
services.
“The proposed combination of ULLINK and Itiviti
would create a world-leader in capital markets technolo-
gies and services,” he added.
The merger is subject to consultation of the French
works council and antitrust and regulatory approval.