Fidessa, DST strengthen management teams

Two specialist trading and investment management technology providers have announced senior management hires.
By None

Two specialist trading and investment management technology providers have announced senior management hires.

Buy- and sell-side trading and connectivity technology provider Fidessa has appointed Jean-Pierre Baron as managing director of its Asia-Pacific (ex-Japan) operations. Based at the firm’s Asia headquarters in Hong Kong, Baron reports to chief executive Chris Aspinwall.

Baron, who founded technology provider GL Trade’s Asian operations and headed its trading solutions business in the region for a decade, will focus on expanding Fidessa’s client base and operations across Asia-Pacific. “With JP’s extensive experience of growing businesses in Asia and his insight into the trading marketplace that exists there, we believe that the combined team can drive our established Asian business forward and further develop Fidessa’s footprint across the region,” said Aspinwall.

Fidessa provides multi-asset trading, portfolio analysis, decision support, compliance, market data and connectivity solutions for a wide rage of financial market participants globally.

Meanwhile, technology group DST Global Solutions has unveiled Arun Sarwal as chief executive of its investment management solutions business.

Having advised DST on its restructuring into three business divisions – investment management solutions, business process solutions and customer lifecycle management – Sarwal will head a business comprising 800 employees across 16 locations with responsibility for solutions strategy, application development and delivery, client support and consulting services.

DST’s chief executive, Tom Abraham, said, “We are determined to work proactively with our clients to focus on their issues and provide broad-ranging, relevant solutions. Those that have worked with Arun will be aware of his industry pace-setting track record in innovation and developing business relationships.”

Sarwal has 25 years’ global financial services experience and was most recently chief operating officer at Scottish Widows Investment Partnership. He has also worked in senior management positions with ABN AMRO, Société Generale and KPMG.