Xtrakter, a provider of capital markets data, operational risk management, trade matching and regulatory reporting services, has announced a raft of changes to its leadership team.
From January 2010, Yannic Weber will take over as CEO from Kevin Milne, who has decided to step down to pursue other interests.
Weber is also CEO of post-trade services provider Euroclear UK and Ireland and EMXCo, an electronic messaging solutions for automating fund transactions owned by Euroclear. The pan-European settlement provider agreed to buy Xtrakter from the International Capital Market Association in November last year.
Chris Spires will step down as Xtrakter’s chief financial officer to join the Euroclear group’s finance division, Graeme Austin, director of product management and marketing, will also assume the role of chief analytics officer, and Jason Wright, head of product management at Euroclear UK and Ireland, will incorporate responsibility for Xtrakter’s product and service developments.
“We are very excited to begin this new phase in Xtrakter’s development as part of the Euroclear group. Kevin and his leadership team have achieved success in transforming Xtrakter from a market services division within a trade association into a world-class fixed income service provider,” commented Tim May, chairman, Xtrakter, in a statement. “We wish Kevin all the best and look forward to delivering more client benefits under the new leadership team.”
Xtrakter was formed in 1985.