Appointment of President, U.S

RNS Number : 2875N

First Derivatives PLC

09 June 2010

 



9 June 2010

First Derivatives plc

("First Derivatives" or "the Company")

Appointment of President of U.S. Operations

First Derivatives plc (AIM: FDP.L, ESM: GYQ.I), a leading provider of software and consulting services to global investment banks and hedge funds, announces the appointment of Dale Richards as President and member of the Board of Directors of First Derivatives, U.S. Inc., its American operation.

Mr. Richards joins First Derivatives as an industry leader in capital markets consulting, and has a 25 year history of success in the software sector and the data/information industry. Previous positions include Chief Data Officer, President Enterprise Data Management (EDM) & Executive Vice President of Corporate Business Development at SunGard, where he was also one of the three founding members of the EDM Council. Prior to SunGard he was President & CEO FAME Information Services, a leading global software and managed data services vendor in Energy and Financial markets. Before FAME, he was Founder, President & CEO of Benton Associates, a global consulting, software solutions, data management and quantitative analytics company acquired by FAME.

Additionally, Mr. Richards has held senior product and client-facing positions with Algorithmics, Reuters and Interactive Data and holds an Honours BA from the Richard Ivey School of Business, University of Western Ontario.

In conjunction with this appointment, LakeFront Data Ventures, a boutique data management company founded by Mr. Richards which provides consultancy and strategic advisory services, will become a strategic partner with First Derivatives. Mr. Richards will remain on the board of LakeFront.

Brian Conlon, CEO of First Derivatives plc, commented, "We are very pleased to have Dale joining the First Derivatives Group. He is a creative and proven leader in capital markets consulting, data and software and his extensive experience across our portfolio of offerings will help drive our continued growth."

Dale Richards, President of U.S. Operations, added, "I am delighted to be joining First Derivatives at this stage in the Company's development. First Derivatives is strategically very well positioned and it is a tremendously exciting time for the Company. The management team, talent and software are blue chip and poised for success."

Enquiries:

First Derivatives plc	Tel.       [phone]
Brian Conlon, Managing Director
Graham Ferguson, Finance Director
Charles Stanley Securities	Tel.       [phone]
Nominated Advisor
Russell Cook
Carl Holmes
Goodbody Stockbrokers	Tel.       [phone]
IEX Advisor
Diane Hodgson
Linda Hickey
Finbarr Griffin
ICIS Limited	Tel.       [phone]
Financial PR
Tom Moriarty
Caroline Evans-Jones
Fiona Conroy
Stakeholder Communications PR - Ireland Carl Whyte John Hart	Tel.        + 44 (0) 2890 339949

About First Derivatives

First Derivatives is a global provider of products and services to the financial services industry. With almost 15 years experience working with leading financial institutions, it continues to deliver technologically advanced, award winning products and services that anticipate and respond to the evolving needs of global capital markets.

First Derivatives currently employs over 450 people worldwide and counts many of the world's top investment banks, brokers and hedge funds as its customers. It has operations in London, New York, Stockholm, Shanghai, Singapore, Toronto, Sydney, Dublin, Newry and Hong Kong.

Delta is a comprehensive suite of high performance real-time trading, risk management and enterprise market data products. Flagship trading products include Delta Algo and Delta Stream which are used in high volume, low latency environments while Delta Replayand Backtest are the products of choice in the hunt for profitable strategies and post trade

analysis.

For further information please visit www.firstderivatives.com

 

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