First Derivatives strengthens board of Directors

RNS Number : 4119G

First Derivatives PLC

03 March 2015

 

3 March 2015

First Derivatives PLC

("FD" or the "Company")

First Derivatives strengthens board of directors

FD (AIM:FDP.L, ESM:FDP.I), a leading provider of software and consulting services, announces the appointment of Virginia Gambale to the Board of the Company as a Non Executive Director with immediate effect.

A U.S. citizen, Ms. Gambale has extensive experience as an enterprise technology buyer in capital markets, a technology venture capital partner and an independent director across diverse industry sectors.

Ms. Gambale is managing partner of Azimuth Partners LLC, which assists in the development of strategies for growth, innovation and international expansion. In this role she has helped to scale international businesses, including Piper Jaffray, Infonic AG, Knoa Software, Workbrain and IQ Financial Systems. Prior to forming Azimuth, she was a partner at Deutsche Bank Capital Partners. During her career, she has also held senior management positions at Merrill Lynch, Bankers Trust, Deutsche Bank and Marsh & McLennan Companies, Inc.

Ms. Gambale is currently a director of JetBlue Airways Corporation (NASDAQ: JBLU), and Dundee Global Corporation (TSX:DC.A). She is a member of the Mentor Faculty and Thesis Evaluation Board for Columbia University's Graduate Masters in Technology Leadership and a guest lecturer at Columbia University, the National Association of Corporate Directors, and the CIO Institute. She earned a B.S. degree in mathematics and computer science with a minor in business from the New York Institute of Technology.

Virginia Gambale commented: "I am delighted to join the board of First Derivatives at this exciting time for the Company. I believe that the people, assets and culture of First Derivatives will continue to drive innovation and customer satisfaction."

Seamus Keating, Chairman of FD, commented: "Virginia's breadth of market sector experience and her hands-on work helping technology companies to scale internationally will be a great asset in the current stage of FD's growth and development."

Details of directorships that Virginia Gambale, aged 55, holds, or has held in the previous five years, are given below:

Current directorships/partnerships:

JetBlue Airways Corporation

Dundee Global Corporation

Azimuth Partners LLC

Past directorships:

Piper Jaffray Companies

Knoa Software Inc.

Rev Worldwide Inc.

Remedy Analytics

Save for the declarations above there is no further information to be disclosed under Rule 17 or Schedule Two paragraph (g) of the AIM and ESM Rules for Companies.

Enquiries:

First Derivatives plc Brian Conlon, Chief Executive Officer Graham Ferguson, Finance Director Ian Mitchell, Head of Investor Relations	[phone] www.firstderivatives.com
Charles Stanley Securities (Nominated Adviser and Broker) Russell Cook Carl Holmes	[phone]
Goodbody (ESM Adviser and Broker) Linda Hickey Finbarr Griffin	[phone]
Walbrook PR Paul Cornelius/Sam Allen/Helen Cresswell	[phone] or [e-mail]

About First Derivatives

FD is a global technology provider with nearly 20 years of experience of working with some of the world's largest finance, technology and energy institutions. It holds a 65% stake in Palo Alto-based Kx Systems, developer of the world-leading database technology, kdb+. It employs over 1,200 people worldwide and has operations in London, New York, Stockholm, Singapore, Hong Kong, Sydney, Toronto, Philadelphia, Dublin and its headquarters in Newry.

For further information please visit www.firstderivatives.com.

 

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