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Treasury & Capital Markets / On The Move
Calastone appoints chairman
Calastone has appointed Cris Conde as the new chairman of the board. He will be taking up his post with immediate effect working closely alongside CEO Julien Hammerson to continue the growth trajectory of the business.
The Asset 17 Nov 2014

Calastone has appointed Cris Conde as the new chairman of the board. He will be taking up his post with immediate effect working closely alongside CEO Julien Hammerson to continue the growth trajectory of the business.

 

Late last year, Conde took up a seat on the Calastone board as a non-executive director, and invested in the privately held business.

 

Having spent 28 years at SunGard, Conde has a formidable track record of accelerating the growth of financial technology companies. It started in 1983, when he co-founded a financial technology software business, Devon Systems, serving the derivatives markets globally. After SunGard acquired it in 1987, he ran his business as a division of the parent company, growing it into one of the largest businesses at SunGard.

 

Following this success, Conde was subsequently promoted to run the entire SunGard business, which he took private in 2005 in a US$11.3 billion LBO transaction.

 

Conde stepped down from SunGard in May 2011, by which time the technology giant had revenues of US$5.6 billion, was ranked 380th on the Fortune 500 list and was the largest privately held business software and IT services company in the world.

 

He continues to serve as a senior member of the partnership for NYC Fund's Fintech incubator for software companies and is a senior adviser and director of several for-profit and non-profit organizations.

 

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