By pcurley on September 22, 2009
New York, London, and San Francisco, September 22, 2009 – Paladyne Systems, Inc., a leading provider of technology and services to the global hedge fund Industry, today announced the appointment of Jonathan Cross as Managing Director of Paladyne Europe. Mr. Cross brings over 20 years of experience in the financial services industry and will be responsible for managing all aspects of Paladyne’s European business operations.
Prior to joining Paladyne, Mr. Cross was the COO of Tradar Limited, a leading supplier of portfolio management and accounting solutions, for the past ten (10) years, where he managed the day to day operations including product management, sales, client support, and professional services. Mr. Cross also has a technical background and has provided technology consulting services for a large number of major financial institutions prior to Tradar.
“We expect significant growth in the European hedge fund industry in the coming years and Paladyne is positioning to be the leading provider of hosted front-, middle- and back office solutions to this marketplace,” said Sameer Shalaby, CEO of Paladyne Systems. “Jonathan brings the leadership and industry experience to expand our presence in Europe, cultivate our existing client relationships, and to further build out our local infrastructure.”
“Paladyne has developed an extremely comprehensive suite of products and a robust ASP solution that addresses both the cost savings and operational requirements of Europe’s alternative investment marketplace,” said Jonathan Cross. “The time has never been more right for hedge funds, fund administrators, and prime brokers to leverage Paladyne’s offering to cut costs, improve operational efficiency, and mitigate risk. I am delighted to lead Paladyne’s European’s business and am excited about the opportunity to service our European clients.”
Posted in Press Releases
About Paladyne Systems
Paladyne Systems, a Broadridge Company, is the leading provider of next generation investment management solutions. Paladyne offers its integrated front-, middle- and back-office platform, known as the Paladyne Suite™, to hedge funds, asset managers, fund administrators and prime brokers. The modular Paladyne Suite™ includes order management, portfolio management, reference data management, data warehouse reporting and reconciliation and is complemented by the Paladyne Network™, which comprises a select group of preferred strategic partnerships with leading software and market data firms. The solution can be delivered onsite or via Paladyne's industry-leading application service provider solution, Paladyne ASP™. Paladyne was established in 2005 and now serves over 180 clients worldwide. The firm has approximately 165 employees, and is headquartered in New York, with regional offices in New Jersey, London, Russia and Hong Kong.
The Paladyne® Suite includes the following modules:
- Paladyne Portfolio Master™ — provides electronic trading, order management and allocation, portfolio management, real-time P&L, and strategy-based performance tracking.
- Paladyne Credit Master™ — provides loan processing and administration to fully support loan trading, analysis, reporting, and management.
- Paladyne Analytics Master™ — provides portfolio analytics, data aggregation, and custom reporting tools.
- Paladyne Security Master™ — provides a centralized terms and conditions repository and distribution engine with real-time updates and corporate action alerts.
- Paladyne Price Master™ — provides automated collection, storage, and time series analysis of prices and market data from any third-party sources.
About Broadridge
Broadridge is a technology services company focused on global capital markets. Broadridge is the market leader enabling secure and accurate processing of information for communications and securities transactions among issuers, investors and financial intermediaries. Broadridge builds the infrastructure that underpins proxy services for over 90% of public companies and mutual funds in North America; processes more than $4 trillion in fixed income and equity trades per day; and saves companies billions annually through its technology solutions. For more information about Broadridge, please visit www.broadridge.com.
