First Derivatives Plc, a UK based software specialist that deals in data, trading and risk has revealed the addition of new senior level executive to its team. As per statement released by the firm, it has hired Mr. David Humphries to serve as its Chief Operating Officer effectively immediately. In his new role as COO at the firm, David is responsible for driving the firm’s operational efficiency and effectiveness the firm’s global operations across business systems, methodologies, processes and controls and will focus on aligning its operations to meet its strategy thereby aiding the firm’s on its path to achieve its growth goals. David will be serving from the firm’s head office and report directly to Mr. Seamus Keating – Chief Executive Officer at First Derivatives. Before taking up his current role at the firm, he most recently served as the Director of Finance for its Lloyds Banking Group as part of its business transformation unit.
The newly appointed executive is a seasoned veteran with 25 years of experience serving in senior level leadership and management roles in financial services industry and is an expert in Operational & Strategic Finance and M&A’s. David had been a part of Lloyds Banking Group for six and a half years during which he served as part of its IT Unit before moving on to business transformation unit all the while serving in capacity of Finance Director. It should be noted that he joined the bank as its Chief Financial Officer in October of 2012 and was promoted to role of Director of Finance shortly afterwards. Before Lloyds Bank, he served at Logica Plc for 4 years and three months during which he served in roles of Corporate Development Director, CFO – UK and VP of Commercial Finance and Contract Accounting. It should be noted that this was not his first rodeo at the firm as earlier in his career he spent more than six years in the firm serving in roles of Director of M&A/Integration and CFO – Wireless Networks Unit. Some of his other notable roles include – CFO at Axiom Systems Ltd and Director of Corporate Finance at Deloitte UK.
Speaking about David’s addition to the team, Seamus Keating – CEO said “We are excited to welcome David to the First Derivatives leadership team as our global COO. David has a wealth of experience in technology and services companies where he has developed and operationalized growth strategies while delivering efficiency and effectiveness”.
Commenting on his new role at the firm, Mr. Humphries said “It’s an exciting time to join First Derivatives. FD has a strong services and consulting heritage in the financial markets where it supports the trading, analytics and surveillance operations for the world’s leading banks. This has enabled FD to expand Kx software into other industry sectors such as automotive, high-tech manufacturing, telco and oil and gas. There is enormous growth potential as we further operationalize our strategy focused on helping businesses change the game with actionable data insights”.