Itiviti, a leading electronic trading platforms and connectivity solutions provider, has announced the appointment of Rob Mackay as Chief Executive Officer. Mackay, formerly Chief Operating Officer at FIS, will start his new role in April 1.
The industry veteran will bring decades of experience, including his time as Chief Operating Officer for the FIS Cross-Asset Trading & Risk business unit. Fidelity National Information Services (FIS) is one of the world’s largest provider of banking technology solutions. His previous management experience includes positions as Chief Operating Officer of Hedge Funds & Risk and Managing Director of Alternative Investments.
Per E. Larsson, Chairman of the Board, Itiviti, commented: “We are very pleased to welcome Rob Mackay as the new CEO of Itiviti. Rob has a strong track record in creating value and driving growth in finance and trading industry businesses. We are confident that his excellent sales background and solid understanding of customer needs makes him the right leader to take Itiviti to the next level, as an innovative and supportive partner to our customers.”
Rob Mackay, incoming CEO of Itiviti, said: “Itiviti is a very impressive company with a strong offering and great, dedicated people. I’m looking forward to be part of the team, contributing to its continued development and delivering the service, solutions and innovation that customers require to support their business and strategic ambitions.”
The company has recently merged with Ullink, after a year of integration ,which allowed the firm to announce updated solutions and services portfolios spanning asset classes and trading applications this year.
Guided by the vision to evolve trading for the augmented age, Itiviti is a true business partner that can change the way customers connect and trade, enabling firms to stay one step ahead and move quickly to seize opportunities in global markets and capture tomorrow.
The chief executive of the newly integrated Itiviti and ULLINK businesses, Torben Munch, has retired at the of 2018, with CPO Richard Bentley becoming the interim CEO in early 2019 during the search process for a permanent CEO. The merger formed a global capital markets technology powerhouse, representing $200 million in revenues and employing 1,000 employees. A WSJ report found that Nordic Capital, parent company of Itiviti, agreed to acquire Ullink from Hg Capital, for $650 million.
In Q4 2018, Itiviti launched a comprehensive foreign exchange trading solution designed for compliance with the latest regulatory requirements including MiFID II. The solution comes with a broad range of connectivity options to FX liquidity providers and platforms, including FIX, ITCH, OUCH, and other binary feeds. In addition, it features algorithmic trading, distribution service, order and pre-trade risk, and a liquidity aggregation service which allows for mixing, of different types of liquidity from multiple sources.
