PrimeXM CEO Cristian Vlasceanu Leaves After Organizational Restructuring, Founder Clive Diethelm Steps in

restructuringPrimeXM, the pioneer in technology solutions for the finance industry is going through a restructuring process of its business operations and had made some major changes to personnel.

The company has relieved its current CEO Cristian Vlasceanu from his role in December and PrimeXM’s founder, Clive Diethelm, has stepped in to take his place. While speaking to FinanceMagnates, Diethelm said:

“We’d like to thank Cristian for his time with us and wish him the best for the future. Looking forward, we have built up a strong base of operations in Cyprus and are making a lot of headway in China.”

Cristian Vlasceanu was appointed as CEO in February 2016, and under him, the company has expanded tremendously into China and has set up offices in Shanghai and also has an office in Shenzhen. The company is also increasing support staff for its Chinese clients.

In 2018, the company moved its headquarters to a new office in Cyprus and centralised its development team there. Alongside, PrimeXM also managed to secure two important audits the ISAE 3000 third-party assurance standard and the Penetration and Vulnerability Assessment for protection against security attacks which will be done by PwC.

George Swann, Head of Global Infrastructure at PrimeXM spoke to FinanceMagnates on the issue:

“At PrimeXM, we have always maintained the highest security throughout our operations. Hiring PwC was a further means for us to give independent assurance on our processes and controls to our customers, auditors and regulators. Just like the ISO 27001, the ISAE3000 is proof of the high quality of our services.”

Cboe Global Markets Promotes Chris Isaacson and Eric Crampton in Senior Management Team

restructuringCboe Global Markets has announced the appointment of Chris Isaacson, existing Executive Vice President and Chief Information Officer as Executive Vice President and Chief Operating Officer. Chris Isaacson takes over the chief operating role from Chris Concannon and will report to Chairman and Chief Executive Officer Ed Tilly.

The company has also promoted Eric Crampton, Senior Vice President and Global Head of Software Engineering as Senior Vice President and Chief Technology Officer. Crampton will directly report to Chris Isaacson. Both the appointments will be effective from January 14th.

Ed Tilly commented on the moves:

The role of COO is a natural progression for Chris Isaacson, given his track record of success with the company and the importance we place on leading-edge technology and relentless execution. He is widely regarded as one of the top technology and operations professionals in the industry and is uniquely qualified to lead our daily operations during this next phase of our growth.

Eric Crampton is a world-class financial technology professional who has been instrumental in the integration of Cboe and Bats. Working alongside Chris, he and his team are successfully executing our technology integration, creating a common world-class trading platform across our equities, options and futures exchanges, which when completed, will be a game-changer for Cboe and its customers. On behalf of everyone at Cboe, we congratulate Chris and Eric on their promotions and know that they will continue to deliver value to our colleagues, customers, and shareholders.