Barry Raskin appointed CEO of GBST Americas Business
New York, NY (March 3, 2015) — GBST, a leading global provider of securities transaction and fund administration software for the financial services industry, today announced that Barry Raskin has been named CEO for the company’s Americas business.
Mr. Raskin joins GBST after nearly 30 years with SIX Financial Information USA (formerly Telekurs USA), a premier supplier of global securities pricing and reference data. Mr. Raskin helped establish SIX in the US in 1987, serving as CFO and Secretary prior to becoming Managing Director in 1995. Under his leadership, the company focused on customers’ needs and improved data accessibility, resulting in significantly increased market penetration, revenue and profitability as well as an enhanced reputation for quality, reliability and comprehensive coverage.
Based in New York, Mr. Raskin will report to Group CEO Stephen Lake and work directly with the incumbent Liz Bevan to transition into the role with overall responsibility for the North American business. “We are thrilled to be welcoming Barry to our Americas team,” says Mr. Lake. “As a highly regarded professional known in the industry for establishing strong and lasting client relationships, Barry has an extensive network of contacts. His years with SIX have also shown him to be an exemplary innovator, something we value greatly at GBST.”
According to Mr. Lake, a critical part of this success rests on bringing local, industry expertise onto the team. “In all new markets we enter, we initially resource from our other locations and then transition to local management and resources. That is what we’re doing here in the US, and the appointment of Barry and other key hires is an important step in that process.”
In addition to Mr. Raskin, GBST is also adding Timothy Larason as Vice President, Head of Development, Americas and Mike Vellecca as Vice President, Head of Account Management.
With 16 years of experience in financial services technology, Mr. Larason brings with him a unique depth of knowledge in electronic trading and high volume information systems. Prior to joining GBST, he served as Director of Technology at Barclays Capital where he oversaw the US Electronic Trading Technology division. Mr. Larason has also held positions in software engineering and project management, building systems for Lehman Brothers and Datek/Ameritrade.
Mr. Vellecca brings with him 20 years of experience working in various account management, marketing and sales roles with a particular focus in financial services. He started his career with Depository Trust & Clearing Corp., where he successfully created a global relationship management and implementation team and grew the company’s customer access products. He was also instrumental in setting up the company’s OTC Derivatives processing business subsidiary
“We are very excited to be announcing these appointments as they will add in-depth local market expertise,” says Mr. Lake. “We are anticipating significant growth in our US business over the next few years, and the new team will be critical to ensuring our success.”
GBST (ASX: GBT), provides global technology services to the financial services industry, addressing our clients’ constant needs for innovation, competitiveness and responsive IT that truly enables business. Listed on the Australian Securities Exchange, GBST has offices in Brisbane and throughout Australia, London and New York as well as operations in Hong Kong, Singapore and Vietnam.
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