Bedford, MA – January 24, 2005 – SunGard Securities Processing, an operating group of SunGard (NYSE:SDS), announced today that Craig Schachter has joined the company as Vice President, Sales based in SunGard’s New York office located at 55 Broadway. Craig is responsible for generating new business and expanding SunGard’s global presence for its Phase3, STN Settlements, and Margin Advisor securities processing, clearance and settlement solutions.
Prior to SunGard, Craig was head of global sales and account management at corporate actions data and software provider, Xcitek, for over 10 years, during which time he managed a global sales team in 3 locations. He served on the board of the Securities Industry Association’s (SIA) Corporate Actions Division from 1996 to 2004, and was an active member in the SIA’s Securities Operations, Dividend, and Data Management Divisions. In addition, he has been a member of the International Securities Association for Institutional Trade Communication (ISITC-IOA) and the Cashier’s Association of Wall Street since 1997.
SunGard Securities Processing provides real-time, Web-enabled clearance and settlement, accounting and operations workflow solutions for broker/dealers, banks and futures brokers. Provided in an ASP environment, SunGard's straight-through processing solutions are designed to lower transaction costs, reduce risk, adapt easily to industry changes and provide a competitive advantage.
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