GBST, a leading global provider of securities transaction and fund administration software for the financial services industry, today announced that Michael Vellecca has been appointed Vice President, Head of Account Management for the company’s Americas business.
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 – building a team of more than 20 relationship managers and growing the customer base tenfold in the first two years. Mr. Vellecca also served as Vice President – Bank/Broker Dealer Client Relationship Sales at Broadridge Financial Solutions where he was responsible for bringing new clients on board with the company’s back-office platform and BPO. Most recently, he worked as an independent consultant helping companies enhance market penetration and sales strategies.
Based in New York, Mr. Vellecca will report to Barry Raskin, CEO of GBST’s Americas business. Incumbent US CEO, Liz Bevan, says, “Mike’s background working as both a consultant and within a corporate environment gives him a unique insight into the needs of clients from a variety of different perspectives. He has a demonstrated talent for building strong relationships and doing what’s best for his clients while also supporting the objectives of the company. We’re looking forward to seeing him put his experience to work for GBST in the Americas.”
According to Mr. Vellecca, it was clear to him that GBST was the right fit from the start. “I felt immediately that GBST had the kind of culture and vision I wanted to be a part of,” he explains. “Their platform is built on modern technology, so it’s much more flexible and will be easier for customers to use and tailor to their businesses. And although they are well established in Australia, they’re approaching the US market almost as a start-up. They’re making a real commitment here.”
“We’re thrilled to have Mike joining our team,” Ms. Bevan adds. “In addition to adding in-depth local market expertise, his enthusiasm for account management – for getting to know what’s important to each client and discovering the value we can bring – will help us successfully bridge the gap between product development and sales. He will be a real asset in helping us bring our products to market quickly, and support our clients going forward.”
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