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GBST names new technology lead for its US team - Timothy Larason appointed Vice President, Head of Development for GBST’s Americas Business

GBST, a leading global provider of securities transaction and fund administration software for the financial services industry, today announced that Timothy Larason will join the company’s Americas business as Vice President, Head of Development.

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. This included contributing to the firm’s Equity Algorithm, Smart Routing and Crossing products. Mr. Larason has also held positions in software engineering and project management, building systems for Lehman Brothers and Datek/Ameritrade. In 2003, he founded and sold Al Capital, an algorithmic trading firm.

Working with a growing group of professionals in New York charged with leading GBST’s expansion in the US, Mr. Larason will report to Barry Raskin, CEO for the company’s Americas business. According to Liz Bevan incumbent CEO in the US, “We’re very excited to be adding Timothy to our team of experts. His experience working with all aspects of product development – from creation, to management, to support – will be invaluable not only in helping us identify the technology needs of our key prospects here in the US, but also in moving our products from strategy to market quickly and seamlessly.”

Mr. Larason says GBST is just the kind of forward-thinking company he wants to be a part of. “I love the industry, but there aren’t a lot of new companies coming into the space,” he explains. “Since I’m an entrepreneur at heart I’m always looking toward what’s next. In my opinion, GBST is it. They have a desire to innovate and a desire to build, and I’m thrilled to joining the team.”

Ms. Bevan adds, “We’re embarking on quite a heavy period of product development here in the US, and Timothy’s proven ability to manage teams and projects here in the US as well as remotely in Australia and other locations will be key to our success in creating the products and functionality our clients want and need.”