Dr Michael Aitken, Chairman of Smarts Group, says the new appointments are planned to coincide with a significant increase in SMARTSâ product range:
"At a time when we are also significantly expanding our product range with SMARTSOnline (our fully outsourced surveillance service) it is appropriate we also strengthen our human capital resources. Thomas Jones has unparalleled experience in the domain being a co-founder of SMARTS and having spent the last five years working with SMARTS major clients (LSE, SWX and OMX) in Europe.
Magnus Almqvist is the third in a series of new senior management appointments who bring a carefully chosen array of external management experience to the SMARTS Group.
As Smarts Groupâs CEO, Thomas is responsible for global business strategy, ensuring that the firmâs ongoing restructuring, research and development is aligned with customer needs and the companyâs technological strategy. He says:
âIn recent years, our customer needs have changed. While our functional and surveillance expertise remains prized, our focus is increasingly on operational stability and high performance to handle realtime surveillance of ultra high trading volumes. Being a key supplier to the daily operations of stock exchanges requires both an in-depth understanding of the business processes of our customers and the ability to predictably deliver the systems and services to support those processes and other customer projects.
Going forward, Smarts Groupâs deep understanding of her clients' needs gives us the ability to anticipate market requirements and lead with product development.
We will continue to enhance the SMARTS platform to deliver greater efficiencies in the areas of market supervision and oversight for financial institutions worldwide. In a cross-market cross-border world, our system offers a standard that facilitates information sharing at a technological level.
The SMARTS name is a well established brand in the global financial market, I look forward to building stronger brand equity amongst our existing and new accounts.â
Magnus Almqvist has been appointed General Manager Europe and will be responsible for the operations in Europe and the Middle East, particularly the support and maintenance delivered to existing clients and new sales.
âSMARTS is in a very interesting space with a very strong market leading surveillance product with an impressive array of clients including many Tier 1 exchanges in Europe. I am thrilled at the opportunity to further strengthen the presence in the region by ensuring we provide a world class support working closely with our customers whilst continuing increasing the customer base".
Smarts Groupâs executive management team today consists of Thomas Jones (CEO), Murray McInnes (CFO), Stuart Frith (Global Head of Customer Services), Magnus Almqvist (General Manager Europe) and Audris Siow (Head of Business Development).
Both the new CEO and General Manager Europe appointments are effective immediately.