Options IT Names Former HSBC Director as Buy-Side Sales Director for North America

New York - 20 March 2012

Options IT, provider of the Options PIPE Private Financial Cloud services platform for the exchange, banking, trading and investment communities, today announced that industry veteran Callum Runcie has been appointed as the firm’s Buy-Side Sales Director for North America.

Prior to joining Options IT, Mr. Runcie was Sales Director for the Alternatives Business at HSBC Securities Services. In that role he was responsible for sales and client relationships with the firm’s hedge fund clients. Before joining HSBC, he held senior-level sales roles at both Sophis and Sungard. Prior to joining Sungard in 2005, Mr. Runcie spent more than four years as a trader at Starmark Trading Ltd.

In his new role, Mr. Runcie will oversee North American sales of Options PIPE Private Financial Cloud services to buy-side clients. Private cloud services include PIPE Velocity, an ultra-low latency market data, execution connectivity and application management service; Momentum, an on-demand application management service for the front-, middle- and back-office; and Core, a complete financial office and mobile computing delivery and support service.

“Callum’s depth of experience in the alternative investment space makes him an ideal appointment as Director of North American buy-side sales,” said Nigel Kneafsey, CEO of Options IT. “As the hedge fund sector is once again poised for rapid growth, Callum’s strength of relationships and his keen understanding of the business and technology needs of hedge fund managers will help ensure that Options IT continues to be the premier private cloud services provider to hedge fund managers.”

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