Options IT Names Hedge Fund Technology Veteran as Head of Technology, Americas

New York – 10 May 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 Ian Bowell has been appointed as the firm’s new Head of Technology in the Americas.

Mr. Bowell brings nearly 25 years of experience in financial technology development, implementation and support to Options IT. In his new role he will be responsible for leading Options IT’s North American technology engineering, networking and support teams, as well as overseeing the growth of Options PIPE Private Financial Cloud services in the North American region.

Prior to joining Options IT, Mr. Bowell was the Chief Technology Officer at Fauchier Partners, a BNP Paribas investment partner and leading global funds of hedge funds based in London. While there, he oversaw a full strategic review of the fund’s technology platform, including outsourced software development and upgrade of the infrastructure for the fund, which has over USD $7 billion in assets under management.

Before joining Fauchier Partners, Mr. Bowell was Partner and co-CTO at London Diversified Fund Management (LDFM) where he spent eight years helping to grow the firm into one of Europe’s largest hedge fund managers with over $8 billion AUM at its peak. He was instrumental in ensuring the original spinoff of the trading team’s technology from JP Morgan, including a number of technology and premises relocations. Mr. Bowell also led the infrastructure integration of LDFM’s systematic fund with Brevan Howard.

Prior to LDFM, Mr. Bowell held a variety of technology roles at global firms, including, Credit Suisse, ING Baring US, and McKinsey & Co. He has held senior technology roles in the North American, Asia-Pacific and European regions.

“The years of experience and deep sector expertise on a global scale that Ian brings with him to Options IT will be a tremendous addition to our team,” said Nigel Kneafsey, CEO of Options IT. “With the financial industry, and particularly the alternative investment sector, fueling demand for private financial cloud services, Ian’s long-term understanding and strategic insight into the major financial technology trends impacting our industry will help to ensure that Options IT continues to deliver innovation and the highest level of service to our clients.”

Options PIPE Private Financial Cloud services include PIPE Velocity, an ultra-low latency market data, execution connectivity and application management service; PIPE Momentum, an on-demand application management service for the front-, middle- and back-office; and PIPE Core, a complete financial office and mobile computing delivery and support service.

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