Olmstead Associates, a leading consulting and professional development firm providing services to the securities industry, is pleased to announce that Stephen Alepa has acquired the company and will become its Chairman and CEO.
Philip Sindel will continue in his role as President, guiding Olmstead’s day-to-day activities.
Mr. Alepa brings 25+ years as a management consultant and financial technology executive, helping global financial markets firms of all sizes define and achieve their business objectives. He has held senior roles at Andersen Consulting (now Accenture), Coopers & Lybrand, and Arthur Andersen, where he was the partner-in-charge of the New England financial markets consulting practice. Prior to Olmstead, Mr. Alepa, a CFA® charterholder, held leadership positions at trading pioneers ITG and Macgregor. There he architected and ran the ITG Net business unit, the market leading electronic trading and trade processing network, building it to a community of over 800 buy-sides, sell-sides, custodian banks, and industry utilities.
"We have known Stephen and worked with him side by side through the years, and I am excited for what we will gain from his leadership, vision, and network," commented Mr. Sindel. Added Mr. Alepa, "I look forward to working with a great team to sustain all that is good about Olmstead and to further leverage our project execution core competency to capitalize on the attractive growth opportunities that lie before us."
Olmstead Associates is in its 20th year servicing the industry. Commented Alepa, “Market perception of Olmstead is one of a focused high-end staffing solutions provider and a securities industry training firm. As a former client I know we do those well, but a quiet reality is that a rapidly growing component of our business is strategically collaborating with our clients on large, complex, mission critical projects like M&A integration, enterprise technology transformation, and large client onboarding.”
In the face of significant pressures that include increased regulation, cost pressures and rapidly evolving technological and service model landscapes, Olmstead's seasoned professionals help industry firms navigate these challenges. “I look forward to working with our clients to further understand their specific needs and help them buy down execution risk and improve time-to-revenue in this fluid environment,” commented Mr. Alepa.