Senior Information Technology Executive or Chief Technology Officer
Successful in adding substantional business value and achieving cost savings.
EXPERIENCE
Major Financial Institution, Princeton, NJ 1999-2005
First Vice President (Managing Director)
Investment & Operations Technology
Director of Investment & Operations technology partnering with business executive management to set technology priorities and strategy. Managed 100+ staff and budgets of $10-$40 million for all aspects of front office, global risk, portfolio performance, middle office, back office operations and production support.
Directly contributed to the following business metrics improvements:
Pre-Tax Pre-tax % AUM in AUM
Margins Profits Lipper Top 50%
--------------------------------------------------
1999 12.2% $149MM 44% $349B
2005 430.3% $489MM 70% $474B
Achievements include :
• Lead reengineering of aging investment & operations platform providing pre & post-trade compliance, portfolio vs. benchmark analysis, executive reporting, volume insensitive trading and proprietary model such as “distance-to-default”. Enabled business to absorb 10X increase in transaction volume while realizing 30% savings in operational costs. Helped MLIM avoid supervisory and compliance issues which plagued competitors.
• Engineered Global Risk & Performance Platform providing visibility of Key Performance Indicators used to manage a diverse global portfolio base. Creation of a central technology utility saved $5 million in development costs and $2 million in annual support costs.
• Yielded $4 million in annual production support savings through separation of development and support. Transformation allowed off shoring of support functions and led to formation of strategic resource team. Team optimized the use of internal, on-shore and offshore resources saving an annual $10 million in development costs.
• Lead technology effort for $100MM sale of Merrill Lynch’s mutual fund performance business to State Street. A member of executive board responsible for all aspects of sale.
• Incubated and lead the construction of a global research platform, “Bulls Eye”, which was featured in Merrill Lynch’s Annual report, MLIM’s marketing material and identified as a competitive advantage within trade journals and financial analyst’s reports.
• Increased business satisfaction by 40% with an educational program called the “Industry Intelligence Initiative” designed to increase technology staff awareness of business challenges and competitive solutions.
Major Financial Institution, New York, NY 1996-1999
Chief Technology Officer
Global Investment Management Technology
CTO supervising staff of 100+ with a technology budget of $40 million. Institutional Asset Manager with over $350 billion in assets using an array of passively and actively managed investment products. Responsible for 100+ staff with a technology budget of $30 million. Member of executive committee for technology strategy. Supported trading analytics, market & credit risk, compliance, order management & processing, client reporting, and operational activities. Supported array of financial instruments including equity, fixed income, futures, options, stable value and derivative products.
Achievements include:
• Helped to increase institutional sales by 20% through the implementation of a Client Reporting Portal that enabled on-line access of portfolio information to clients.
• Enabled leadership in Equity Passive Management business with the construction of a volume insensitive transaction-processing platform capable of processing 100,000 transactions daily for use during yearly Russell Rebalance.
• Decreased annual operational costs by $2MM with the design and implementation of a trade communication hub.
• Decreased technology budget by $5MM while maintaing existing service levels through the elimination of inaccurate charge backs, optimization of staff resources and the utilization of services available from other corporate divisions.
• Enhanced institutional product marketing with the creation of a robust daily compliance environment.
• Enabled launch of first Stable Value Mutual Fund with the creation of a Stable Value Portfolio Management Platform.
• Creation of Project Office to assist in managing $40MM budget, and provide governance for planning, project tracking & senior management reporting
Major Financial Institution, New York, NY 1994-1996
Vice-President
Manager of Global Credit Risk Systems
Department manager for the development of a Global Credit Risk Management system. Managed global staff of 60 with budget of $15MM. Multi-site project addressed requirements in the following locations: London, New York, Hong Kong, Tokyo & Singapore. System solves environment deficiencies with the consolidation of activity, product, price and customer databases
Accomplishments:
• Created global technology team and management framework to address business needs.
• Designed & implemented global credit risk data warehouse to gather firm transactional and position data for credit risk analysis.
• Addressed European regulatory requirements to review credit risk daily.
Major Financial Institution New York, NY 1993-1994
Vice President of Development Services & Product Offering Sys
Managed infrastructure team responsible for maintaining consistency and clarity in development of distributed systems for Debt Market Technology. Responsibilities include management of department software reuse, construction of security analytics software, establishment of software development practices and policies, investigations into emerging technologies and the introduction of object-oriented analysis, design and programming techniques.
Managed the architecture and implementation of a central product offering system. System centralizes the management of company wide product offerings for dealer, institutional and retail sales arenas. Offering system was a central repository of all products offered by Merrill Lynch traders and distributed these offerings to a wide variety of offering presentation systems such as Bloomberg and BondNet. Object oriented methodology and C++ used to implement this system. Client side interfaces for a multi-platform environment using Sun Servers and Sybase databases.
Major Financial Institution New York, NY 1987-1993
Vice President
Manager of Finance Desk Automation 1989-1993
Department manager for the development of state of the art cash based front-office-financing system. Responsibilities include design, scheduling, hiring, budgeting, priority assessment and the management of day-to-day team activities. System functionality includes the real-time capture of reverse/repurchase agreements for the Mortgaged-Backed, Government, Canadian, and Whole Loan financing areas. Trading desks included Overnight, Specials and Matched-Book businesses. System absorbed increases of over 35 billion in total trading dollar volume.
Accomplishments include.
• Allowed 10X increase of finance capabilities ($3B to 30B)
• Reduced staffing needs by 20 ($2.5MM) with the implementation of system to automate allocation of overnight finance contracts and quick system navigation through voice recognition.
• Enabled operational annual profit of $2MM with the implementation of a system that took advantage of MBS allocation strategies.
• Realized development savings of $13MM and annual support savings of $40MM with the formation of a Software Reuse framework.
• Pioneered the use of Object Orientation, Artificial Intelligence and Voice Recognition on Wall Street – quoted in Business Week 9/91 “Software Made Simple.”
Project Manager 1988-1989
Assistant Vice President MBS Finance Matched-Book Desk
Manager for the construction of a mortgaged-backed repo system. Front-Office system constructed to support trading activities for the MBS matched-book desk.
Modules for position management, trades capture and trade support are currently supported. System architected using object-orientation, C++, X-Windows, Sun Unix and Ingres relational databases. Responsibilities included the management of technical & business analysis activities.
Project Manager
MBS Allocation System 1987-1988
Lead architect of a performance intensive system for Lehman's mortgage-backed allocation area. System provided intelligent allocation of mortgage-backed TBAs and consisted of 40 networked SUN workstations using C, Ingres RDBMS, expert systems technology, back-office mainframe connectivity and system fault-tolerance.
Responsibilities included:
• Creation of technical architecture and supervision of business analysis
• Integration of AI module for the automatic allocation of mortgage-backed trades
• Design & implementation of trade capture and position management modules
• Evaluation and selection of hardware and software
• Design & implementation of Graphical User Interfaces
• Design & implementation of back-office mainframe connectivity
MABON NUGENT & COMPANY New York, NY 1985-1987
System Analyst/ Programmer
Responsible for the design & implementation of an on-line bond trading system consisting of a network of Intel-286 microcomputers. Evaluated Stratus fault-tolerant system for use with existing on-line trading systems in the corporate and government bond areas. Supported system needs of corporate bond desk.
EDUCATION
University Of Central Florida Orlando, Florida Graduated 8/85
BS. in Computer Science, microcomputer architecture and operating systems technology.
St. John's University Queens, New York 8/81 - 5/82
Enrolled in undergraduate Computer Science program.
COMPUTER SKILLS
• Methodologies: Object-Orientation, CORBA, UML, OMT, Booch, Structured
• Languages: C++, C, Java, Visual Basic, Smalltalk, Pascal, HTML, COBOL, Assembly, PL/M, Basic, LISP, and Postscript
• DBMS: Oracle, Sybase, MS SQL Server, INGRES
• Hardware: Sun, IBM PC, Mac, IBM 43XX
• OS: Windows NT, Solaris, SUN OS, Windows, UNIX, DOS/VSE, OS, MS-DOS, MAC
PROFESSIONAL CREDENTIALS
• Speaker for UNIX Expo 94, "Moving from C to C++, The Object-Oriented Approach"
• Speaker Object Expo 94, "Confronting the Software Crisis"
• Speaker for Centerline Software Resuse Conference 94, "Managing the Software Crisis"
• Speaker for C++ World 93, "Realities of Adopting C++"
• Speaker for UNIX Expo 93, "Moving from C to C++, The Object-Oriented Approach"
• Speaker for UNIX Expo 92, "Moving from C to C++, The Object-Oriented Approach"
• Speaker for Object World 91, "Object-Orientation in the Financial Industry"
• Publication of Paper "Realities of Adopting C++, An Object-Oriented Case Study"
REFERENCES
References include numerious senior business executives and CTOs of Fortune 500 compaines. |
