Duco has made one of its most senior appointments to date, bringing in industry veteran Cristóbal Conde as its newest advisor to the CEO and board of directors. For Duco, a global provider of self-service data normalization and reconciliation services, the appointment of Mr. Conde will help drive its expansionary strategy.
Mr. Conde is a huge asset for the group. His lengthy experience in the financial services industry and notably fintech space will complement Duco’s existing board management. His career has spanned well over three decades, including twenty-four years as the President and CEO of Sungard.
Christian Nentwich, CEO of Duco, commented on the appointment: “I am very pleased that Cris has chosen to work with us. We have invested a lot of time in finding the right person to complement our board and senior management.”
In his new advisory role at Duco, Mr. Conde will explore new capabilities for the group’s self-service solution. He maintains a penchant for data and analytics, among different segments, and will be instrumental in implementing Duco’s overall strategy.
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“Cris’s experience in helping technology firms scale, and his drive for innovation in the world of data, machine learning, analytics and risk, make him a great fit for Duco as we continue with our expansion strategy. His insight, inspiration and ability to execute are all critical as we build the next generation of data platforms,” explained Mr. Nentwich.
Mr. Conde is best known for his lengthy stint at SunGard, having helped turn it into one of the largest privately held software and services company in the world. Presently, he works as an advisor and non-executive director at multiple technology firms, including Fintech Innovation Lab, Accel Partners, Digital Asset Holdings, Calastone, OpenGamma, and others.
According to Mr. Conde: “I have been involved in reconciliation for much of my career and Duco is the first credible self- service solution I have ever seen. I believe this approach will be extremely disruptive in a field that has not seen much innovation. Data and analytics are cornerstone-enabling functions where new, agile technology is rapidly changing businesses.”
“Duco offers a unique combination of passionate clients, leading products, talented people and a commitment to innovation. The company has already distinguished itself in challenging environments in some of the world’s largest financial institutions. It now has the potential to grow into a world-renowned enterprise SaaS business,” he added.
Last week, Duco unveiled a new partnership with three firms including Redburn, one of Europe’s largest independent equities brokers, and two other global banks. These groups build on a large client list that includes some of the industry’s largest players, including NEX Group and others.