First Derivatives Revamps Kx Systems’ Executive Personnel with Key Moves

Kx Systems finds itself with a new CEO after a series of moves have shaken up its management team.

Kx Systems, a subsidiary of First Derivatives plc (LON:FDP), has appointed a number of key personnel to its management group, according to a First Derivatives statement.

Kx Systems is a provider of high-performance database and time-series analytics for the financial services industry. Per a number of recently approved moves by its Executive board, the group has opted to fortify its leadership team in a bid to enhance its sales and marketing strategy.

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First, Kx Systems’ acting Chief Executive Officer (CEO) and co-Founder, Janet Lustgarten, has been named the Chairwoman of Kx Systems, whose appointment will also see her added to the Board of Directors of First Derivatives plc at the duration of the 2015 calendar year. In her stead, First Derivatives plc has opted to appoint its own CEO, Brian Conlon, as her succession candidate.

Alternatively, Mark Sykes, one of the group’s newest executive additions, who joined Kx Systems back in July of this year, will step into the role of its Chief Operating Officer (COO). In his new role as COO, he will be tasked with Kx Systems’ day-to-day operations and global client relationships – like Ms. Lustgarten, his appointment will also see him added to the Executive Management team at First Derivatives.

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According to Ms. Lustgarten, in a recent statement on the moves, “Since becoming part of the FD Group, I have been impressed by its growth potential not only within capital markets but also within other verticals such as Oil and Gas, Pharmaceuticals and the Utilities sector.”

“I am very proud of how Arthur Whitney and I bootstrapped this company. Over the past 22 years I transitioned from entrepreneur to CEO and now feel the time is right for Brian to lead Kx. I look forward to continuing to work closely with Brian and the FD board in helping to set the group’s strategy and driving the business forward,” she noted.

“Under Janet’s leadership, Kx has become one of the most trusted brands in financial markets technology. Over 15 years, she has shown a deep commitment to the company, its clients and the wider Kx community. We are privileged to have Janet’s continuing contribution to the wider First Derivatives Group,” added Mr. Conlon in an accompanying statement.

Furthermore, “I am honoured and excited to have the opportunity to lead Kx Systems Inc. and to take our unique technology into new markets beyond Financial Services, including IoT and Streaming Analytics.”

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