Lucera CEO Loveless Steps Down, CTO Durkan Assumes Role

Jacob Loveless departs CEO role at Lucera to delve into Telecom Consulting.

According to updated profile information on LinkedIn, the CEO of Lucera, Jacob Loveless, has departed from his position with the company, and taken on a new role with his own consultancy firm. Lucera’s existing Chief Technology Officer (CTO) Peter Durkan has assumed the role of CEO for Lucera, also according to an updated profile description on LinkedIn. According to sources, his effective resignation date was last month, and the company is doing quite well, and Mr. Durkan was deemed very suitable for the new CEO role.

Among a number of solutions through its transcontinental fiber network, Lucera provides financial services companies with infrastructure for connectivity and software defined networks (SDNs) and with collocated centers in Chicago, London, and New York – where the company’s main office is located.

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Before departing from his role as CEO of Lucera, Mr. Loveless was previously the head of High Frequency Trading for Cantor Fitzgerald and a partner, and at the firm for nearly a decade. He has spoken publicly in the financial services space numerous times, including at events organized by Finance Magnates.

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Jacob Loveless Source: Linkedin
Jacob Loveless
Source: Linkedin

With regard to his new position as a consultant, it appears his new focus will be with large scale telecommunications (telecom) companies and with emphasis on data center, IaaS, SDN and NFV design and operation.

Apparently, skills that are cross-compatible in the technology space are becoming more intertwined as technology convergences move industries such as financial services alongside telecom.

As far as Lucera’s new CEO, Mr. Durkan has held several senior technology positions including trading roles at First Derivatives, and as Director of Technology for HFT at Cantor Fitzgerald where he was again a colleague with Mr. Loveless before joining Lucera. During his career, Mr. Durkan has been the architect and builder of several large trading and analysis platforms, according to information on his company’s website, and will now lead the company following his colleague’s departure.

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