Portware has strengthened its foreign exchange (FX) unit with the appointment of Chris Sorensen, who joins the group as its newest FX Product Manager with immediate effect, according to a Portware statement.
Portware is a multi-asset trade automation solutions provider utilized by asset management in North America, Asia and Europe – the group utilizes artificial intelligence as well as a variety of products, services and solutions.
In his new role, Mr. Sorensen will help steer Portware’s product innovation and growth, with a specific focus on the FX space. This will include the development of the group’s execution and automation tools, catering specifically to global asset management firms.
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Last September, FactSet Research Systems Inc. (NYSE:FDS) acquired the issued and outstanding membership interests of Portware for a sum of $265 million. Following the appointment, Mr. Sorensen will be based in FactSet’s Boston office where he will partner with the existing Portware team.
Prior to joining Portware, Mr. Sorensen served as the Global Head of Strategic Alliances and Technical Account Management at FX Connect. He has also held senior level roles at State Street as its Vice President, having held the position for nearly a decade, according to information made public on his Linkedin profile.
According to Alfred Eskandar, Chief Executive Officer (CEO) of Portware, in a recent statement on the appointment: “Hiring Chris Sorensen is a testament to Portware’s continued ability to attract both premier buy-side clients and top industry talent. Chris’s appointment demonstrates Portware and FactSet’s continued commitment to building smart automation across all asset classes for the buy side, and we continue to build on our momentum by expanding our FX team with strategic hires on both the engineering and business sides.”