Javier Tordable new CEO for Cinnober Financial Technology
(Thomson Reuters ONE) -
Javier Tordable has been appointed as new CEO of the leading exchange technology
provider Cinnober Financial Technology AB. Tordable has extensive experience in
international capital markets, having worked with a number of exchanges and
trading companies, including Deutsche Börse, Eurex and MTS (London Stock
Exchange Group), during his 15-year+ international career.
With a well-known brand built up over ten years and a strong 180-person
organization, Cinnober is now poised to jump to the next level. In the coming
years Cinnober aims to triple its turnover, broaden its international footprint
and take the company public.
"It is with great humility, respect and ambition that I take on the task to
further develop a great company into something even greater. I'm attracted by
the aggressive targets Cinnober has for the future, in terms of technology and
market presence as well as in financial terms," says Javier Tordable. "The
chance of being part of Cinnober and this company's extraordinary developments
is something I'm really honored and excited about."
Per-Anders Häll-Bedman, who has been Acting CEO of Cinnober since November
2011, will return to his position of Deputy CEO and assume the operational
leadership for the drive towards the new ambitious growth objectives.
"Javier stood out as a really interesting candidate early in the recruitment
process," says Nils-Robert Persson, Executive Chairman of Cinnober. "His unique
combination of financial and exchange business know-how and international
experiences with an entrepreneurial spirit, will be a major strength in enabling
us to grow our business even further. We're proud of being a Swedish-based
company, but we're a truly international organization, employing more than 20
different nationalities and from now on a Spanish CEO."
In the last one and a half years, Tordable has been leading the efforts to
establish PAVE, aiming to be Spain's first MTF, to attract international traders
and increase liquidity in Spanish equities. This venture was put on hold due to
the challenging market and harsh financial environment, not least in the Spanish
market.
Earlier Tordable spent four years in Frankfurt and London as Senior Advisor to
Deutsche Börse and Eurex for new products and market exchange acquisitions. In
North America he was involved in the a/c/e cooperation with CBOT, now part of
the CME Group. His wide experience in exchange-related startups includes leading
roles in establishing the leading Spanish CO(2) emissions exchange SENDECO2, as
well as MTS Spain, the leading Spanish government debt market owned by the
London Stock Exchange Group.
Javier Tordable achieved an Executive MBA in 2004 from IE Business School. He
also has an MSc in Banking and Finance from UPF and an Economics degree from
Barcelona University. He is currently enrolled in a Global CEO program at
Wharton.
Cinnober is the leading independent provider of marketplace and clearing
technology, delivering solutions for trading, market data distribution, market
surveillance, clearing and real-time risk management. Recently the Brazilian
giant BM&FBOVESPA chose Cinnober as its technology partner for a huge multi-
asset, post-trade and clearing project.
For further information, please contact:
Nils-Robert Persson Javier Tordable
Executive Chairman CEO
Cinnober Financial Technology Cinnober Financial Technology
Tel. +46-(0)70 552 52 28 Tel. +46-(0)70 039 64 24
About Cinnober Financial Technology AB
Cinnober provides mission-critical solutions and services to leading trading and
clearing venues. Cinnober's solutions are based on the TRADExpress(TM) Platform
incorporating everything needed for mission-critical solutions in terms of
performance, robustness and flexibility. The portfolio of offerings includes
price discovery and matching, real-time risk management, clearing and
settlement, index calculation, data distribution and surveillance. Cinnober's
customers include Alpha Trading Systems, Borsa Italiana, BM&FBOVESPA, Burgundy,
Chicago Board Options Exchange, Deutsche Börse, Eurex, Hong Kong Mercantile
Exchange, London Metal Exchange, Markit BOAT, NYSE Liffe, Stock Exchange of
Thailand and Quadriserv. For additional information, please
visitwww.cinnober.com.
Press release (pdf):
http://hugin.info/139660/R/1593186/501232.pdf
Javier Tordable (pic):
http://hugin.info/139660/R/1593186/1120312.jpg
Javier Tordable with Cinnober Personnel (pic):
http://hugin.info/139660/R/1593186/120312.jpg
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Cinnober via Thomson Reuters ONE
[HUG#1593186]
Unternehmensinformation / Kurzprofil:
Datum: 12.03.2012 - 13:49 Uhr
Sprache: Deutsch
News-ID 123847
Anzahl Zeichen: 5627
contact information:
Town:
Stockholm
Kategorie:
Business News
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"Javier Tordable new CEO for Cinnober Financial Technology"
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