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Xcitek: Press Releases
- Fred Falcones Joins Xcitek® as Product Specialist for XSP™
New York, NY, August 7, 2006– Xcitek, the leading global provider of market data, Corporate Actions software and consulting services, announced today that Fred Falcones has joined the company as a Product Specialist for its flagship software solution, XSP™. In this newly-created position, Falcones’ responsibilities include leading Corporate Actions processing review workshops, conducting product demonstrations of XSP and providing technical expertise to support all aspects of selling the XSP software. Additionally, Falcones will provide account relationship management support to current clients, to manage the ongoing exchange of information between the client and the Product Management and Development teams.
Based in New York, Falcones will report to Frank Piraino, Senior Vice President of XSP Client Relationship Management and Sales Operations.
"Fred’s appointment demonstrates our ongoing commitment to expand the pool of experienced professionals who bring a vast understanding of the Corporate Actions industry and superior relationship management skills for the clients we serve,” said Piraino. “Fred has a wealth of Corporate Actions knowledge, specifically in the global custody sector, and is a great addition to the Xcitek team. As with other strategic XSP new hires this year, Fred’s appointment signals our continued global growth in the automated Corporate Actions solutions marketplace."
Falcones joins Xcitek from ICS Consultants, where he was Senior Project Manager of Global Custody/Corporate Actions. In this role, he was responsible for developing relationships with sub-custodian banks in Latin America and Europe to stay current with local market practices and monitor global custody assets for institutional clients. He also conducted extensive market research of Global Proxy Data Collection and Quality Assurance in Europe, Asia/Pacific, Africa and Latin America, while developing relationships with issuers and sub-custodian banks in the top 60 markets. Prior to ICS, Falcones was Assistant Vice President of Global Custody/International Trade Settlements at Wachovia Securities, where he was responsible for providing trade advisory services to institutional trust clients. At Research Systems, Inc., Falcones worked in Global Custody/Corporate Actions managing business requirements, upgrades and conversion processes for its international Corporate Actions clients. He also held positions at Clearstream/Cedel Bank, Kidder, Peabody & Co., Inc., Goldman Sachs and Fidelity Investments.
Falcones holds a Bachelors of Science degree in Organizational Management from St. Joseph’s College.
-ENDS- - Jack McGonagle Joins Xcitek® as Channels Sales Manager for XSP™
New York, NY, June 13, 2006– Xcitek®, the leading global provider of market data, Corporate Actions software and consulting services, announced today that Jack McGonagle has joined the company as Channels Sales Manager with responsibility for managing all third-party vendor and partner relationships for its flagship software solution, XSP™. Based in New York, McGonagle will report directly to Brendan P. Farrell, Jr., Managing Partner.
"Jack’s solid track record, extensive background and contacts in the financial software industry will be key in driving XSP’s continued success,” said Farrell. “He fills a critical role in further enhancing our sales infrastructure – managing relationships with our current vendor partners while developing new alliances. XSP’s strategic partnerships with leading global providers bring together our collective expertise to deliver integrated solutions for true straight-through processing (STP) in the automation of Corporate Actions. We welcome Jack to Xcitek and look forward to his success and invaluable contributions to our growth.”
"With the addition of Jack to our global sales team, we can work more closely with our channel sales and alliance partners to address the needs of our diverse client base," said Frank Piraino, Senior Vice President of XSP Client Relationship Management and Sales Operations at Xcitek. “Jack’s extensive experience and management of XSP partners will ensure that our clients receive unparalleled service and support."
McGonagle brings 20 years of experience spanning fixed income trading, sales and marketing solutions to the financial industry as well as a military background. Most recently, McGonagle served as a Sales Director at Iris Financial. In this role, he was responsible for selling and managing sales of equity and fixed-income front-end and middle-office position, risk and allocation systems to financial services firms. Prior to this, McGonagle held individual contributor and management roles in Sales, Client Relationship Management and Quality Assurance at various software solutions providers including Aurora Software and Kestrel Technologies. He also worked at Bloomberg L.P. as a Senior Relationship Manager within the Trading Systems Group.
McGonagle is a Major in the United States Marine Corps Reserve, managing large organizations and forward deployed combat-ready teams. He holds a Master of Business Administration from Northwestern University, and an undergraduate degree from Williams College.
-ENDS- - Xcitek® Marks 20 Years of Excellence
New York, NY, June 12, 2006– Xcitek®, the leading global provider of market data, Corporate Actions software, and consulting services, today announced its 20th anniversary. This milestone year also marks the 10th anniversary of its flagship software, the market-leading Corporate Actions processing solution, XSP™.
Formed in 1986, the founding partners of Xcitek brought with them over 100 years of financial services experience including securities processing, asset servicing, market data and custody. This collective expertise enabled Xcitek to meet a critical market demand for comprehensive Corporate Actions information delivered in timely, electronic formats.
Over the past 20 years, the award-winning source for mission-critical data has been complemented with offerings such as Xcitek Cost Basis™, Xcitek Online™ and Xcitek Portfolio Reporting Service™. The latest addition to the Xcitek data product range is Xcitek Class Actions™, a service dedicated to helping financial institutions fulfill fiduciary obligations related to identifying, tracking and ultimately claiming settlements generated by Securities Class Action lawsuits.
“This Company was founded 20 years ago on the notion that there must be a better way to serve the financial community,” said Joseph M. Carvalhido, Managing Partner at Xcitek and one of the original founders. “Today we celebrate the validity of that idea, but more importantly, we take time to acknowledge the hard work of our employees who are dedicated to ‘Excellence’ in serving clients, and the loyalty of those clients. These ingredients are the recipe that has made this anniversary possible.”
In 1996, Xcitek joined forces with Solutions Plus, Inc. to deliver cost-effective automated solutions to the financial industry. Together, the pioneer supplier of the automated Corporate Actions data feed and the application software expert combined their strengths to form XcitekSolutionsPlus and launch XSP™. Today, over 50 global financial institutions utilize XSP to reduce the operational risks and costs associated with Corporate Actions processing. An ever-increasing global client base, continuous investment in research and development in a constantly evolving product and expansion into Europe and the Far East all contribute to Xcitek’s continued success.
Commenting on the XSP 10th year anniversary, Brendan P. Farrell, Jr., Managing Partner at Xcitek, said, “Over the past 10 years, Xcitek has licensed and implemented XSP at some of the world’s leading financial institutions. Our success is attributable to our intensive focus on continually upgrading the application with advancements in technology and enhancements to XSP’s feature-rich functionality. Combining this with a team of experienced professionals, we are committed to helping our clients maximize their operational efficiency. World-class service is our main priority and we look forward to continue serving our growing client base for many years to come.”
In conjunction with these significant milestones, Xcitek will be introducing its re-designed websites next week. The new Xcitek corporate website, www.xcitek.com, will serve as a portal to the individual division websites including Xcitek Market Data and XSP. The revamped XSP website is now live at www.xsp.com.
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