Former HSBC Executive Named Buy-Side Sales Director at Options IT

Callum Runcie, a former sales director in the Alternatives Business at HSBC Securities Services, has been named Buy-Side Sales Director for North America at Options IT, a provider of low latency market data, trade execution and fully managed application hosting services to the financial industry.

Prior to joining Options IT, Runcie was responsible for sales and client relationships with HSBC's hedge fund clients. Before joining HSBC, he held senior-level sales roles at both Sophis and Sungard.

In his role at Options IT, Runcie will oversee North American sales of Options PIPE Private Financial Cloud services to buy-side clients. Private cloud services include PIPE Velocity, a latency market data, execution connectivity and application management service; Momentum, an on-demand application management service for the front-, middle- and back-office; and Core, a financial office and mobile computing delivery and support service.

"Callum's depth of experience in the alternative investment space makes him an ideal appointment as Director of North American buy-side sales," said Nigel Kneafsey, CEO of Options IT in a press statement. "As the hedge fund sector is once again poised for rapid growth, Callum's strength of relationships and his keen understanding of the business and technology needs of hedge fund managers will help ensure that Options IT continues to be the premier private cloud services provider to hedge fund managers." Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio