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Antonellis Appointed State Street CIO; Blanc Named CEO of Fimat Group; Reeve Joins Citisoft as Senior Consultant.

Antonellis Appointed State Street CIO
Joseph Antonellis was recently named chief information officer and head of information technology at State Street Corporation, a Boston-based financial-services company.

In his new role as CIO, Antonellis will manage State Street's information-technology department of over 3,000 people, focusing on the business units of asset management, investment services and trading and research. He will also oversee enterprise-wide units such as infrastructure and telecom, and daily client maintenance, including portfolio accounting and mutual-fund pricing.

Antonellis says he looks forward to continuing the current initiatives of State Street, while also pushing for growth and global expansion and emphasizing the importance of client-oriented solutions.

"We strive to be a trusted partner around the world with our major clients, and technology allows us to get there," he says.

While the size of his staff may be daunting, one of Antonellis' goals is to be more visible, making an effort to meet and work with all technology personnel. Antonellis has been with State Street since 1991 in a combination of business and technology roles, most recently as executive vice president and head of the strategy and development office.

Antonellis hopes to continue the work of his predecessor, John Fiore, who left the company to pursue external business matters. "He's spent the last 4 years creating policies that provide a great foundation for us to build upon and I want to continue that work," he says. "Quite a standard has been set for me. I want to make sure I can meet that challenge and exceed it." -JP


Blanc Named CEO of Fimat Group
Fimat Group, a global-brokerage organization that is part of Societe General Group, has appointed Patrice Blanc as chairman and chief executive officer. Blanc will be responsible for overseeing Fimat's international business and strategic development.

In his new role, Blanc will be dividing his efforts between the United States, Europe and Asia. He says he recognizes the obstacles of trying to increase productivity while also seeking globalization.

"In Europe, we've made a lot of progress in straight-through processing over the last two years, but it's not enough," he says. "We need to also do that in the U.S. The problem in the U.S. is that we're still living in the dual world of open outcry and electronic markets, making implementation of the STP process in the U.S. more difficult."

Blanc says he also plans to focus on electronic trading in the upcoming months. "Electronic trade is a constant revolution," he explains. "It's a difficult challenge because you have different providers between the U.S. and Europe, and customers want to access all products on all exchanges."

Blanc says that his biggest challenges will be building business, increasing efficiency and keeping the same level of profitability that Fimat has seen for the past few years.

An 18-year veteran of the brokerage business, Blanc recently served as president of Fimat USA. He replaces Marc Breillout, now the COO of SG.-JP


Reeve Joins Citisoft as Senior Consultant
Making a transition from the firm side to the consulting side, David Reeve has joined Citisoft as a senior consultant, where he'll work to develop the consultancy's retail-investment-management practice. Citisoft has primarily focused on the institutional side in the past, but is now looking to apply that attention to the retail side, Reeve says.

"Our objective is to use the same processes, controls, methodologies, and procedures that are already endemic in our institutional practice," he explains.

Reeve says that he will be involved in the entire client-project lifecycle, including selection of package solutions, implementation, conversion and migration.

Over the next three to four years, he says that, to help clients cut costs, the consultancy will focus on e-commerce, outsourcing and consolidation.

Reeve says he looks forward to his shift from management to consulting, where his daily tasks will include working to solve the problems of diverse clients. "I'm excited about the challenge of working for multiple organizations, adapting to those challenges and being able to offer a high level of service to them."-JP

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