Interactive Data Corp. said it had named Mason Slaine to serve as chairman, president and CEO of the company effective immediately. Slaine replaces Raymond D'Arcy, who will now serve as vice chairman of Interactive Data.
Slaine has held a number of executive positions at leading financial information companies over the past three decades, including service as president and CEO of Thomson Financial from 1994 to 1996 (prior to the merger between Thomson and Reuters), and CEO of Information Holdings, an electronic publisher in the intellectual property, science and health care fields from 1996 to 2004.
Slaine is currently chairman of MLM Information Services, a vendor of corporate tax compliance software and services, which he founded in 2005 with Warburg Pincus. Slaine was president and CEO of Investment Dealers' Digest (the founding parent company of Wall Street Computer Review (which became Wall Street & Technology) until its acquisition by Extel Financial, a predecessor to Interactive Data.
In the release Slaine commented: "I will focus on operating our business efficiently and dedicating resources to strengthening our technology infrastructure. This will empower Interactive Data to help ensure the continued reliable delivery of our services that are used every day by thousands of global clients, while also speeding time to market for new, innovative products and services."
D'Arcy will serve as a senior advisor for Interactive Data's major client accounts sand provide strategic guidance about the company's business operations to Slain and Interactive Data's board of directors. D'Arcy will remain on the Board and plans to work closely with Slaine to ensure a smooth transition.
The company is headquartered in Bedford, Mass., and has over 2,400 employees in offices worldwide. Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio