Celoxica Holdings, a provider of low latency trading services, has appointed John Oddie to the board as non-executive director and to take on the role of acting chief technology officer. Jean-Marc Bouhelier who joined the board as a non-executive director in October 2007 takes on the chairmanship of the company and chief operating officer Antoine Rescourio becomes company secretary.
John Oddie has over 25 years’ experience of working in the financial services sector with particular focus on market trading, Celoxica’s key target market. Until 2007, John ran the exchange business for Atos Euronext Market Solutions (AEMS), which provides technology and services for global exchanges, clearing houses and capital markets. Prior to this, he was the CEO of Instinet’s Global Equities business and has also held senior business and technology roles at Goldman Sachs, Credit Suisse and Merrill Lynch.
In addition to his appointment as non-executive director, John will also be stepping into the role of acting chief technology officer for Celoxica.
“Following the appointment of Jean-Marc Bouhelier at the end of 2007, John’s extensive expertise in the financial markets makes him an ideal addition to the board as Celoxica continues its focus on providing solutions for proprietary traders, market makers and trading exchanges. John has spent the last few months advising Celoxica on its new business strategy and his belief in our technology is a further validation of the benefits it can bring to our target market. John’s guidance and experience will be highly valuable to the Company going forward,” says Lee Staines, CEO, Celoxica.
“Having spent my career working in financial service organisations, I am fully aware of the need for high volume data processing and especially the need for acceleration, low latency and data consistency in today’s highly competitive electronic trading environments. I have been highly impressed by Celoxica’s technology and believe it can provide firms in the sector with a definite competitive edge. Its solutions have the ability to make a real impact in the way data is received and then used when trading in the rapidly expanding and volatile options and cash markets. I am looking forward to helping Celoxica realise this potential,” says John Oddie, non-executive director, Celoxica.
Antoine Rescourio, who joined Celoxica as COO in May 2008, combines more than 20 years’ experience, working at an executive management level, in both capital markets (for the buy side, sell side and exchanges) and financial technology providers. Previously Antoine was COO at a hedge fund; senior vice president at AEMS; and vice president at Morgan Stanley, where he spent eight years. His earlier career includes ten years in telecommunications management with Reuters. Antoine’s solid background spans IT, operations, finance, mergers & acquisitions and Celoxica will benefit from his proven ability to deliver strategic, multi-disciplinary projects globally and create productive business units to meet shareholder expectations.