Creditex Signs Former Datek Exec As President

Creditex has named John Grifonetti president to work on new e business trading initiatives, the credit derivatives trading platform. He will report to Sunil Hirani, CEO Creditex. "This is a very interesting time to be part of the premier credit

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Creditex has named John Grifonetti president to work on new e-business trading initiatives, the credit derivatives trading platform.

He will report to Sunil Hirani, CEO Creditex.

“This is a very interesting time to be part of the premier credit derivatives trading platform,” Grifonetti said. “Given the substantial growth in the markets, we are very focused on further developing our e-brokerage business and in continuing a leadership position bringing automation solutions to the market place,” he further states in the release.

“There are major initiatives underway that demand increased senior-level resources and John will assume a critical role in leading our efforts and helping us continue our role as an innovator and leader in the credit derivatives market.”

From 1999 to 2003, Grifonetti was president and COO of Datek Online Holding Corp. with responsibility for day-to-day operations, including trading services and product development. There Gifonetti played a big role in the merger of Datek (which he joined in 1997 as CFO) with Ameritrade. Prior to joining Datek in 1997 as CFO, Grifonetti worked at Deloitte & Touche’s Securities Group.

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