GlobeOp Financial Services, the hedge fund administrator, has hired industry veteran Edward F. Condon as director of business development for electronic marketplace initiatives.
In this newly created position, Condon’s primary duties are to build GlobeOp’s bridges to electronic trade execution platforms, trade booking, and additional outsourcing services that are linked to GlobeOp’s processing business.
“With Ed on the team, GlobeOp will accelerate our ability to provide new services to our global customers, as well as create solutions that further differentiate our services offering,” says Hans Hufschmid, GFS chairman and chief executive officer. “Ed’s years of experience and expertise in exchange traded derivatives and electronic trading position GFS to pursue exciting new product initiatives and additional cost savings for our clients.”
Condon brings to GlobeOp more than 25 years of experience in the capital markets. Most recently, his efforts have focused entirely on pooled clearing and settlement infrastructure, back office services, and electronic trading capabilities. Previously, Condon was managing director and the European head of Listed Derivatives at Credit Suisse First Boston, where he created and managed CSFB’s European Listed Derivatives product. Prior to CSFB, he served JP Morgan Securities as vice president and senior listed derivatives sales manager and managed the firm’s London exchange floor based futures trading operation. Condon’s background includes management positions at Morgan Stanley Securities and Donaldson Lufkin and Jenrette.
Condon earned a master of business administration degree in international finance from Loyola University of Chicago and a bachelor of arts degree in psychology from the University of Notre Dame in Indiana.