Howard Edelstein, president & CEO of BT Radianz, has been selected to head a new business unit within BT Global Services focused on serving the global financial industry.
The new unit will combine BT Radianz with BT Trading Systems and BT Global Financial Solutions into a single market-facing vertical designed serve the financial services industry. Edelstein will serve as president & CEO of BT Global Financial Services.
Andy Green, chief executive officer of BT Global Services, said, “The decision to launch this new vertical flows out of the strategic thinking that lay behind our recent acquisition of Radianz. Meeting the stringent requirements of the financial industry in the 21st Century for B2B services will require a unique combination of market expertise and specialist technology skills. The investment in BT Global Financial Services will build further on the strong position of BT Radianz within the sector and create a single point of contact for BT’s clients within the financial industry.”
Larry Tabb, Founder & CEO of Tabb Group, said, “This announcement should not be a surprise. BT has a very significant global financial markets business and looking for a strong leader is a natural extension of that focus. Howard has years of industry experience and a very successful track record. Since joining Radianz two years ago, he’s extended the business, raised its visibility, and built a successful business whose model is changing the way the industry thinks about connectivity and network-based services.”