As COO, Gerard will be responsible for scaling Traiana's operations globally and promoting its development in new areas, as the company continues its strong growth in delivering post-trade solutions. Reporting to Chief Executive Officer Gil Mandelzis, he will be based in New York.

Gerard Varjacques served most recently as Executive Vice President of SunGard Institutional Asset Management. He joined SunGard after its takeover of GL TRADE in 2008, where he was CEO of GL TRADE Americas, a business that he had launched in 1998. Before moving to the US, Varjacques was Head of Sales and Marketing for GL TRADE. Prior to GL TRADE, he held several managerial positions in business development at Euro-Titres/Caisse des Depots, ATOS and BNP.

Gil Mandelzis, Chief Executive Officer, Traiana, said: "Traiana is on a very strong trajectory of growth offering innovative post-trade solutions to the markets. Gerard brings a proven track record in building global infrastructure, operational processes and business discipline that will help to ensure we are well positioned to capitalize on the tremendous opportunities that lie ahead."

Gerard Varjacques, Chief Operating Officer, Traiana, said: "Traiana has built an impressive business in foreign exchange, and it is well-positioned to continue this growth in FX and beyond. I look forward to the opportunity to work with the Traiana team, its clients and partners in taking Traiana to the next level."