Algorithmics, the Toronto-based risk management software vendor recently acquired by Fitch, has appointed Craig Spielmann and John Winter to its global Algo OpVantage product team.
Fitch combined its OpVar risk management system with Algo OpRisk and rebranded the product suite Algo OpVantage following its acquisition of Algorithmics in January.
Algorithmics says Spielmann and Winter are both joining the firm in senior roles. Spielmann will provide relationship management, strategic direction and expert advice in support of its North American operational risk practice, while Winter will focus on the Emea region.
Spielmann previously spent over 15 years at JPMorgan where he held senior audit and risk management positions and founded the bank's operational risk management software and advisory business. Prior to this, he held roles at Dean Witter Reynolds and Merrill Lynch.
Winter joins Algorithmics from UK risk software vendor Raft International where he was product director for the company's operational risk solution. He also has project management experience with firms such as National Westminster Global Financial Markets, TCAM Trading Systems, CERES Trading Systems and Logica.