People: Bridge introduces executive shake up

People: Bridge introduces executive shake up

New York-based Bridge Information Systems has reshuffled its executive line-up following the reorganisation of the company into distinct business units.

Richard Snape has been appointed managing director for North American sales and service in the Bridge Information Systems unit, reporting to BIS president David Roscoe. Snape also continues as executive vice president for corporate development. Snape has served in a variety of executive capacities for Bridge and its subsidiary, Telerate. Prior to joining Bridge in 1994 he was president of BT Financial Services Information Systems, a subsidiary of Bankers Trust Company, which developed, marketed and supported risk management technology.

All of the company's technology and operational functions supporting Bridge's core business, including both external product offerings and internal information systems, are now consolidated under the leadership of Joseph Ratterman, executive vice president and chief technology officer, who will continue to report to Roscoe.

Ratterman's experience within the industry and Bridge includes programming and design/development ventures complemented by industry planning, strategy and development efforts for customer applications across a range of platforms and operating systems. He joined Bridge through its acquisition in 1996 of Knight-Ridder Financial, where he held a number of senior technology positions, including leading the design and development of the company's flagship financial information product.

BIS president, David Roscoe assumes overall responsibility for product development and marketing functions related to the Information Systems unit. Product management responsibilities will be led by: Mary Ivaliotis, executive vice president, product marketing, and chief operating officer of Telerate, for capital markets; Harry Temkin, executive vice president, product marketing, for equities; and John Jessop, president of Telerate, for optional services. Jenni Neumann, executive vice president of data management, will work closely with this team to coordinate Bridge's overall data content offerings.

Roscoe joined Bridge in 1999 as chief administrative officer and executive vice president. He was appointed president and chief operating officer in June 2000. Before joining Bridge, Roscoe worked for over 32 years at J P Morgan, where he held a variety of management positions. Most recently, he headed corporate risk management technology and infrastructure from 1994-1999.

At the corporate level, Zachary Snow, executive vice president and general counsel, will assume responsibility for human resources and corporate communications, worldwide. Snow joined Bridge in 1999 as general counsel and EVP. Prior to joining Bridge, he served nineteen years in the legal departments of Salomon Brothers and its successor, Salomon Smith Barney, including nine years as a managing director and four years as head of the US legal department of Salomon Brothers.

The appointments complete the transformation of Bridge into a group of distinct, closely related business units, following the acquisition of several financial information companies during the last five years, says the company. In addition to the core Bridge Information Systems unit, the Bridge group also includes Telerate, Bridge Trading Technologies, BridgeNews, eBridge and eMarkets. The acquired companies include MarketVision, Knight-Ridder Financial, Dow Jones Markets (now Telerate), Wall Street on Demand and the financial information business of Automatic Data Processing.

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