The London Stock Exchange has hired SunGard's John Mackay ('Mack') Gill to serve as chief executive of its technology subsidiary MillenniumIT.
Gill joins MillenniumIT from global technology group, SunGard Data Systems Inc, where he was SVP, corporate development & strategy. Prior to this, Gill held a number of senior roles at SunGard, including president of SunGard Global Technology and president of SunGard Global Services.
He replaces Millennium IT founder and current CEO Tony Weeresinghe, who takes on a business development role and is apopointed MillenniumIT non-executive chairman.
The LSE acquired Sri lankan technology group MillenniumIT in 2009 to replace its stuttering TradElect technology platform and singled out the group in its recent full-year results for increasing its third party sales as well as delivering key technology upgrades for the Exchange. The company now provides technology services to over 30 other exchanges, financial market participants and international businesses across the world.
Antoine Shagoury, LSE COO & CIO, says: "Mack has had an exceptional career at SunGard and has a wealth of experience in financial services technology, operations, product support and sales. He also brings with him the excellent strategic and international management skills developed whilst working as a senior executive in a large global business. This will be of tremendous value to MillenniumIT and the Group as we continue to grow the business."