Rolfe & Nolan shakes up global management

Rolfe & Nolan shakes up global management

Back office futures and options vendor Rolfe and Nolan has implemented a company-wide management reorganisation following its recent successful MBO.

The main management changes are in Europe, with former client services director Paul Miller becoming European COO. Colin Wade will assume the role of European sales director and Phil Reed becomes chief technology officer focussing on the delivery of the vendor's modular processing solution Merlin. Stephen Lacey joins the firm as finance director from Eyretel Plc.

In the US, Bob Sylverne continues as CEO of Rolfe & Nolan Inc. Jim Birney will continue to report to him as North American sales director, as well as assuming global responsibility for marketing.

Gary Jones has been appointed as managing director, Asia Pacific, with responsibility for sales, support and operational functions across Rolfe & Nolan's businesses in Sydney, Singapore and Hong Kong.

The firm's global executive board comprises of chief executive Bob Freeman, Paul Miller, Colin Wade, Phil Reed, Stephen Lacey, Bob Sylverne and Jim Birney.

Rolfe and Nolan says it will delist from the London Stock Exchange following a buy out by HgCapital-backed management vehicle Maia Holdings.

Bob Freeman, chief executive, comments: "The MBO is a vital part of the overall process of building on Rolfe & Nolan's strengths and further improving our position in the global market, without the costs and distractions of maintaining our public company status."

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