Michael Smith has been appointed as Senior Director within sales for ADP, focusing on sales of institutional services in the UK, Scandinavia and Eastern Europe. Before joining ADP, Smith worked at GL Trade for three and a half years, where he was Head of New Business, focusing on front office trading platforms. He also spent five years in front office trading solutions sales and management positions at Misys and Tradeware.

Smith will report into Joe O'Connor, Managing Director International Sales, ADP Brokerage Services Group. "We continue to extend our sales team to support growth in our existing markets and in new market segments. Mike brings additional skills and knowledge through his experience within the institutional client arena. This will strengthen ADP's already considerable understanding of the back office space", he said.

"I have joined ADP at an exciting time. With the continual increase in trade volumes, combined with the reduction of commission rates, today's heads of trading are looking for innovative ways to reduce costs. With an onus on staying competitive, those cost savings are typically being found in the back office environment. ADP's value proposition addresses these cost savings directly", said Michael Smith.