InvestTech adds Auditore, Babakian and Fetters to consulting team

Source: InvestTech Systems Consulting

InvestTech Systems Consulting, the leading IT and operations consultancy for institutional investors, today announced that it now serves 50% of the US's largest asset managers.

InvestTech is also engaged by many of the country's leading hedge funds, retirement pension plans, foundations and endowments as well as global/international institutional asset managers. In keeping with the increased demand for its professional services, InvestTech has recently added three new consultants to its team of experts. Sal Auditore and Glenn Babakian have joined as Senior Consultants, and Chad Fetters has signed on as Consultant.

Sal Auditore's experience with major funds and other financial services firms spans 20 years. Joining as Senior Consultant, Sal specializes in equity and fixed income trading, investment fund accounting systems and market data services. Sal has worked for a long list of firms in a senior capacity including Western & Southern Financial Group, Aim Trimark Management Group, John Hancock Funds, Fleet Services Corporation and Putnam Fiduciary Trust Company. Sal holds a B.A. in Business Management and Political Science from Northeastern University in Boston, a Project Management Certificate from Rice University, as well as Bloomberg and Reuters' certifications. He brings added expertise to the InvestTech team with project management and implementation experience with the Eagle Investment Systems' software products, the Princeton Financial Systems PAM product and the Macgregor OMS.

Glenn Babakian joins InvestTech as a Senior Consultant. Glenn brings 25 years' experience and focused primarily on global investment management systems, systems integration and technology research and planning. He most recently joined InvestTech from JP Morgan Chase/Bank One Corporation, where he led the upgrade and redesign of the firm's worldwide messaging hub. Glenn is in the final stages of training as an implementation consultant for the Advent Geneva product and has experience implementing the Thomson PORTIA product as well. Glenn's extensive experience includes the analysis, design, development and implementation of systems such as performance meeasurement, compliance, international trade support, equity research, and client billing. He has presented at the Financial Markets World Electronic Trading Conference as well as moderated a buy-side trading systems panel at the IBC USA Conference. He holds an MBA in Business Administration from New York University and graduated Magna Cum Laude from The Wharton School of Business of the University of Pennsylvania with a B.S. in Economics.

In addition, Chad Fetters, formerly of The Vanguard Group, has joined InvestTech as an implementation Consultant. Prior to joining InvestTech, Chad served as a Senior Investment Accounting Business Analyst and System Conversion Specialist at PNC Financial Services Group. His primary focus was on large-scale implementations onto the Advent Geneva® platform. Chad worked extensively with all types of fund structures and investments, including OTC and exchange traded derivatives. Chad is also skilled in business analysis, report development and testing across all asset classes encompassing portfolio modelling, operational processes, and portfolio accounting.

Bruce Vollert, Principal, InvestTech said, "Our client base has grown dramatically over the course of the last year as more and more firms are looking to re-architect their technology platforms for greater efficiencies and scalability. Firms come to InvestTech to take advantage of our intellectual capital and the real world business experience of our consultants. We are delighted to welcome Sal Auditore, Glenn Babakian and Chad Fetters to our team. They will further strengthen our already rich pool of experience."

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