SunGard appoints Tim Demarest chief product officer of Brass

SunGard today announced that it has appointed Tim Demarest as chief product officer of its BRASS solution suite for equities trading.

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In his new role, Mr. Demarest will lead the development and strategy of the BRASS solution suite, which includes a trade order management system; a set of direct market access tools; solutions for automated indications of interest and advertised trades; trade matching; and compliance analysis and reporting.

Mr. Demarest joins SunGard from Perseid Technologies, LLC, where he held the position of chief executive officer. Previously, Mr. Demarest held positions with Knight Securities.

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