In this position, Sey will be responsible for managing the financial performance and strategic direction of Interactive Data Managed Solutions in the UK.

Reporting to Carsten Dirks, managing director, Interactive Data Managed Solutions, Sey will work with other parts of the Managed Solutions business in continental Europe and the US, analysing the market for requirements and opportunities, and helping to bring together the existing expertise across the company. Sey, who was most recently reference data business manager for Interactive Data's Pricing and Reference Data business in Europe, will continue to be based in London.

Sey commented: "More and more firms are embracing the benefits to be had from moving applications from the local deployment model to the internet 'cloud'. Interactive Data Managed Solutions is capitalising on some of the latest web services technology and taking a fresh, innovative approach to tackling real business problems. As a result, we are working with many of the world's largest banks, mutual and investment fund companies, stock exchanges and financial websites to help them differentiate themselves in the marketplace, respond efficiently to customer needs, optimise workflows and lower their capital and operating costs.

"The modular design of our solutions and our highly customised approach, together with the wealth of rich content and infrastructure at Interactive Data's disposal, present a compelling option for our clients," Sey continued. "I am excited about the opportunity to expand the adoption of our Managed Solutions offerings in the UK."

Having worked in the data provision industry for the past 18 years, Sey has held a variety of positions including managing customer service teams, project management and product management. As reference data business manager for Europe, Sey helped raise the profile of Interactive Data's reference data capabilities through building relationships with industry trade bodies, working groups and software vendors. During this time, Sey and his team were also responsible for engaging Interactive Data in the world of data standards and the delivery of its reference data services via the SWIFT network.