XSP, the leading global provider of Corporate Actions software, announced today that Paul D. Fullam has been promoted to Senior Director of Business Strategy. Fullam has relocated to the company's New York office and will report directly to Brendan P. Farrell, Jr., Chief Executive Officer.
In this new position, Fullam will further develop his role by engaging the industry and assuming responsibility for all global associations such as SIFMA and ISITC. He will continue to manage the longstanding SWIFT relationship, working closely with them to ensure continued XSP compliance with best market practices in Corporate Actions processing while identifying strategic requirements that meet the ever-changing needs of XSP's global client base. Fullam will also be involved in client-facing and product roadmap initiatives, Research and Development prioritization and taking the product into additional markets.
Fullam has a wealth of experience in global securities processing - specifically as it applies to Corporate Actions; extensive market knowledge of industry initiatives such as SWIFT ISO message platform and Securities Market Practice Group; and is an acknowledged expert in the XSP™ product as well as its real-life global deployment. Since joining XSP in 2000, Fullam has managed product implementations and integration within client environments for various financial institutions globally. His role as a Co-Chair of the ISITC Corporate Actions Working Group allows him direct access to all sectors of financial services.
"The strength of the talent we attract and retain is the foundation of our ongoing success," Farrell commented. "Paul's depth of knowledge in the global Corporate Actions space, expertise in the XSP product and valuable experience in implementing the software at client sites around the world makes him the ideal executive for this newly-created position. We recognize Paul for all his significant contributions to our organization to date and wish him much success in this role, helping to drive XSP's continued growth."
"Despite the current economic turmoil, Corporate Actions automation remains an important topic for global financial institutions," said Fullam. "In an era of constant change and challenges, we are committed to evolving our prooduct and service offerings, while adhering to best practices in Corporate Actions processing. I am excited about my new opportunity at XSP and delighted to be part of such a dynamic team in a constantly-growing organization where demand for our solutions continues at a rapid pace."
Prior to joining XSP, Fullam worked at Fidelity, Investors Bank & Trust and John Hancock Funds. He has specialized experience in Global Corporate Actions, Tax Reclaims, Fixed Income, Security Master and Pricing. Fullam holds an Accounting degree from the College of Commerce, Dublin Ireland.