Infonic AG, the leading provider of front, middle and back office software solutions for fund of fund managers, administrators and institutional investors in the alternative investment sector, appointed Antony Towers to the position of Chief Executive Officer.
As part of this planned transition, Nolan Phillips will step down to pursue new opportunities in other regions of the world.
Mr. Towers, who will be based in Zurich, brings over 20 years of experience in the finance and technology sectors. Prior to joining Infonic, he was CFO of Fidessa LatentZero (now Fidessa), a provider of software solutions to the global asset management industry, where he had full commercial, financial and administrative responsibility for the business across offices in Europe, the Middle East, Africa, Asia and North America. Before that he held a variety of finance related roles with software providers including Geac Software Solutions Limited, Avant! Corporation, and Infinium Software.
Commenting on his appointment, Mr. Towers said, "During his tenure Nolan built a tremendous team of extremely talented individuals, and I am confident that together with the staff, senior executives and board members we will manage the strategic growth of Infonic over the next few years."
Those sentiments were echoed by Ian Morley, Chairman of the board of Infonic and founding chairman of AIMA (The Alternative Investment Management Association). "While we are appreciative of Nolan's efforts over the last two years and saddened by his departure, we are delighted that Antony has agreed to take the reins as CEO," said Mr. Morley. "He has the full support of the board, management and staff of Infonic, and I personally look forward to working with Antony as he guides Infonic through the next generation of HedgeSphere and beyond."