Mr. Moorhead will assume overall responsibility for the global strategic development of the firm's technology infrastructure and operations across its locations in Asia-Pacific, Canada, and Europe. He will be based in the UK and join the IFDS Board of Directors, reporting to Simon Hudson-Lund, Executive Chairman.

"Simon's role will be crucial as we expand to serve an increasingly global client base with increasingly complex requirements," said Mr. Hudson-Lund. "His wealth of experience and knowledge will prove invaluable as we continue to enhance our global technology platform and operations."

Mr. Moorhead joins IFDS from the Bank of England, where he was Chief Information Officer responsible for ensuring IT change was aligned with the bank's policy and operational priorities. In that role, he led the IT programme that helped create the Prudential Regulation Authority in April 2013. Previously, Mr. Moorhead was at Reuters in a global IT role after more than a decade as a management consultant for Ernst & Young and Cap Gemini. He began his career at HSBC.

"The business and regulatory world in which we operate is increasingly complex and demands technologies that are ever more flexible yet robust," said Mr. Moorhead. "My focus will be on ensuring IFDS remains at the forefront of its field, providing the right services to meet our clients' needs at the right time. I'm excited to be joining such a dynamic and growing business at this time in its journey."