ATPI, a provider of technology solutions for small to midsize hedge funds, today announced that Paul DiBlasi has been named President.
DiBlasi joins from SunGard's BRASS unit, where he was Managing Director. His career also includes senior positions at financial extranet provider Radianz and order management vendor OM Technology.
ATPI solutions include Outsourced IT, Start-up & Relocation Services, Vendor Management and Network Security. DiBlasi joins John Taaffe, ATPI's CTO and a SAC Capital veteran, on the firm's management team. "ATPI designs solutions based on a fund's technology and business requirements" said Taaffe. "Paul's blend of network and trading technology expertise reflect this approach."
"ATPI will fill a void in the market. Nearly 65% of hedge funds have less than $500M in assets under management yet this group is largely ignored by existing IT providers", according to DiBlasi. "ATPI is going to remedy that situation. We have the experience necessary to provide small and midsize funds with a level of service and expertise usually reserved for multi-billion dollar funds. Plus our concentration on a few services enables us to be more cost effective than large, diversified, financial services IT shops," continued DiBlasi.
ATPI was launched in January of this year and already has a number of clients.