One of several finance industry professionals which COLT is recruiting to boost its sector expertise, Jack brings broad experience of both the front and back office to COLT. He joins from BT Radianz where he was a Business Development Manager within Market Data and Investment Banking sectors. Prior to this he worked for LogicaCMG, and was responsible for Financial Messaging sales in the International Finance Line of Business.

Jack's remit will be to build on COLT's established position within the finance sector and to develop innovative propositions and solutions that cater for the growing need amongst financial organisations for high bandwidth and secure communications.

Today's appointment follows on from the recent announcement of two major new financial sector contract wins - with Commerzbank and Nomura International - in the last month. COLT serves over 1,000 financial institutions including Europe's top seven stock exchanges and the world's top 25 financial institutions across Europe's major business centres. It is also one of only four SWIFT-approved network providers and connects over 650 European SWIFT members to SWIFT's Secure IP network (SWIFTNet).

"The European Financial Services marketplace has extremely demanding communications requirements and COLT is perfectly positioned to meet these needs because of its pan-European footprint and excellent delivery track-record," commented Ian Jack on his appointment. "I look forward to building on the success of initiatives such as SWIFTNet and adding to COLT's portfolio of dedicated offerings."

"Ian's deep and broad experience of the sector will be invaluable in helping realise our plan to deliver a set of highly focused and innovative propositions for our Financial Services customer base," said Terry Quigley, Head of Financial Services at COLT, to whom Ian will report.