Former SunGard exec Grimaldi joins RedBlack as COO
02 February 2017 | 3522 views | 0
RedBlack, a leading provider of software and services for the global investment management industry, today announced the appointment of financial industry veteran John F. Grimaldi as Chief Operating Officer (COO), a new position for the Company.
“John is a seasoned operating executive with 34 years of experience in the financial services industry, including key leadership positions with one of the world’s largest financial services software companies,” said Daniel C. Potter, RedBlack’s President and Chief Executive Officer. “With the Company experiencing significant growth, John comes on board at a pivotal time when his leadership and experience can take RedBlack to the next level. As COO, John will drive all aspects of day-to-day operations at RedBlack, including client support, sales, product management, financial management, operating policies and procedures.”
Prior to joining RedBlack, Mr. Grimaldi worked in executive roles of increasing responsibility at SunGard Data Systems from 2001 to 2016. Most recently, he served as Group President of SunGard, leading the Securities Finance and Processing business unit, a global organization with 850 staff in more than 20 countries. In that role, he was a member of the SunGard Financial Systems Executive Committee, which was responsible for overall operational strategies, strategic acquisitions, financial reviews and operating policies. Before that, he was Executive Vice President for SunGard’s North American Securities Processing business and EVP and General Manager for the Securities Finance business unit. Mr. Grimaldi joined SunGard in 2001 as a result of its acquisition of Loanet Holdings, where he had been a Senior Vice President overseeing the North American securities finance business.
“Our ability to attract a leader with John’s background and skillset speaks to the outstanding reputation of the RedBlack brand and the unsurpassed quality of our rebalancing and trading platform in the marketplace,” Mr. Potter said. “As we address the needs of our clients and further build velocity in our business, John’s expertise will be invaluable in maximizing the value of our products and executing our operational roadmap. His appointment also will enable me to focus more broadly on areas such as strategic planning, business alliances and partnerships, ensuring that RedBlack is effectively positioned with our stakeholders.”
“RedBlack is a dynamic, rapidly growing organization driven by a commitment to deliver solutions customized to each client’s unique workflow and portfolio management requirements. Under Dan’s leadership and that of co-founder Roel Vlemmings, the Company has established its portfolio rebalancing and trading solution as best-of-breed, foundational technology for the investment management industry. I am excited about the opportunity to use my operational expertise to help expand our capabilities and broaden our technology to adjacent markets,” Mr. Grimaldi said.