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CheckFree Investment Services names Michael Gianoni EVP and GM

20 June 2006  |  1713 views  |  0 Source: CheckFree

CheckFree Corporation (NASDAQ:CKFR) today announced that it has named Michael Gianoni as executive vice president and general manager of CheckFree Investment Services Division, reporting to CheckFree Chairman and Chief Executive Officer Pete Kight.

Gianoni, 45, joins CheckFree following 11 years with DST Systems, Inc., a $2 billion technology outsourcing firm serving the financial services, communications, healthcare and insurance markets and the leading provider of mutual fund account processing services. Most recently, he served as senior vice president of DST Systems' E-Solutions Division.

"Mike is a highly seasoned executive with deep experience across all areas of product development, business development, sales, marketing and client services," said Kight. "We are confident that Mike's leadership will build on our strong momentum in the high-growth separately managed account processing market."

In this position, Gianoni will drive the evolution of CheckFree's technology and workflow solutions that enable hundreds of financial institutions to process separately managed accounts or customized portfolios for individual investors. CheckFree Investment Services' money manager, brokerage firm and investment advisory clients manage nearly 2.2 million portfolios totaling approximately $1.3 trillion in assets on the CheckFree APL platform. CheckFree is currently developing the next generation platform, CheckFree EPL, to bring a higher level of innovation and efficiency to the marketplace to enable continued growth and personalized service.

Gianoni has more than 25 years of diverse business experience in the e-commerce, software and computer manufacturing industries. Prior to DST Systems, he served in a variety of executive leadership roles with Application Systems Group, Sequent Computer Systems, Wang Laboratories, U.S. Design Corporation and Canberra Industries. Gianoni holds a master's degree in business administration from the University of New Haven and an undergraduate business degree from Charter Oak College in Hartford, Conn.

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