London
17 November 2014
Reporter: Stephanie Palmer

Calastone’s Cristóbal Conde takes up chairman position


Calastone has appointed Cristóbal Conde as chairman of the board, moving up from his position as non-executive director, which he took up in late 2013.

Conde will take up his post with immediate effect, and will work closely with CEO Julien Hammerson to continue the company’s growth trajectory.

Hammerson said: “I am honoured Cris will be taking the role of Chairman. Since joining Calastone late last year, Cris has provided invaluable insight into growing a successful financial technology business. His experience and advice has been a great asset to the company, and elevating him to Chairman will only serve to strengthen Calastone at its core.”

Previously, Conde was chief executive at SunGard, where he worked for 28 years following its acquisition of Devon Systems, which he co-founded and ran.

He was responsible for SunGard’s record-breaking $11.3 billion leveraged buyout transaction when he took the company private in 2005.

He stepped down from SunGard in 2011, but still acts as an advisor for several businesses, including not-for-profit companies.

Conde said: “I am delighted to take on the role of Chairman. This is an exciting time for Calastone and I am proud to be working with Julien and the management team as they execute the roadmap to strengthen the already accelerating growth trajectory, continuing to put customers first and deliver an excellent service.”

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