GBST appoints new head of product strategy

GBST has hired Gregory McDonald as head of product strategy for GBST’s business in the Americas.

McDonald joins from Citigroup, where he was senior vice president of capital markets middle office, and helped develop initiatives for strengthening trade and operational controls. He also served as head of the global securitised markets middle-office group.

Before this he held various roles at Barclays Capital and Lehman Brothers. He also sits on several industry committees and has served as chairman of the Securities Industry and Financial Markets Association’s asset-backed securities and mortgage-backed securities operations committee.

At GBST, McDonald will report to Barry Raskin, CEO of GBST’s Americas business, and focus on expanding business reach, particularly across North America.

McDonald said: “The fact that GBST takes a progressive and innovative approach to development, and is not tied down to any legacy technology or infrastructure means we are able to offer our customers something most others can’t – flexibility. We can adapt our offering to meet the unique needs of each market.”

Raskin added: “[McDonald] brings a wealth of knowledge in capital markets that rounds out our U.S. team perfectly.”