Howard Edelstein is to step down as board chairman of AcadiaSoft later this year.
Edelstein has served on AcadiaSoft’s board since the founding of the company, either as the independent director or board chairman.
Edelstein has also served as chairman at REDI Global Technologies and board director at Algomi.
AcadiaSoft said it plans to immediately begin a search for Edelstein’s replacement.
Commenting on his departure, Edelstein said: “After almost a decade of working to build AcadiaSoft to the industry standard for margin and collateral risk mitigation, as well as leading and securing the company’s latest investment round, it is a good time to announce that I plan to step down.”
He added: “I’d like to be able to devote the coming decade to my other board work and my personal investments in fintech companies including BioCatch where I am now CEO and chairman.”
Chris Walsh, CEO of AcadiaSoft, commented: “AcadiaSoft is now an industry-governed and majority-owned private regtech company, focusing on compliance with uncleared margin rules and other related sources of systemic industry risk, and I can’t thank Howard Edelstein enough for his enormous contributions in establishing this company over the past decade.”
