Acadia has appointed Stuart Smith and William Thomey as co-heads of business development.
In these newly created roles, Smith will oversee business development for Acadia’s risk and data products, while Thomey will assume equivalent responsibility in the areas of workflow and agreement management.
Both hires will report directly to Acadia’s chief product officer Fred Dassori.
Based in London, Smith joins Acadia following seven years at FIS, most recently serving as senior vice president of product management. In this role, Smith led the product organisation in the cross-asset trading and risk business.
Based in New York, Thomey enters his new position at Acadia with nearly two decades of experience at J.P. Morgan Chase & Co.
During his term with J.P. Morgan Thomey worked in operations, transformation and risk roles, most recently serving as its executive director of corporate and investment bank post-trade transformation.
Speaking on the announcement, Dassori comments: “Will and Stuart bring deep and diverse experience to Acadia. Their leadership will allow us to continue developing and delivering products that solve our clients’ problems and make our clients’ businesses more efficient.”
Smith adds: “I am excited to join Acadia’s team to help them continue to develop their technology solutions in the risk and collateral management fields.
“I will build upon its suite of risk and data products so that we continue to serve as trusted partners for all firms as they manage the operational challenges of today’s regulatory environment.”
Thomey says: “I am looking forward to using my experience to help Acadia continue to build upon their agreements, margin and collateral business.
“One thing that sets Acadia apart is its industry wide partnerships, and I am eager to work in collaboration with clients to identify and assess opportunities to enhance and expand our existing products and services while developing new industry-standard solutions.”
Acadia has recently extended its integrated risk management capabilities to include pre-trade analytics, capital calculation and position valuations in addition to its core margin messaging, collateral management, and uncleared margin solutions.
