State Street has recruited a European sales chief for its software and data arm, Global Exchange — a three-year-old rival to the likes of BlackRock's Aladdin and one of the custodian bank's top priorities for investment. State Street has hired Richard Irons, a former European sales director at the New York Stock Exchange's technology arm, to lead its regional sales team. Irons was most recently at Fenergo, a software provider to private banks. ...
Boston -based financial services firm the New York Stock Exchange is aiming to bolster its data arm, State Street , having appointed Richard Irons to lead its regional sales team for the division. Irons was formerly European sales director for the technology arm of Global Exchange . In January , State Street CEO Richard Irons said selling Global Exchange's data aggregation tool DataGX - a rival to BlackRock 's successful Aladdin system - to investors and fund managers would bring "some revenue uplift, but importantly, protect the core franchise".