News round-up: Options Technology's new acquisition; Maples Group Appoints New Head of MPMF; People moves

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Options Technology Announces Acquisition of Fixnetix from DXC Technology     

IT infrastructure provider Options Technology has bought DXC Technology’s front-office trading business Fixnetix.

Options Technology, which provides IT infrastructure to hedge funds globally, said the undisclosed deal would support its ongoing growth strategy. Fixnetix provides outsourced front-office trading services to investment banks, hedge funds, proprietary trading firms and exchanges worldwide and was part of DXC’s global banking and capital markets business. 

In 2019, Options secured investment from Abry Partners, a Boston-based sector-focused private equity firm, which allowed the firm to boost its growth strategy to invest further in its technology platform and expand its global reach.

Tomer Yosef-Or, a Partner at Abry, said, “We are delighted to be able to support Options in this exciting transaction. We continue to be impressed by the Fixnetix’s team’s capabilities and believe the combination, supported with our capital, will provide enhanced quality and breadth of services to existing and new customers.

“The collaboration we have already seen between the two companies gives us great optimism in the ultimate potential for the organization. We are excited to bring this transaction to a close and move forward together with the united strategy of building a leading and differentiated global IT Managed Service Provider highly focused on the financial services vertical.” 

Maples Group Appoints New Head of MPMF

Maples Group’s alternative investment fund manager and UCITS management company, MPMF, has recruited Declan McHugh from Goodbody Fund Management.

McHugh will have overall responsibility for MPMF's business in Ireland, having spent five years in a senior role at Irish fund management company Goodbody. He has more than two decades of additional experience in compliance, finance, risk, and operations, and has significant regulatory experience, previously serving as a Senior Regulator with the Central Bank of Ireland within the Investment Firms and Fund Supervision Department.

Leveraging this expertise, Declan will be responsible for overseeing operations and driving MPMF's strategic priorities. Furthermore, the perspective he brings from his varied experience will ensure MPMF is able to continue delivering the highest standards of service to clients and collaborating effectively with regulatory bodies.

"I am excited to join the MPMF team and look forward to leading a management company that is truly unmatched in the value it can bring to clients," said Declan. "I have been impressed by the depth and breadth of the combined offering of the Maples Group and its client-focused approach and believe we will be uniquely positioned to capitalise on opportunities and deliver a premier service to clients in this growing space."

People moves

ED&F Man Capital Markets, the global financial brokerage firm, today announces the appointment of James Curley as Senior Vice President and Head of Capital Introductions. In the newly-created role Curley will be responsible for the management of the firm’s Capital Introductions process. His mission will be to help commodity trading advisers and foreign exchange focused investment managers around the globe to expand their networks, matching them with investor preferences and a variety of allocators such as fund of funds, endowments, insurance companies, single family offices and independent wealth managers.

Alternative investment specialist MidOcean Partners has recruited two to its investor relations team. Leslie Tanca and Tim Percarpio join as Vice President, and Managing Director and the Head of Investor Relations, respectively. MidOcean’s Chief Operating Officer, Debbie Hodges, said: “We are pleased to welcome Tim and Leslie to the MidOcean team. Tim brings more than 20 years of experience in senior institutional marketing and leadership roles, as well as a strong background in credit; Leslie has over 13 years of investor relations experience within private markets, focusing on project management, business development, and client service.”

Stephanie Taylor

Head of Event Content, HFM

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