Options Appoints Former NYSE Euronext Executive Tim Yockel as New SVP of Global Sales
The former Wombat and NYSE Technologies exec will lead the firm’s global sales and account management
NEW YORK, April 9, 2013 /PRNewswire/ — Options, the market leader in infrastructure as a service (IaaS) products for the global capital markets industry, has today announced that the former NYSE Euronext executive, Tim Yockel, has been appointed as the firm’s new SVP of Global Sales.
In his new role, Mr. Yockel will be responsible for leading the firm’s sales and account management activities, supporting the growth of the Options PIPE® Private Financial Cloud platform within both established and emerging financial markets, and across the broker dealer and investment banking communities. Mr. Yockel will join former NYSE Euronext and Wombat colleagues, Danny Moore and Ken Barnes, at Options. Both Mr. Moore and Mr. Barnes joined the firm in early 2013. It also follows fast on the heels of the recent landmark deal with Citigroup spinout, Napier Park Global Capital, who have chosen Options as its managed infrastructure provider.
Mr. Yockel was previously responsible for global sales at NYSE Euronext’s trading technology segment, NYSE Technologies. Prior to joining NYSE in 2008, Mr. Yockel was head of sales at trading technology firm, Wombat Financial Software, which was acquired by NYSE Euronext in March 2008. Before joining Wombat, Mr. Yockel also served in a number of sales and business development roles at Reuters and Lehman Brothers.
Commenting on this latest addition to the company’s senior management team, Nigel Kneafsey, Options founder and CEO said, “Realizing our vision of becoming the most trusted provider of managed technology solutions to the global capital markets requires an investment in the highest caliber of talent available, and we’re truly delighted to have been able to attract an industry giant like Tim.”
“The recent senior hires we’ve made are an indication of Options’ ever-increasing standing in the sector. We’re seeing some of the biggest players in sell-side banking struggle to cope with the demands to cut costs, both in terms of employee headcount and capital expenditure, while attempting to deliver the next generation of platform demanded within the modern financial enterprise. Firms require a robust infrastructure solution at a fraction of the cost, in a fraction of the time and often on a global scale. Options is proving time and time again that it is the only firm with the capabilities to meet these requirements. Tim’s move here is a further endorsement of this.”
Mr. Yockel added: “The wider financial community is crying out for mature managed infrastructure providers with the capabilities to meet customers’ outsourced technology needs while controlling costs, and Options finds itself uniquely placed to do just that. The focus that Options has placed on the platform underpinning their services, in addition to the reputation they’ve built in the financial community, convinces me that we can deliver for our customers like no other firm can. It’s an extraordinary opportunity and I’m looking forward to getting started.”
Options is the premier provider of infrastructure products to the Global Financial Services sector. Founded in 1993, the company began life as a hedge fund technology services provider focused on the London market. More than a decade ago, the company made a strategic decision to become the first provider to offer cloud services to the financial sector. The result was the Options PIPE® Platform and the “Private Financial Cloud” offering. Today over 130 firms globally leverage Options PIPE®, including leading hedge funds, funds of funds, proprietary trading firms, market makers, broker/dealers, private equity houses, exchanges and global investment banks.
Options PIPE® Platform Services:
Essential business technology from email and office applications to phones and tablets.
Hosting and management of the applications that run your business, front to back.
Low latency trading, FIX connectivity, market data and computing infrastructure.
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