Paladyne Names New Head Of European Operations

Sep 22 2009 | 3:57am ET

Hedge fund technology provider Paladyne Systems has appointed Jonathan Cross as managing director of Paladyne Europe.

Prior to joining Paladyne, Cross was the COO of Tradar Limited, a leading supplier of portfolio management and accounting solutions, where he managed the day to day operations including product management, sales, client support, and professional services. Cross also has a technical background and has provided technology consulting services for a large number of major financial institutions prior to Tradar.

“We expect significant growth in the European hedge fund industry in the coming years and Paladyne is positioning to be the leading provider of hosted front-, middle- and back office solutions to this marketplace,” said Sameer Shalaby, CEO of Paladyne.  “Jonathan brings the leadership and industry experience to expand our presence in Europe, cultivate our existing client relationships, and to further build out our local infrastructure.”

“Paladyne has developed an extremely comprehensive suite of products and a robust ASP solution that addresses both the cost savings and operational requirements of Europe’s alternative investment marketplace,” said Jonathan Cross. “The time has never been more right for hedge funds, fund administrators, and prime brokers to leverage Paladyne’s offering to cut costs, improve operational efficiency, and mitigate risk. I am delighted to lead Paladyne’s European’s business and am excited about the opportunity to service our European clients.”

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