BI-SAM has appointed Jonathan Schapiro as global head of cloud solutions.
In this role, Schapiro will be responsible for further developing and strengthening BI-SAM's private cloud service offering, which delivers performance and reporting tools to the global investment management industry.
The service is designed to meet market participants' demands for cloud-based capabilities that can provide the availability, flexibility and security they need in today's operating environment.
Schapiro will be a member of BI-SAM's executive management committee and will report to Jim Trotter, managing director performance & reporting services.
Schapiro joins BI-SAM from Fidelity Investments. During his 20-year career at Fidelity, Schapiro held a number of senior technology management roles, including head of performance measurement technology with responsibility for delivering fund performance, risk and competitor analysis. His experience spans both the front and middle office, having lead groups responsible for global implementations across portfolio management, research, equity trading and compliance.
"The future of technology lies in delivering functionally rich, versatile services in a cost efficient and yet secure way through a private cloud. BI-SAM is at the cutting edge of this trend," says Schapiro. "I am delighted to be joining such a market-leading organisation, and look forward to spearheading BI-SAM's solution innovations in the cloud computing space."
"Jonathan is the ideal professional to drive BI-SAM's Cloud Solutions proposition forward, and ensure we provide our customers with the high quality support they need. He has extensive experience in client engagement, technology strategy and operational support. He has also led global implementations of complex, highly-available front and middle office systems to users across the US, Europe and Asia," says Trotter. "We are delighted to have such a consummate executive as part of the BI-SAM team."
Schapiro will be based in BI-SAM's Boston office.