New York-based data visualisation company NeoVision Hypersystems has elected Deutsche Bank executive Mark Gelnaw to the board of directors. The non-executive appointment follows the recent completion of a $7 million equity investment in NeoVision led by DB eVentures, Deutsche Bank's venture capital arm focused on financial services.
NeoVision's core product, Heatmaps, are live, colourful pictures of financial information that dynamically change in real time. Gelnaw says several Deutsche Bank departments are keen on utilising the technology.
Only last month Gelnaw was appointed global chief operating officer for alternative investment products and head of strategic funds at the giant German bank. Both areas are part of the bank's recently announced private client and asset management division. Previously, he was global COO of Deutsche Asset Management and global head of equity finance, including responsibility for North American equities and the arbitrage group.
NeoVision recently appointed Brian Barefoot, former executive vice president and director of investment banking for PaineWebber as president and CEO. The company has also signed a deal with Bridge Information Systems for the installation of Heatmaps on BridgeStation desktops.