Rob Flatley, the former head of Autobahn equity at Deutsche Bank, has been named CEO and president of securities data management outfit Netik, ousting long-term CEO and co-founder John Wise and incumbent president Colin Close.
Until February 2010, Flatley served as the global head of Autobahn equity at Deutsche Bank. Prior to this, Flatley was the managing director of electronic trading services for Bank of America. Flatley has also served time on the vendor side of the fence, as COO of Boston based OMS vendor Macgregor and as SVP, worldwide sales and marketing at FTI, the predecessor of GoldenSource.
Andy Eckert, general partner of Symphony Technology Group, says: "Rob's 20 year track record of enduring success on both the vendor and broker side of the financial services and securities industries make him uniquely qualified to lead Netik to the next level in today's dynamic marketplace."
California-based STG replaced BNY Mellon - which took a 51% stake in the data warehouse firm in 2004 - as Netik's primary investor in 2004. At the same time, the firm acquired the reference data business of CapCo, retaining Wise as CEO, and installing Netik CIO Close as president of the combined firm.
Netik has not disclosed reasons for the change of management, nor the future plans of Wise and Close.