Hedge fund administration software provider GBST announced Tuesday that it has appointed a new head of business development to oversee the Americas.
Australia-based GBST said in a statement that John E. Kehoe, based in the firm’s New York office, will work directly with GBST CEO North America Liz Bevan to expand the company's footprint in the region.
Kehoe most recently headed the global sales and account relationship management for automated corporate actions solutions provider XcitekSolutionsPlus, which was acquired by SunGard in December 2012.
Bevan explained in the statement that GBST only entered the U.S. market about six months ago and has “seen strong interest from U.S. financial institutions wanting to improve and streamline their clearing and settlement processes in the middle and back office.” Kehoe has already developed an extensive network of contacts and product knowledge for customer markets including hedge funds, investment managers and broker dealers.
BST has offices throughout Australia, London and New York as well as operations in Hong Kong, Paris and Singapore.