BT Radianz CEO Howard Edelstein has announced that he will step down from his position in order to pursue an interest in private equity investing. Edelstein, who joined Radianz in 2003 before it was purchased by BT in 2004, had also been named CEO of BT Global Financial Services in September of 2005. He will remain as an advisor to the company and assist in the search for his successor in the GFS unit.
Rick Snape will replace Edelstein as the new CEO of BT Radianz. Snape was most recently general manager of BT Radianz's Extranet business unit. His experience includes management roles at SunGard, Bridge, Bankers Trust and Telerate.
Additionally, Mark Akass has been appointed CTO of BT Radianz. Akass was most recently VP and head of engineering at the company, a position he held since the founding of BT Radianz in 2000. He has held positions at Equant and London Stock Exchange.
"The appointments of Rick Snape and Mark Akass reflect BT's commitment to building a world-class service provider devoted exclusively to the financial industry. These individuals bring a wealth of industry knowledge and experience to the table and will play a key role in implementing BT's value add vision for the global finance industry," said Neil Rogers, president of global business management at BT, in a release.