Fincentric Corporation, a global provider of wealth management and banking software,announced that the company's board of directors has appointed Nick Mancini, president and CEO of Assante Canada, to its board of directors. Assante Corporation is a provider of integrated wealth- and life-management services. As president and CEO, Mr. Mancini leads a network of 1,500 advisors and manages a staff of 550 employees who work in the areas of sales and marketing, advisor recruitment, operations, information technology, finance and human resources. Prior to Assante, Mr. Mancini held senior executive positions in the financial services and information-management industries.
Spectra Securities Software Inc. announced its unaudited first-quarter results for the three months ended Nov. 30, 2001. Revenues for the quarter were $5.6 million, an increase of 29 percent over the same period last year. Spectra Securities Software offers a full range of wealth-management solutions. Founded in 1989, Spectra is headquartered in Toronto, with international offices in New York and Sydney, Australia.
Investment Technology Group, Inc., a provider of technology-based, equity-trading services, announced that for the fourth quarter ended Dec. 31, 2001, revenues increased 31 percent over fourth quarter 2000 levels to $100 million, net income increased 57 percent to $22.8 million and diluted earnings per share increased 48 percent to $0.46. For the year ended Dec. 31, 2001, revenues increased 22 percent to $377.4 million, net income increased 24 percent to $78.9 million and diluted earnings per share were up 21 percent to $1.62 compared to $1.34 in 2000.