Bruce Fador Named Senior Partner at Gustin Partners
Bruce R. Fador, the former president and chief executive officer of WorldStreet Corporation has joined Gustin Partners, an executive-search firm for the technology industry based in Newton, Mass. as a senior partner. Fador will leverage his rolladex to help Wall Street technology companies recruit talent.
In February 2002, Fador sold WorldStreet Net to Thomson Financial Services. Coincidentally, Bob Lamoreaux, WorldStreet's former chief technology officer, joined Thomson Financial in August and is working with Jeremy Lehman, Thomson's senior vice president of application development, on integrating WorldStreet Net into the new First Call Analyst product.
After selling the assets of WorldStreet Corporation to Thomson, Fador considered a number of entrepreneurial opportunities. Then he reconnected with Charlie Gustin, the founder of the firm. Gustin asked Fador if he'd be interested in starting a financial-services practice within GP. "It was very appealing for a host of reasons," says Fador. "Having been a CEO for a lot of years, you build a lot of teams. I can sit as a peer on the other side of the desk from a board member or someone involved in a start up," he says. As the former president and CEO of First Call from 1992 to 1998, Fador knows most of the directors of research on Wall Street. For the past few months, he's been reconnecting with the MoneyLines and FactSets, and helping them in any of their search needs. While Fador admits that he does miss being a CEO, he says he's happy with the career change.
FISD Names Hartley Chief Technologist
The Financial Information Services Division (FISD) of the Software & Information Industry Association has hired James Hartley as chief technologist. Hartley, who will report to Mike Atkin, vice president, was a senior architect at Reuters prior to his appointment.
As chief technologist, Hartley will work to improve Market Data Definition Language (MDDL) specifications - flushing them out so MDDL will be more widely adopted. "My primary goal is to remove the barriers to adoption," he notes. Hartley realizes that it may take a few years for the industry to fully embrace MDDL, but after the first year he expects some progress, he says.
MDDL is an XML-based interchange format and common-data dictionary of the fields needed to describe financial instruments, corporate events affecting value and tradability and market-related economic and industrial indicators, according to MDDL.org.
Hartley joined Reuters as a result of its acquisition of Bridge Information Systems. His title at Bridge was "Catalyst, Office of the Chief Scientist." While at Bridge, he was part of an industry group that created MDDL in 2000. Hartley began his new post in early September.