The management team of Chicago-based consultancy Apogee Strategies has joined Gravitas, an India-based technology provider to the alternative investment industry, following a joint venture launched in 2011.
Under the agreement, Apogee CEO Christopher Burnett, CTO Kevin Holl, director of marketing Derek Huyser and other executives will formally join the Gravitas team. Gravitas and Apogee entered into a joint venture in September of 2011 to provide investment management firms in the American Midwest region with a suite of services that included a local network operating center and systems and software.
"Today's announcement resoundingly validates our collective value proposition for the industry and is the logical consummation of a long-standing relationship as partners," says Burnett, now a director at Gravitas. "We are proud to be taking this important step as we continue to bring Gravitas's full offering, including cloud, co-sourcing and risk support services to the alternatives community in Chicago and the Midwest region."
"The brokerage business is at an inflection point, requiring innovative solutions that embrace unprecedented operational and technological capabilities," says Paul Geiger, CIO of Thalēs Trading Solutions, which has been working with Gravitas Chicago since 2012. "The integration of these outstanding professionals with Gravitas is great news for Thalēs, and we're excited to be working with this exceptional team under the Gravitas banner."
Anthony and James look at developments pertaining to the Consolidated Audit Trail and wonder if big-tech companies could challenge traditional asset managers.Subscribe to Weekly Wrap emails
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