Sparacino Joins CSI as Mercado Departs

Software vendor Collaborative Software Initiative has hired Philip Sparacino as executive vice president for its financial services business, taking over from Emilio Mercado, who has joined interdealer broker Icap.

Sparacino joined CSI in December from IT consultancy Lloyd, where he was managing director, prior to which he was a director at Merrill Lynch responsible for various projects in equities markets technology and enterprise information management. Before that, he spent eight years at

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