TT Names New CIO, CTO; Opens Office in India, Expands London Office

TT expands into India with office in Pune.

Drew Shields was named TT's new CTO.

Mayhew has served in a variety of roles since joining TT back in 2008, most recently as vice president of global operations. Prior to joining TT he worked at Tellabs, which provides optical network technologies.

Shields joined TT back in May 2014 as its director of product management and marketing. Prior to that, he held positions at Bank of America, Infinium Capital Management, software company Symphono and, most recently, at OptionsHouse.

As to the office openings, as detailed by TT CEO Rick Lane in a blog post, on June 1 the vendor opened an office in Pune, India, which is located on the outskirts of Mumbai. This marks TT's entry into India.

"Initially focused on engineering, we plan to eventually build a sales team as we expand into the region," Lane writes. "Our hopes of finding top-tier talent were realized, as we've already made four new hires for both client and server teams, and we plan to grow by one or two more in the coming weeks and months. I personally will be making a trip to Pune next month to meet the team, and I couldn't be more excited, both for my visit and for what this means for TT."

Finally, beginning on July 6, TT is also expanding its office in London and will add engineers.

"Following the same model as with our India office, we are sending one of our most senior Chicago-based engineers to London (which already has some of the best sales, support and operations folks in the business) to build the team. We've already made a few great hires, and we're excited to continue growing there as well," Lane says.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

A rough race begins: Industry faces uphill transition to T+1 settlement

With T+1 compliance set to begin next May, firms will likely be burdened by reduced IT budgets, existing legacy systems and manual processes over the next 15 months. So, while faster settlement will help innovate the middle and back office, some argue industry needs a longer timeline.

Build versus buy: How to evaluate your software

For as long as the investment management industry has used software, there has been a debate about whether asset managers should build or buy their tools. Jonas Svallin, global head of quantitative research and product development at FactSet, argues that…

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here