Cinnobar recruits head of sales for new monitoring service
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Cinnobar recruits head of sales for new monitoring service 02 October 2012Stockholm Reporter: Mark Dugdale
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Trading and clearing venue provider Cinnober Financial Technology has hired Michael Grecoff as head of sales for its recently launched trade monitoring service, Scila Compliance.
Scila Compliance is an independent multi-asset monitoring and trade surveillance system that was launched in May. It is aimed at investment banks and brokerages.
Before joining Cinnober, Grecoff was head of sales for SMARTS Broker products in Asia for Nasdaq OMX. He has managed the surveillance team at the Autorité des marches financiers in Quebec and the surveillance team for the regulatory authority of Canada’s TSX Venture exchange.
"It will be very exciting to take on and develop the Scila brand in market surveillance," says Grecoff. "As well being initiated in the technology industry, I have had good opportunities to study Cinnober’s success with Scila Surveillance. So receiving the opportunity to be a part of the successful Scila concept felt like a natural step to take."
Veronica Augustsson, head of sales for Cinnober, said: “I feel very pleased with the recruitment, as I think it will be an excellent solution for Cinnober and the development of the Scila brand. With his nearly 20 years of experience at various levels in the securities industry, including compliance and market regulation, Grecoff has the industry knowledge necessary to take this concept to the next level.”
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