The multi-carrier, e-commerce firm INTTRA said Monday it has named John F. Fay as its new chief executive officer, effective immediately.
Fay replaces Ken Bloom, who left INTTRA in March
to join the executive search firm Korn Ferry
Fay joins INTTRA after most recently serving as senior managing director and global head of commodities and currencies for Newedge Group, a multi-asset brokerage and clearing services firm, where he also served as a member of its executive committee.
“As INTTRA accelerates its strategy to deliver superior technology solutions and information services to customers worldwide, it is clear John is the right leader for the company,” INTTRA Board Chairman Jeff Ganek said in a statement. “With over two decades of experience in financial technology, electronic transaction processing and global financial exchanges — where he created new business value through easy access to global information — John brings the right combination of expertise, strategic vision and collaborative leadership to INTTRA.”
Fay joined Newedge in 2009 as CEO of Newedge USA and head of the Americas region. He also served as a board member of Newedge’s joint venture with CITIC Industries in Shanghai. Prior to Newedge, Fay was co-CEO of Instinet LLC, a global electronic institutional agency broker, where he played an instrumental role in the launch of Chi-X Europe, the first pan-European exchange under the Markets in Financial Instruments Directive (MiFID), INTTRA said.
“I’m pleased to join INTTRA at this time in the company’s history, where the opportunity to drive positive industry change has never been greater,” Fay said. “I look forward to building upon the company’s strong global network, deep industry connections, and innovative technology solutions to deliver ever-increasing value to our customers and accelerate growth.”
Fay’s experience also extends to the electronic financial services industry — he was part of the leadership team at Goldman Sachs that developed and launched GoldmanSachs.com, an electronic investment platform for high-net-worth customers. Fay began his career at Morgan Stanley-Dean Witter, helping to grow the firm’s online retail electronic brokerage business.