Fred Naddaff has joined SunGard's Asset Management business as managing director of strategic business development. He reports to Harold Finders, chief executive officer of SunGard Financial Systems.
Naddaff was president of Citi Fund Services until earlier this year. The MFWire.com reported that Naddaff left Citi in March.
The hiring was not the only one announced by SunGard Asset Management. The back-office specialist also signed on Mike Rogalski as chief operating officer of trust and retirement services for SunGard's wealth management business.
Company Press Release
New York, May 10, 2012- Fred Naddaff has joined SunGard’s Asset Management business as managing director of strategic business development. In this role, Mr. Naddaff will formulate a comprehensive managed services strategy that leverages SunGard’s expertise in core asset servicing systems and processes to complement its customers’ business models. He brings 30 years of experience in the financial services industry, including executive-level positions at high-profile firms including Citi, BISYS, First Data and State Street/BFDS. Most recently, he served as president of Citi Fund Services, Inc. and provided executive oversight for Citi’s North America outsourcing services. A frequent speaker at industry conferences, Mr. Naddaff currently serves as vice chairman on the board of directors of the National Investment Company Service Association (NICSA).
Mike Rogalski has joined SunGard as chief operating officer, trust and retirement services for SunGard’s wealth management business. In this role, Mr. Rogalski will have responsibility for development, servicing and distribution of the AddVantage, Charlotte, Global Plus, Omni and Relius solutions. Mr. Rogalski has over 22 years of business and operational expertise at industry leading corporations, including Ernst and Young, ADP and Aon Hewitt. During his career, Mr. Rogalski has held a variety of executive-level roles focused on strategic business development, including launching new outsourcing services and growing existing businesses, as well as increasing operational efficiency across global teams. Most recently with Aon Hewitt, he had strategic and operating oversight for one of the company’s fastest growing businesses, the Point Solutions division, a business process outsourcing team operating in 11 service centers. Mr. Rogalski has an MBA from the University of Michigan.
Harold Finders, chief executive officer of SunGard Financial Systems, said, "Regulatory requirements and economic pressures across the financial services industry are driving organizations to seek managed services offerings that can help them reduce the burden on internal IT, increase operational efficiencies and achieve greater economies of scale. As a result, cloud computing, business processing outsourcing and technology solutions are converging onto managed services platforms to help financial institutions perform and reconcile business transactions more efficiently."
SunGard’s managed services offerings include full service maintenance and 24/7 production support of financial services and energy customers' application portfolios combined with business process outsourcing. SunGard provides a global delivery model from secure onshore and offshore locations to cost-effectively support customer business operations.
About SunGard
SunGard is one of the world’s leading software and technology services companies. SunGard has more than 17,000 employees and serves approximately 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about $4.5 billion, SunGard is the largest privately held software and services company and was ranked 434 on the Fortune 500 in 2011. Look for us wherever the mission is critical. For more information, please visit www.sungard.com.
Trademark Information: SunGard, the SunGard logo, AddVantage, Charlotte, Global Plus, Omni and Relius are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.
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