Business

Former eBay CTO joins board of First Derivatives

First Derivatives bought out all remaining shares in Kx Systems during 2018.
First Derivatives bought out all remaining shares in Kx Systems during 2018. First Derivatives bought out all remaining shares in Kx Systems during 2018.

EBAY’S former chief technology officer (CTO) Steve Fisher has joined the board of Newry’s First Derivatives (FD).

Mr Fisher (56), who stepped down as eBay CTO in May 2019, will take on a non-executive role on the board of directors.

In a statement last year, eBay’s chief executive Devin Wenig said the senior figure was leaving “to focus on health issues that his family is facing”.

Mr Fisher had led the core product and technology team responsible for eBay marketplace, eBay’s global payments business and its multi-channel marketing platform and operations team.

He had previously spent ten years at salesforce.com, and holds the patents for 21 inventions.

FD said the New Jersey-based tech expert would assist the expansion of its Kx streaming analytics platform into other industries “adjacent to and outside of its capital markets heritage”.

Commenting on his appointment, Mr Fisher said: “As the pace of digital transformation across industries continues to accelerate, the capture and analysis of real-time data at scale to drive decisions has become a top priority for businesses.

“I see significant opportunities for Kx to underpin the data management and analysis infrastructure businesses require to extract the full value of their data.

“I am delighted to join the FD board as a non-executive director and look forward to contributing to the group’s success.”

FD chair Donna Troy, added: “Our board comprises outstanding industry leaders across the technology and software space with the experience and skills to support our vision and high growth potential.

"Steve’s technology development experience, gained at innovative, world-class companies, will enable him to make a significant contribution to our development. I am delighted to welcome him to the board.”