Business

FD confirms senior management change as former banker takes global operating role

David Humphries
David Humphries David Humphries

NEWRY big data firm First Derivatives has confirmed another significant senior management change with the appointment of former banker David Humphries as its global chief operating officer.

Reporting directly to the firm's chief executive Seamus Keating, he will have global responsibility for all operations including business systems, methodologies, processes and controls.

He will drive the company’s operational efficiency and effectiveness aligned to its strategy and in support of First Derivatives’ strong growth goals.

He said it was “an exciting time” to by joining First Derivatives, which last month posted record revenues of close to £240 million.

David has worked for more than 30 years across the professional services, software and financial services markets in a series of financial, operational and M&A leadership roles, latterly being finance director of group transformation for the Lloyds Banking Group.

Before that he held a number of senior finance and operational roles across software and professional services at Logica plc and at Axiom Systems Limited.

He started his career at Deloitte in London where he worked for 10 years in it corporate finance and insolvency practices.

David said: “FD has a strong services and consulting heritage in the financial markets where it supports the trading, analytics and surveillance operations for the world’s leading banks.

“This has enabled it to expand Kx software into other industry sectors such as automotive, high-tech manufacturing, telco and oil and gas.

“There is enormous growth potential as we further operationalise our strategy focused on helping businesses change the game with actionable data insights.”

Seamus Keating said: “David has a wealth of experience in technology and services companies where he has developed and operationalised growth strategies while delivering efficiency and effectiveness.”