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Acadia has appointed Stuart Smith and William Thomey to lead business development.

In these newly created roles, Smith will oversee business development for Acadia’s risk and data products, while Thomey will assume equivalent responsibility in the areas of workflow and deal management.

Both recruits will report directly to Acadia’s Chief Product Officer, Fred Dassori.

Based in London, Smith joins Acadia after seven years at FIS, most recently Vice President of Product Management. In this role, Smith led the product organization in inter-asset trading and risk businesses.

Based in New York, Thomey enters his new role at Acadia with nearly two decades of experience at JP Morgan Chase & Co.

During his mandate at JP Morgan, Thomey worked in operating, transformation and risk management roles, more recently occupying the position of executive director of post-negotiation of business and investment banks .

Speaking on the announcement, Dassori comments, “Will and Stuart bring a deep and diverse experience to Acadia. Their leadership will allow us to continue developing and delivering products that solve our clients’ problems and make our clients’ businesses more efficient.”

“I will build on its suite of risk and data products so that we continue to serve as trusted partners for all businesses as they manage the operational challenges of today’s regulatory environment.”

“One thing that distinguishes Acadia is its industry level partnerships, and I can’t wait to work in collaboration with customers to identify and assess the opportunities for improving and expanding our existing products and services while developing new industry standard solutions.”

Acadia recently extended its integrated risk management capacities to include pre-negotiation analysis, capital calculation and position assessment in addition to its main margin messaging solutions, guarantee management and uncompensated margin .

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