Calastone, the largest global funds network, has appointed Nick Parsons as Chief Technology Officer (CTO).
As CTO, he is responsible for Calastone’s technology operations as well as product strategy and development.
Bringing over 30 years’ experience in the IT and asset management industry, Parsons is a proven technology leader recognised for specialising in financial sector solutions for fund managers, wealth managers and administrators.
Before joining Calastone, he held various c-level leadership roles at Bravura Solutions, including CTO, COO and CEO. Prior to joining Bravura Solutions, Nick was the Chief Technology Officer for DST Global Solutions (now part of SS&C), where he was responsible for driving technical innovation across a diverse product range.
Digital innovation remains a key priority for the business. To continue driving forward the firm’s leadership and market adoption of new digital investment vehicles, Calastone has appointed Adam Belding as chief architect, where he will be responsible for leading Calastone’s Digital Investments programme and collaborating with clients to enable new digital ‘tokenised’ investment models – the next generation of collective investment.
Julien Hammerson, chief executive officer at Calastone, said: “I am delighted to welcome Nick Parsons onboard as Chief Technology Officer. Nick’s exceptional industry experience, deep technological expertise, and proven track record of strategic leadership will play an important role in strengthening Calastone’s senior leadership team.
“The funds industry is undergoing a major transition to digitalisation. As our network continues to grow, Nick will be instrumental in leading our future technology strategy as we expand the business into new verticals and continue to support our clients through the next phase of automation.
“I am proud of the progress we have made so far in driving innovation in the tokenisation of assets. Adam will play a critical role as Chief Architect in leading the funds industry into a new era, which will see tokenised investment vehicles become the standard.”
Parsons said: “I am thrilled to be joining the company pioneering the digital transformation of the funds industry globally and transforming multiple new areas of the value chain, and I am looking forward to working with Adam in his new role as we bring our Digital Investments platform to market.
"I have long admired Calastone’s history of adapting and innovating to meet market needs across the asset management industry and the business is well placed to support asset managers and servicers on their digitalisation journey. I look forward to joining Calastone’s talented and driven team as CTO and helping to drive the growth of the business as it expands globally.”
