One of JP Morgan’s top technologists has left to join data and analytics FinTech firm FactSet as chief technology and product officer.
Gene Fernandez joins the FactSet after 10 years at the US investment bank in various senior technology positions, most recently as chief technology officer for new product development.
In the newly created role, he will oversee FactSet’s engineering, product development and quality assurance functions, reporting directly to the CEO, Philip Snow.
Snow said Fernandez’s industry and technical experience makes him uniquely suited to the position within the firm.
“We believe his global experience and deep understanding of the financial technology and data business will help drive the next phase of FactSet's growth,” he added.
FactSet also confirmed the departure of chief operating officer, Mark Hale, who has been with the company for 22 years. He will leave as of the end of this year to pursue other opportunities.
Snow explained Hale has played an important role in building FactSet’s product, technology and content capabilities throughout his time with the firm.
FactSet has been active this year in pushing its MiFID II initiatives and has embarked on several partnerships with Liquidnet and ONEaccess.
Liquidnet and FactSet joined forces to combine their unbundling tools ahead of MiFID II, providing a ‘full service’ for research management.