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FD Technologies (AIM: FDP.L, Euronext Growth: FDP.I) today announces the appointment of Usama Fayyad as a Non-Executive Director of the Group with effect from 19 January 2022. This Board appointment supports the Group’s strategy to extend KX’s market-leading position for in-the-moment decision making and the continued focus on growth in First Derivative and MRP.
Usama is the inaugural Executive Director of the Institute for Experiential AI at Northeastern University in Boston, a role focused on building the world’s leading research institute in AI and data science. He is also the founder and Chairman of Open Insights, a company focused on helping enterprises drive full value from their data assets. He brings extensive experience in technology innovation and leadership around data analytics, data science and data platforms gained from holding senior roles in large enterprises including those in the financial services, technology and telecoms sectors.
Usama started his career at Nasa’s Jet Propulsion Lab. After leadership roles at Microsoft Research and Microsoft SQL Server, he became Yahoo’s first Chief Data Officer. From there, Usama became Global Chief Data Officer at Barclays in London where he led digital transformation projects that reduced costs and helped create new data products.
“I’m looking forward to working with my fellow Board members and colleagues across the Group,” said Usama Fayyad. “A large part of my professional career has been dedicated to helping companies, in all sectors, turn their data into valuable business assets. This closely aligns with FD Technologies’ vision of helping the world’s most ambitious companies realise the value of their data, technology and business operations to drive their organisations forward.”
Donna Troy, Chairman of FD Technologies, said: “Usama’s cross-industry experience in data platforms and analytics, his sector expertise and deep specialisation in AI and machine learning are highly relevant and valuable skills that will assist the Group’s strategy. I am delighted to welcome him to the Board.”
The following information is disclosed pursuant to Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies
Usama Mohammad Fayyad (58 years old) has been a director or partner of the following companies during the five years preceding the date of this announcement:
|Current directorships and/or partnerships||Past directorships and/or partnerships|
|Postproces Technologies, Inc||InvenSense Inc|
|Open Insights Group Inc||Virsec Systems, Inc|
|Open Insights Technology Corporation||Oasis500|
There is no other information that is required to be disclosed pursuant to paragraph (g) of Schedule Two of the AIM Rules for Companies.
For further information please contact:
FD Technologies plc
Seamus Keating, Chief Executive Officer
Ryan Preston, Chief Financial Officer
Ian Mitchell, Head of Investor Relations
+44(0)28 3025 2242
Investec Bank plc (Nominated Adviser and Broker)
+44 (0)20 7597 5970
Goodbody (Euronext Growth Adviser and Broker)
+353 1 667 0420
J.P. Morgan Cazenove (Broker)
James A. Kelly
+44 (0) 20 7742 4000
FTI Consulting (PR Adviser)
+44 (0)20 3727 1000
FD Technologies is a group of data-driven businesses that unlock the value of insight, hindsight and foresight to drive organisations forward. The Group comprises KX, the leading technology for real-time continuous intelligence; First Derivative, which provides technology-led services in capital markets; and MRP, the only enterprise-class, predictive Accounts Based Marketing solution. FD Technologies operates from 15 offices across Europe, North America and Asia Pacific, and employs more than 3,000 people worldwide.
For further information, please visit www.fdtechnologies.com and www.KX.com