Scivantage Appoints Andrew Haines to Chief Information Officer

Industry veteran and award-winning technology executive joins firm to foster culture of innovation, enhancing Scivantage’s product offering to clients

JERSEY CITY, NJ — Sept. 26, 2012Scivantage®, an independent financial technology provider with proven expertise in online brokerage, tax and portfolio reporting and wealth management applications, announced today the appointment of Andrew Haines as Chief Information Officer (CIO). In his new role, Haines will be responsible for working with the management team to enrich the company’s business growth and client services strategy, as well as streamline product development and delivery.

Based in Jersey City, NJ, and reporting directly to Scivantage CEO Adnane Charchour, Haines has more than two decades of experience in the financial services industry. Prior to joining Scivantage, Haines was CIO at GAIN Capital Group where he led all aspects of technology strategy and built an award-winning trading platform. Haines has also held senior technology management positions at Merrill Lynch, Salomon Smith Barney, and Virtual Growth/Insperity.

“Andrew has worked in the financial industry for the majority of his career and brings a wealth of knowledge and experience in both the institutional services and retail technology sectors, which will allow us to continue expanding into new markets,” Charchour said. “We are delighted to welcome Andrew to our management team and I am confident in his ability to drive Scivantage’s innovation strategy as we move into the next phase of our growth.”

“I’m looking forward to working closely with this high-caliber team to streamline and extend Scivantage’s world-class products for the global financial community,” Haines said. “Having known the Scivantage team previously as a client, I am excited to be joining the firm at this stage of growth.”

Haines was recognized by the New Jersey Technology Council as the 2012 “CIO of the Year,” and was also in Wall Street & Technology’s Gold Book (2010) as one of the industry’s most innovative technology leaders. He is also an accredited author, having most recently published, “Updating Your Company’s Technology Strategy: Leading CTOs and CIOs on Working with the Executive Team, Managing Budgeting Constraints, and Delivering Business Value” in October 2010. Haines holds a Masters in Information Management from the Stevens Institute of Technology. In addition, he earned a BS in Business Administration with a focus in Finance and a Minor in Management Information/Decision Support Systems from the University of Delaware.

About Scivantage

Scivantage is an independent financial technology provider with proven expertise in online brokerage, tax and portfolio reporting, and wealth management applications that automate and integrate key business practices for broker-dealers, mutual funds, custodians and prime brokers. From trade order processing and account management to comprehensive cost basis reporting and automated account opening, maintenance and funding, Scivantage’s back-office independent solutions enable financial institutions and financial professionals to dramatically reduce operational costs, strengthen customer relationships and improve productivity. For more information, please visit www.scivantage.com or contact us at +1.866.724.8268.

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Posted in Press Release.