Newest Board Member Brings Extensive Leadership, Strategic Planning and Business Development Experience to Scivantage

JERSEY CITY, NJ — January 21, 2016 — Scivantage®, a Global FinTech 100 technology provider of Wealth Management and Cost Basis solutions, today announced the expansion of its Board of Directors to include longtime financial services and technology senior executive, Joseph Velli.

Mr. Velli brings extensive leadership, operating, M&A, strategic planning, business development and board experience to Scivantage. For most of his career, Mr. Velli served as a Senior Executive Vice President of The Bank of New York and as a member of the Bank’s Senior Policy Committee. During his tenure with the Bank, Mr. Velli’s responsibilities also included heading Global Issuer Services, Global Custody and related Investor Services, Consumer Banking and Global Marketing and Sales. In late 2006, Mr. Velli help to spearhead the launch of BNY Convergex Group and served as its first Chairman and CEO.

“Joe’s mix of global securities processing, online brokerage, and sales and marketing expertise is a great complement to the already strong skill set on our Board,” said Chris Calhoun, Chief Executive Officer at Scivantage. “His extensive industry experience and proven leadership are exactly what we need as we move Scivantage into its next phase of growth.”

Mr. Velli serves on various board committees and currently Chair’s Paychex’s Corporate Development (M&A) Committee and Computershare’s Remuneration Committee. He also served on the Boards of E*TRADE Financial Corporation, E*TRADE Bank and American Management Systems, Inc.

Mr. Velli holds an M.B.A. in Finance from Fairleigh Dickinson University and a B.A. in accounting from William Paterson University of New Jersey.

“As we take Scivantage to the next level, we need a team with both the background and the vision to help us broaden our business base,” said Charles Shufeldt, Senior Advisor, Brown Brothers Harriman and Scivantage Board Member. “Joe’s extensive experience in driving the strategic direction of a board will be key to us realizing the vision we have set forth for Scivantage.”

About Scivantage

Scivantage® is a Global FinTech 100 technology provider of Wealth Management and Cost Basis solutions. With proven expertise in online brokerage, tax and portfolio reporting, and wealth management applications, Scivantage delivers intelligent and actionable information that goes beyond the boundaries of traditional financial software, helping improve investment decisions. Leading financial institutions, including broker-dealers, mutual fund companies, bank custodians, trust and prime brokers, depend on Scivantage’s cloud-based technology to achieve critical business insights, generate new revenue and build stronger customer relationships. For more information, please visit or contact us at +1.866.724.8268.

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