SunGard appoints two new presidents

SunGard Trading and Risk Systems has appointed new presidents to lead two of its operating units. Paul Murphy becomes president of SunGard Collateral and Steve Husk joins as president of Credient/Infinity. Both Murphy and Husk will report to Jim Ashton, chief executive of SunGard Trading and Risk Systems.

Murphy is familiar with the SunGard Collateral solution, having led the team while at UK-based software firm, Synamic, where he played a key role in growing its collateral business prior to its sale to SunGard in 1999.

Husk, meanwhile, joins SunGard from Iris Financial Engineering, a supplier of custom-built software solutions for the capital markets, where he was managing director and chief executive. He will lead SunGard's credit risk management market projects, with oversight for Credient, a global credit risk management and control solution delivered via an application service provider framework.

Husk's previous experience includes positions as head of sales within Oracle's European-based financial services division. He holds an MBA from the Wharton School of Finance, University of Pennsylvania, and served as senior vice-president of Infinity Financial Technology between 1994 and 1999, before the subsequent re-branding to SunGard Trading and Risk Systems.