City Networks names new chief executive

City Networks, a London-based software and services provider for the treasury and derivatives markets, has named Costa Christodoulou as its new chief executive.

Christodoulou, who was previously the business development director at the company, will take responsibility for all global operating units, replacing Richard Hill.Christodoulou has previously held positions as the director of European operations at ACT Financial Systems, part of the Misys group, and management positions at Alltel and Unisys. Hill, who founded City Networks, will remain at the company, taking the new title of president.

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