February 2, 2017 — 4:15 PM UTC by RIABiz

John Grimaldi has been named chief operating officer of Bedford, N.H.-based RedBlack Software, which provides the financial advisory sector with rebalancing, order management and trading products required to manage complex portfolios.

In the newly created position, Grimaldi will use his operational expertise to help expand RedBlack’s capabilities and broaden the technology to adjacent markets.

Prior to joining RedBlack, Grimaldi worked for15 years in executive roles of increasing responsibility at SunGard Data Systems. Most recently, he served as group president of SunGard, leading the Securities Finance and Processing business unit, a global organization with 850 staff in more than 20 countries. In that role, he was a member of the SunGard Financial Systems Executive Committee, which was responsible for overall operational strategies, strategic acquisitions, financial reviews and operating policies.

Before that, he was EVP for the company's North American Securities Processing business and EVP and general manager for the Securities Finance business unit.

.Grimaldi joined SunGard in 2001 as a result of its acquisition of Loanet Holdings, where he had been a senior vice president overseeing the North American securities finance business.

“John is a seasoned operating executive with 34 years of experience in the financial services industry, including key leadership positions with one of the world’s largest financial services software companies,” said Daniel C. Potter, RedBlack’s president and CEO. As COO, John will drive all aspects of day-to-day operations at RedBlack, including client support, sales, product management, financial management, operating policies and procedures.”

RedBlack works with more than 100 single and multi-family offices, wealth advisors, large financial institutions, trust companies, registered investment advisors, pension funds and foundations representing more than $200 billion in assets under management.




“Our ability to attract a leader with John’s background and skillset speaks to the outstanding reputation of the RedBlack brand and the unsurpassed quality of our rebalancing and trading platform in the marketplace,” Mr. Potter said. “As we address the needs of our clients and further build velocity in our business, John’s expertise will be invaluable in maximizing the value of our products and executing our operational roadmap. His appointment also will enable me to focus more broadly on areas such as strategic planning, business alliances and partnerships, ensuring that RedBlack is effectively positioned with our stakeholders.”


“RedBlack is a dynamic, rapidly growing organization driven by a commitment to deliver solutions customized to each client’s unique workflow and portfolio management requirements. Under Dan’s leadership and that of co-founder Roel Vlemmings, the Company has established its portfolio rebalancing and trading solution as best-of-breed, foundational technology for the investment management industry. I am excited about the opportunity to use my operational expertise to help expand our capabilities and broaden our technology to adjacent markets,” Mr. Grimaldi said.

About RedBlack

RedBlack provides investment professionals with the rebalancing, order management and trading solutions required to manage complex portfolios. At RedBlack’s core is a disciplined focus on client-driven design, innovative technology and agile delivery to ensure that our solutions continuously evolve to meet the demands of our clients and the industry. Intuitive software, personalized training, and dedicated support deliver an immediate return on investment and a strong long-term relationship.




For more information, visit www.redblacksoftware.com.

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