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ON THE MOVE March08 21/2/08 9:04 Page 1
IN BRIEF
l
ON THE MOVE
ONTHEMOVE
WHO’S GOING WHERE... email: Drew Hillier dhillier@russellpublishing.com
AHMASS L. FAKAHANY TO RETIRE
FROM MERRILL LYNCH
Ahmass L. Fakahany, 49, co-president and chief
operating officer of Merrill Lynch has informed the
company of his decision to retire and will leave his
current role, effective February 1. Mr. Fakahany joined
Merrill Lynch in 1987 and has served in a variety of
senior roles. "Upon my arrival, Ahmass informed me
of his intention to transition out of Merrill Lynch in
the first quarter and pursue other interests. He has
been the consummate professional. He provided
leadership during this challenging period and has
transitioned the new team," said John A. Thain,
chairman and chief executive officer of Merrill Lynch.
"With more than 20 years at Merrill Lynch, his
contributions have been deep and broad, especially in
leading our strategic growth and position outside the
United States. On behalf of the management team
and the board of directors, I thank him for his years
John A. Thain
Chairman and Chief Executive,
of service." ■
Merrill Lynch
SKYSPARC CONSOLIDATES
GROWTH WITH APPOINTMENT
OF NEW PARTNER
SkySparc, the leading provider of complementary successful track record in global sales and
products and services to Wallstreet Suite, has marketing, will make significant contributions to
added Thomas Bergqvist to the company, as both a SkySparc's future growth."
major shareholder and partner. Bergqvist, together Bergqvist worked at Trema for seven years and
with SkySparc's founder and CEO Mattias was instrumental in building the company's
Sandström, will lead the company in building on success in the global treasury market. During his
SkySparc's growth and success to date. The tenure as CMO, Trema grew its revenues and client
company saw revenue increase by 50% in 2007 base significantly and cemented its position as the
and has plans for further expansion. Mattias undisputed global leader in treasury software.
Sandström, founder and CEO of SkySparc said: "I Trema was successfully acquired by Wall Street
am delighted that Thomas has joined [SkySparc], Systems. Prior to Trema, Bergqvist held
his in-depth industry knowledge and extensive management positions within the trading arms of
senior management experience, in addition to a ABN AMRO and Handelsbanken Markets. ■ Thomas Bergqvist
www.fx-mm.com MARCH 2008 FX&MM
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