Calastone, the global funds transaction network, has appointed former SunGard chief executive Cristóbal Conde as a non-executive director.

Calastone, the global funds transaction network, has appointed former SunGard chief executive Cristóbal Conde as a non-executive director.

Based in London, Conde will take a seat on the main Calastone board and has also purchased a minority stake in the privately held business.

Prior to joining Sungard, Conde co-founded a fintech software business, Devon Systems, in 1983 serving the derivatives markets globally. After SunGard acquired it in 1987, Conde ran his business as a division of SunGard, before being promoted to run the entire firm. Conde stepped down from SunGard in May 2011.

He currently serves as a senior member of the Partnership for NYC Fund’s fintech incubator for software companies and is a senior advisor to TPG Capital. He also serves on several for-profit and non-profit boards.

In a statement, Calastone said that Conde’s appointment would help the firm “accelerate its growth trajectory”.

“When we announced our latest fundraising, we suggested we would be bringing in proven talent to deliver against our global strategic plan. Cris brings three decades of technological expertise and I am looking forward to drawing on his knowledge as we accelerate our company’s growth across a number of international markets,” explained Julien Hammerson, chairman and chief executive of Calastone.

The global fund transaction network currently has 17 domiciles including the UK, Switzerland, Hong Kong, Taiwan, Singapore and Australia, from which it services customers looking for full automation of fund transactions.