PARSIPPANY, NJ--(Marketwired - Jul 21, 2014) - INTTRA , the world's largest multi-carrier e-commerce network for ocean shipping, today announced that John F. Fay has joined the Company as Chief Executive Officer, effective immediately. Fay brings with him vast experience in transforming and growing global technology and information services businesses, most recently as Senior Managing Director and Global Head of Commodities and Currencies for Newedge Group, a world leader in multi-asset brokerage and clearing services, where he also served as a member of its Executive Committee. Fay replaces Ken Bloom, who announced his departure from INTTRA in March 2014.
"As INTTRA accelerates its strategy to deliver superior technology solutions and information services to customers worldwide, it is clear John is the right leader for the company," said Jeff Ganek, INTTRA Board Chairman. "With over two decades of experience in financial technology, electronic transaction processing and global financial exchanges -- where he created new business value through easy access to global information -- John brings the right combination of expertise, strategic vision and collaborative leadership to INTTRA."
Fay joined Newedge in 2009 as CEO of Newedge USA and Head of the Americas Region. He also served as a board member of Newedge's joint venture with CITIC Industries in Shanghai, China. Prior to Newedge, Fay was Co-CEO of Instinet LLC, a leading global electronic institutional agency broker, where he had previously held the role of Co-President, Head of Europe and Asia. There, he played an instrumental role in the launch of Chi-X Europe, the first pan-European exchange under the Markets in Financial Instruments Directive (MiFID). At Instinet, Fay also served as Global CFO and Head of Strategy, after Instinet's acquisition of Island ECN.
"I'm pleased to join INTTRA at this time in the company's history, where the opportunity to drive positive industry change has never been greater," said John F. Fay, CEO of INTTRA. "Together with INTTRA's employees, I look forward to building upon the company's strong global network, deep industry connections, and innovative technology solutions to deliver ever-increasing value to our customers and accelerate growth."
Before joining Island, Fay was a Vice President at Goldman Sachs, where he was part of the leadership team that developed and launched GoldmanSachs.com, an electronic investment platform for high net worth customers. He joined Goldman Sachs from Morgan Stanley, where he began his career. At Morgan Stanley-Dean Witter, John played a key leadership role in the rapid growth of the Firm's online retail electronic brokerage business. John has a Master of Business Administration from New York University, Stern School of Business and is a graduate of Mount St. Mary's College in Maryland.
About INTTRA
INTTRA is the world's largest, multi-carrier e-commerce network for the ocean shipping industry. INTTRA professionals work with 52 leading carriers and NVOCCs, 109 software alliance partners, as well as their customers, to streamline and standardize their shipping processes worldwide through a network of more than 220,000 shipping professionals. Over 550,000 container orders are initiated on the INTTRA platform each week, representing 22 percent of global ocean container trade.
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