First Derivatives’ founder and CEO Brian Conlan has died, it has been announced, after being diagnosed with cancer earlier this year.
In a statement the firm says that it regrets to announce that Conlon passed away on 28 July. It adds that it has initiated a process to appoint a new CEO and will provide an update on progress with that process in due course. In the interim period, non-executive chairman Seamus Keating has been appointed executive chairman with immediate effect.
“Brian built a world-class business in First Derivatives,” Keating says. “His drive, ambition and determination inspired all who had the privilege to work with him. This news is a profound shock to all of us. We offer Brian’s family our sincerest condolences and ask for privacy on their behalf at this sad and most difficult of times.”
Conlan founded First Derivatives in 1996 and has led its development ever since. His background is in the capital markets sector where, following training with KPMG, he joined the risk management team in Morgan Stanley International, London. He then joined SunGard as a capital markets consultant, during which time he worked with more than 60 financial institutions worldwide. He left in 1996 to set up First Derivatives.