SOURCE: Gate Technologies

GATE Technologies

April 04, 2011 13:06 ET

GATE Hires Veteran Markets Executive to Expand Market Technology Footprint

NEW YORK, NY--(Marketwire - April 4, 2011) -  GATE Technologies, a global financial technology company creating market infrastructure for buying and selling illiquid and alternative assets, announced that Sam Aizenberg has joined the company in the newly created position of Director of Application Development.

Aizenberg will join GATE in creating technology to open previously closed and illiquid markets, in the same manner as GATE's first marketplaces, which are focused on the United States and Global Impact Investing. More new markets, which the company calls GATE Developing Markets ("GDMs"), are planned across multiple asset classes and geographies.

"Sam will help us refine and improve our current product offerings, find synergies between products and help expand into new areas," said GATE CEO Vince Molinari. "Sam's lifetime of work on innovative financial products will support us in our effort to continue to grow faster, farther and better."

Aizenberg brings over three decades of experience working with a variety of financial products and markets including fixed income, money markets, equities, foreign exchange and derivatives. He has a deep knowledge of how market participants interact with each other, including their interaction with all major electronic trading venues.

He joins GATE from SunGard Data Systems, where he ran the BondOne (formerly DSTS) product, a real-time, multi-currency fixed income inventory sourcing, trade and order management system used by over 10,000 participants. Prior to SunGard, Aizenberg worked in a variety of financial technology roles, including executive vice president and co-founder of Decision Software and as a senior vice president at Citigroup developing fixed income back office systems.

"My entire career has been centered on cutting-edge financial technology systems," Aizenberg said. "I am excited to be joining GATE because I feel the expansion to electronic markets will be a major element in the maturation of the alternative asset management industry as people everywhere seek financial flexibility and liquidity."

About GATE Technologies LLC
GATE Technologies is an innovative financial technology company creating a new market infrastructure for bringing efficiency, transparency and liquidity to the unstructured global alternative asset markets. The company offers fully electronic, customizable solutions for qualified investors providing an end-to-end investment solution including value-added content and analytics, transparent execution, and dematerialized settlement, clearing, and depository functions. GATE's goal is to create the first global common marketplace or utility for illiquid securities that brings together all market participants through GATE Developing Markets (GDMs). GATE Technologies was founded in 2009 and is based in New York.

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