Xtiva Hires Technical Operations Executive

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The Company continues its investment in infrastructure to support client growth.

Xtiva Financial Systems, the leading provider of enterprise compensation solutions for the financial services industry, announced today that Robert Kenig has been appointed Senior Managing Director of Technical Operations. Mr. Kenig is based out of the firm’s New York office and reports to Xtiva’s Chief Executive Officer, Thomas Moysak.

Mr. Kenig is responsible for managing all Xtiva’s IT infrastructure and operational support functions including data center operations, telecommunications, technical support, customer provisioning, software implementation, data services, security, and strategy. He is responsible for ensuring Xtiva has an adaptive, service ready (secure, stable, scalable) technology infrastructure portfolio that serves and anticipates business needs. Mr. Kenig has more than 19 years of experience leading IT Infrastructure & Operations teams in highly regulated environments. Prior to joining Xtiva, he was Sr. Director IT for Teva Pharmaceuticals where he managed IT Infrastructure & Operations for the America’s and was responsible for the operational infrastructure that delivered over $15 billion in revenue. Previously, he spent 10 years as Director Technology Operations at Thomson Reuters.

“We are thrilled that Rob decided to join the team,” said Thomas Moysak, CEO. “Rob’s experience with enterprise customers not only enables improvements in our existing infrastructure, but also provides the foundation for our deployment strategy for a number of new products, product extensions and enhancements.We are lucky to have someone of his caliber and experience on the team.”

Xtiva provides the first industry-integrated approachto truly integrated compensation management, sales performance measurement, institutionalclient performance management and business policy management. Xtiva’s offering supports today’sneeds for a managed solution in meeting a wide range of business, operations, finance, andtechnology needs. Xtiva provides clients with the tools they need to drive their businesses forward by enabling clients to:

+    Improve the quality and focus of reporting across the enterprise
+    Reduce total cost of ownership of advanced enterprise reporting solutions
+    Manage revenue and expenses more effectively
+    Bridge gaps between regulatory and financial reporting

About Xtiva Financial Systems
Xtiva Financial Systems is a leading provider of hosted solutions for the brokerage industry. Founded in 1998 and based in New York City, Xtiva has developed state-of-the-art technologies that enable retail and institutional broker/dealers to streamline operations, from sales compensation and production reporting to supervision of advisor licensing and compliance issues. With over 90 clients and key industry alliances, Xtiva is the leading provider of sales compensation solutions to the brokerage industry. Xtiva’s clients include Ameriprise, AXA Advisors, Key Bank, MetLife, Mutual of Omaha Investor Services, New England Securities, RBC Wealth Management, Northern Trust, UBS, and Walnut Street Securities. For more information about Xtiva, visit http://www.xtiva.com.

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