Xtiva Hires VP Software Development

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The company continues its investment in infrastructure to support client growth

Xtiva Financial Systems, the leading provider of enterprise-wide business and technology solutions for the financial services industry, announced today that Michael T. Brown has been hired as Vice President of Software Development. Mr. Brown will be based out of the firm’s New York office.

Mr. Brown will be responsible for managing the implementation, execution, and delivery of all Xtiva Financial Systems’ propriety software developments. He will provide technical leadership in architecture, design, and development over all proprietary enterprise applications and end-to-end integrated software solutions. Mr. Brown brings with him to Xtiva over 13 years of experience in application and SaaS development, specializing in full SDLC, P&L and BPM/BPO. Prior to joining Xtiva, Mr. Brown provided business process improvement and technology strategy solutions for small and medium sized businesses, acted as an Operations Engineer for HGTV’s FrontDoor.com., and led core aspects of operations for Proximity Match Mobile as Director of Development & Operations.

“We are very excited to have Michael join our team,” said Thomas Moysak, Chief Executive Officer. “Michael has a lot of experience and will be a big asset for us as we enter what will be a tremendous phase of growth and transformation. He is a great asset and completes our executive team in time for the next generation of the company.” “Xtiva is facing some amazing opportunities and I am very excited to be apart of their team,” said Michael Brown. “I am confident we will far exceed our goals and expectations as we move forward.”

Xtiva provides the first industry-integrated approach to truly integrated compensation management, sales performance measurement, institutional client performance management and business policy management. Xtiva’s offering supports today’s needs for a managed solution in meeting a wide range of business, operations, finance, and technology 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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William Lieberman
Xtiva Financial Systems
(646) 747-4137
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