Code Red Appoints Global Sales Leadership; President and Head of Global Sales Ready for Their New Roles

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Code:Red Inc. (http://www.coderedinc.com) announced today that Scot E. McGregor has been appointed to the position of President, and Jaime J. Bean has been named Head of Global Sales.

Scot’s and Jaime’s appointments as President and Head of Global Sales accelerate Code:Red’s international expansion, broadening the scope of the firm’s business to include top global asset allocators and asset management firms.

“As asset allocators and asset managers recognize the value of research management systems, the additional level of review and scrutiny within the Code:Red RMS will contribute greatly to their alpha creation. I look forward to working closely with the best research management system team in the industry,” said Scot.

“Scot's near 20 years in the financial industry encompasses sales, trading, operations, prime brokerage and capital raising. His perspective has enabled him to manage and grow successful businesses throughout his career. Scot is viewed as a thought leader in the industry with long standing global client relationships,” said CEO and co-founder Tim Gavin.

Scot joins Code:Red from Solus Asset Management, following his tenure as Chief Marketing Officer for Hayman Advisors. He was instrumental in raising assets for both organizations. His financial industry experience began in 1995 at Goldman Sachs, where over the course of eight years he was charged with responsibilities ranging from trading to implementing e-commerce solutions to overseeing the middle markets business.

Scot then joined the prime brokerage team at Bank of America. Upon his promotion to Managing Director, his responsibilities grew to include oversight and management of sales, operations, customer service, and capital introduction in the Prime Brokerage department.

Scot holds an MBA from University of San Diego and a bachelor's degree in Applied Mathematics from University of California, San Diego.

"We have known Scot going back to his time at Goldman Sachs where he worked on the team facilitating a strategic investment in Eze Castle Software. He has always taken the role of player-coach, and we feel that his guidance and leadership will enable us to expand strategically,” said co-founder and CIO Dwight Wyatt.

Additionally, Jaime Bean is being promoted to Head of Global Sales. “Jaime has been at Code:Red for seven years and has been an integral part of the firm’s global growth. When evaluating our recently expanded client base in Europe, Middle East and Asia and our goal to expand our sales team regionally, we felt it was important to recognize Jaime’s sales management skills and formalize the sales team structure. We look forward to Jaime’s continued contribution in our rapid expansion,” added Gavin.

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Jaime Bean
Code Red Inc.
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