Sources: Brian Conlon, CEO of First Derivatives, dies



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According to the BBC, the CEO of First Derivatives died at the age of 53.

The BBC announced today that Brian Conlon, CEO of First Derivatives plc (LON: FDP), has died at the age of 53.

In May of this year, First Derivatives stated that Conlon had been diagnosed with cancer. Faced with this state of health, Mr. Conlon remained Chief Executive Officer during his weekly treatment, which included chemotherapy. The treatment was expected to last several months, the company said in May.

In July of this year, Mr. Conlon sold 1.4 million shares of FD through an accelerated library. The shares, sold at a price of 3,060 pence each, were all sold to certain existing and new institutional investors.

Brian Conlon founded First Derivatives in 1996 and directed his development. He worked in the financial markets sector where, after training at KPMG, he joined Morgan Stanley International's risk management team in London. He then joined SunGard, a leading global derivatives software company, as a financial markets consultant, where he worked with more than 60 financial institutions around the world. He left in 1996 to create First Derivatives.

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