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FD confirmed that the CEO, Brian Conlon, died on July 28, 2019.
Fintech First Derivatives plc (LON: FDP) has confirmed the death of its chief executive Brian Conlon on July 28, 2019.
The Group stated that it has launched a process for the appointment of a new Director General and provides an update on the progress made in this process in a timely manner. In the meantime, the non-executive chairman, Seamus Keating, has been appointed executive chairman with immediate effect.
Seamus Keating said, "Brian has built a world clbad company in First Derivatives. His dynamism, ambition and determination inspired all those who had the privilege of working with him. This news is a profound shock for all of us. We offer our sincere condolences to Brian's family and ask for confidentiality on their behalf in these difficult and difficult times. "
A number of media, including the BBC and Belfast Telegraph, announced today that Mr. Conlon, 53, had died.
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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