Castine Consulting Hires CSA Industry Veteran08.09.2016
Castine- Castine Consulting, LLC, the number one developer of buy and sellside commission management systems and brokervoting solutions, announces the hiring of commission management industry veteran John McGough as Global Head of Business Development.
McGough will lead efforts to roll out Castine’s new product suite, RPA Centre, which enables asset managers to comply with Europe’s MiFID II delegated acts when paying for investment research.
Robin Hodgkins, President of Castine, said “we have had a great relationship with John for nearly a decade; his experience in Commission Management and deep relationships on both the buy and sell side will be invaluable to our organization as we strive to deliver state of the art commission management solutions to the global investment community.”
John has worked exclusively in the CSA space since 1997 and has led successful commission management teams for over 10 years. Castine plans to leverage John’s expertise and industry connections to add to its existing footprint in the US and London. Most importantly, John will help Castine’s client base understand and manage the impact of RPAs (aka “Research Payment Accounts”) on their business models.
Said Mr. McGough, “Regulatory change in Europe has clearly complicated matters for the global markets. I believe Castine is perfectly positioned to provide their expertise and industry leading technology to asset managers, hedge funds, and brokers, all of whom are preparing for January 3, 2018 when MiFID II becomes law.”
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He was formerly chairman and CEO of RJO & Associates, the independent futures brokerage and clearing firm.