Former Chairman of LIFFE Joins Majorband Board.Business Editors LONDON--(BUSINESS WIRE)--Jan. 24, 2002 Jack Wigglesworth, former Chairman of LIFFE LIFFE See: London International Financial Futures and Options Exchange LIFFE See London International Financial Futures and Options Exchange (LIFFE). , has been elected as a non-executive director A non-executive director (NED, also NXD) or outside director is a member of the board of directors of a company who does not form part of the executive management team. He or she is not an employee of the company or affiliated with it in any other way. the Board of Majorband Ltd., a company that develops IT business process strategies, software and improvements for financial and customer-related services functions in a wide range of organizations. Wigglesworth said, when confirming his interest in joining the Board, "Majorband is creating the future for the life & pensions industry with straight through processing In financial technology, the ability to process a stock transaction by computer from beginning to end without manual intervention at any of the stages. software solutions that drive out inefficiencies. Customers, employers and intermediaries will now be able to set-up and manage pension policies via the Internet." The proprietary software, called Pario, is an innovative solution that will allow customers to apply life and pension products online, select pension funds, change asset allocations, set-up and change contribution amounts, update personal details personal details npl (on form etc) → coordonnées fpl personal details person npl → Personalien pl personal details , view account valuations, and receive statements via email. Currently Chairman of both Cablenet, the e-commerce service provider An organization that provides any combination of consulting, software and computer systems for e-commerce Web sites. for the cable industry, and LITCOMP, a national supplier of medico-legal reports to solicitors and insurers, Wigglesworth served the London International Financial Futures financial futures Obligations to buy or sell particular positions in financial instruments. The features of financial futures are identical to those of any futures contract except that the asset for delivery is of a financial nature. & Options Exchange for 19 years beginning in 1980 when he was involved in setting up and developing LIFFE. Wigglesworth is also Chairman of Hackney's Education Action Zone. Instrumental in LIFFE's evolution, he was Chairman of the Exchange's Contracts Committee when he sanctioned design of the FTSE FTSE A company that specializes in index calculation. Although not part of a stock exchange, co-owners include the London Stock Exchange and the Financial Times. Notes: The FTSE is similar to Standard & Poor's in the United States. 100 futures contract Futures Contract An exchange traded agreement to buy or sell a particular type and grade of commodity for delivery at an agreed upon place and time in the future. Futures contracts are transferable between parties. that triggered creation of the UK's first real-time equity market index. After becoming a member of LIFFE's Board, his successive responsibilities included Chairman Membership & Rules Committee, Deputy Chairman, and Chairman. A member of the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. , Wigglesworth was associated earlier with ABN AMRO Futures Ltd. as Chairman, Citifutures Ltd. at Citibank, J. P. Morgan Futures, Lloyds Merchant Bank and W. Greenwell & Co. Wigglesworth received an MA from Jesus College at Oxford University and Hon D.Sc. from City University. Established in 2000 by a group of former employees at the international consulting firm Accenture, Majorband has experienced fast growth in helping financial and customer-related services organizations design innovative IT processes and build eCommerce solutions. For further information on how Majorband can help you achieve breakthrough results with business process and information technology please contact us using the details below. Majorband Limited 3rd Floor 180 Wardour Street London W1V 3AA Main: +44 (0)20 7964 9180 Fax: +44 (0)20 7494 7010 press@majorband.co.uk --30--es/ny* jgm
CONTACT: Majorband Limited
+44 (0)20 7964 9180
Fax: +44 (0)20 7494 7010
press@majorband.co.uk
KEYWORD: UNITED KINGDOM INTERNATIONAL EUROPE
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS E-COMMERCE NETWORKING
MANAGEMENT CHANGES
SOURCE: Majorband Limited
|
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion