Risk management systems developer Cats Software Inc. has hired G. Bradford Solso, a former Visa International executive, as its new chief financial officer.
Palo Alto, Calif.-based Cats said Mr. Solso, who joined the company Dec. 1, will direct the firm's treasury, investor relations, global administration, and financial and legal reporting.
Cats provides software for measuring risks in financial institutions' derivatives portfolios and other investment holdings. Its products are used by six of the world's top 10 banks, including Credit Suisse, Mitsubishi Bank, Standard Chartered Bank, and Tokai Bank.
At Visa, Mr. Solso was a senior vice president responsible for treasury functions. His responsibilities included overseeing foreign exchange risk management activities for the global bank card association, which does business in over 125 currencies.
Prior to his 13-year stint at Visa, Mr. Solso was senior auditor and computer audit specialist at KPMG Peat Marwick in San Francisco.
"Brad Solso's breadth of experience in finance, administration, and risk management fulfills all aspects of our wish list for credentials required to carry out this important senior management role," said Rod A. Beckstrom, Cats' chief executive officer.
"In addition to being a skilled financial professional, Brad has an impressive background in risk management, including operations and settlement risk as well as international currency and foreign exchange risk for an organization which processes billions in payments daily."
Mr. Beckstrom added that Mr. Solso's "close involvement working with the world's top-tier banks on settlement and technology projects gives him a unique perspective on the need and demands of this important segment of our client base."