WALTHAM, Mass. - SunGard Financial Systems has tapped a former BankAmerica Corp. executive to head its global systems division.
The systems vendor named Charles King, a former vice president at the West Coast banking company, to handle all the day-to-day operations and strategic planning for its securities and portfolio management products.
Mr. King had worked on global risk and trading systems at the Bank of America unit, where he oversaw development and installation of the bank's latest trading products.
He helped create application systems and hardware to support the bank's capital markets, foreign exchange, swaps, and derivatives trading departments. Mr. King was also said to have spearheaded BankAmerica's initiatives to develop systems and practices to protect the bank against exposure to trading risk.