Fidelity’s Black joins Allvue as COO

Fidelity Information Systems’ James Black has joined Allvue Systems as chief operating officer.

He takes over from former COO Erik DiGiacomo, who has now left the firm.

Black spent the last four years as chief technology officer and chief information officer at Fidelity Information Systems’ merchant division, after it’s $10.4bn acquisition of payment company Worldpay. In this role, he led all aspects of technology and supported enterprise clients from implementation as well as provided ongoing support. Prior to this, he was the infrastructure CIO of tech company Interactive Data Corp, where he headed up the firm’s strategic transformation before it was sold to Intercontinental Exchange (ICE). Before this, Black held various senior tech roles at investment banks including Goldman Sachs where he was technology managing director for 15 years, Natwest where he served as market data team lead, and Nikko Europe, where he was a manager.

In his new role, Black will oversee all business operations including customer support, client relationship functions and project implementation. He will report directly to CEO Mark Heimbouch and work closely with him to expand operations across North America, Europe and Asia.

Heimbouch, who was appointed as Allvue’s CEO in November said, “James’ success leading global, large-scale teams, deploying processes, automation and analytics will make him an excellent addition to our team, and enable us to build upon Allvue’s dedication to a superior client experience.”

Black’s appointment follows Allvue’s announcements last year that Heimbouch was taking over from Rey Acosta, who assumed the role of executive chair of the board. Additionally, the firm had appointed three new team members to its leadership team in February 2020. Erik DiGiacomo was appointed COO, taking over from Kevin MacDonald who left the firm, Brian Seldess was named CFO and Joe Plavetic was hired as chief HR officer.