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55 Institutional Appoints New Chief Operating Officer

New York, July 18, 2017 (GLOBE NEWSWIRE) -- 55 Institutional is excited to announce the addition of Mr. James W. Paddon as Chief Operating Officer, effective July 17, 2017. 55 Institutional is a technology enabled, outsourced investment advisory firm offering solutions to asset managers, wealth management firms and advisory platforms. 55 Institutional’s offerings are built on investment science and leading-edge technology. Visit us on the web at https://55institutional.com/



Prior to joining 55 Institutional, Mr. Paddon served as Chief Financial Officer of Investec US and of Surge Trading Inc., and has spent his entire career as a financial and operating manager. Mr. Paddon served as Chief Financial Officer of Lava Trading Inc. from April 2000 until its sale to Citigroup in 2004; at Lava he led the effort to raise over $35 million of venture funding for Lava and was a negotiator and transactor on the company’s sale to Citigroup. Prior to Lava, Mr. Paddon served as a Managing Director for Global Bank Finance at Chase Manhattan (now JP Morgan Chase), where he held a variety of financial management and strategy positions in both the wholesale and retail areas of the bank. His roles there included management of merger integration, technology implementation and margin improvement projects.

Mr. Paddon earned an A.B. in Public and International Affairs from Princeton University and an MBA with distinction in Finance from New York University’s Stern School of Business.

Founder Dr. Vinay Nair on the appointment of James Paddon as COO of 55 Institutional:

“We are delighted to add James’s practiced hand to steer our growth phase here at 55 Institutional. The 55 Institutional team welcomes Mr. Paddon as we grow and expand our client base and partnerships.”

Attachments:

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/fd6a5121-f33f-425d-86ad-9618c5711c9c

Max Wolff 55 Institutional 212-259-4418 mwolff@55institutional.com

Source: 55 Institutional