Our Experts
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Rich Hulit
- executive vice president
- SunGard’s brokerage and clearance business
- richard.hulit@sungard.com
Rich Hulit runs Professional Services, which leverages the experience and industry knowledge of SunGard’s brokerage and clearance business to help firms effectively manage resource constraints and business and technology change, identify areas of inefficiency and reduce costs, and fully understand the capabilities of their systems and infrastructure. Prior to that, he provided strategic direction and leadership for SunGard’s Stream GMI and Stream Octagon. Stream GMI and Stream Octagon are the market leading applications solutions for exchange traded and clearinghouse cleared derivatives processing and accounting. In this capacity he was responsible for sales, product strategy, development and delivery.
Mr. Hulit has 20+ years of management experience in the financial services industry. Prior to his experience at SunGard, he was the chief administrative officer for Prudential's exchange traded Futures, Foreign Exchange and Base and Precious Metals sales and trading businesses. His responsibilities included operations, systems application and development, technology, client service commodity finance, operational risk management and corporate governance. At Merrill Lynch, Mr. Hulit held various product and sales management roles in Futures, and started his career in Merrill’s Corporate Treasury, managing the internal banking and cash management consultancy group.
Commentary
Financial services firms need to actively find areas to increase efficiency and to reduce internal and external costs. They must also make the right strategic decisions in order to stay ahead of the competition and be successful. This includes managing challenges such as business process management (BPM), project management and strategic planning; on- and offshoring; implementation, support and testing; and tax compliance. As budgets and headcount continue to be under pressure, firms are looking at how they can access relevant experience and knowledge, obtain objective assessments, and implement best practices.
LinkedIn:
Rich Hulit on LinkedIn
Blog:
Rich Hulit’s blog posts