Fidelity Investments Tech VP, Joseph McGrath, joins TrustDefender

Alex Zaharov-Reutt
Tuesday, 11 May 2010 00:44

Business IT - Security

Former tech veep of Fidelity Investments, and tech geek, Joseph McGrath, has joined TrustDefender's US operations to further the strategic initiative of defending trust online, worldwide.

TrustDefender, the revolutionary Australian transactional security company that has captured the attention of the world's major business and financial institutions with its unique security software, has announced a major coup, with the technology VP of Fidelity Investments joining its ranks.

With a strategic initiative to grow North American operations in full swing, TrustDefender has appointed the Boston-based former Fidelity Investments VP of Technology, Joseph McGrath to lead the US operations.

Billed as a 'leading financial industry technology expert', TrustDefender says that McGrath will 'bring a wealth of management skills and a hands-on approach to developing TrustDefender's technology team in the North American finance sector', with his primary objective being to develop a 'presence to meet the company's sales, marketing and project management requirements.'

McGrath will, according to TrustDefender, 'deliver an operational presence in the North American region to service the growing demands of financial institutions and Government agencies for real time, risk based security solutions, which integrate the customer experience with the enterprise and address the need to reduce online threats targeting the customer desktop. He will also be actively contributing to TrustDefender's global business development program.'

Ted Egan, CEO of TrustDefender said that: 'Joseph McGrath is one of the most highly regarded and reputable finance technology managers in the USA with real experience of the growing threats that we aim to mitigate. We are pleased he will be coming on-board to lead our growth plans in the region and he will be a powerful asset as we expand our operations across North America. He has a passion for identifying new leading security technologies and understands the call for our innovative solutions.'

TrustDefender says that its expansion into North America 'presents a market growth opportunity reaching 307 million people in the USA alone, with over 7,000 active credit unions featuring almost 90 million members and approximately $650 billion on deposit, while there are approximately 7900 Commercial Banks and Savings institutions with approximately US $8 - 9 trillion on deposit.'

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