Sources: First Derivatives’ CEO Brian Conlon dies

Maria Nikolova

BBC reports First Derivatives’ CEO has died at the age of 53.

BBC has earlier today reported that Brian Conlon, the CEO of First Derivatives plc (LON:FDP), has died aged 53.

In May this year, First Derivatives said Conlon had been diagnosed with cancer. In the face of this health condition, Mr Conlon remained as Chief Executive Officer during his weekly treatment, which included chemotherapy. The treatment was expected to last a number of months, the company explained back in May.

In July this year, Mr Conlon sold 1.4 million shares in FD via an accelerated bookbuild. The shares, sold at a price of 3,060 pence each, were all sold to certain existing and new institutional investors.

Brian Conlon founded First Derivatives in 1996 and led its development. His background was in the capital markets sector where, following training with KPMG, he joined the risk management team in Morgan Stanley International, London. He then joined SunGard, a major global derivatives software house, as a capital markets consultant, during which time he worked with more than 60 financial institutions worldwide. He left in 1996 to set up First Derivatives.

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