Cordium, the provider of governance, risk and compliance services, has appointed Doug Morgan (pictured) as its chief executive.

Morgan will be based in the US before relocating full-time to the United Kingdom in the coming months. He brings a wealth of experience to the job, having been in financial services and technology for more than 20 years. He has moved to Cordium from SunGard, where he was responsible for the company's worldwide asset management back office servicing and accounting activities. These activities concentrated on investment accounting, mutual fund shareholder reporting, the servicing of investors and financial reporting. Morgan went to Yale and is a Master of Business Administration.

In the course of his career, Morgan has spanned the length and breadth of the asset management industry, working with global custodians, traditional asset managers, hedge funds, funds-of-funds and private equity firms. The rapidly-expanding firm of Cordium, which has conducted innumerable takeovers in recent years, sees him as a major keystone in its efforts to go to the next stage in providing software and consulting services worldwide.

In addition to his current responsibilities as CEO of Cordium US and of software, Bill Mulligan will assume the position of group president, thereby underlining the importance of the software business to Cordium’s growth. For this consultancy, among many others, IT is the great source of deliverance for beleagurered compliance officers.