US global satellite communications group KVH Industries has appointed Peter Rendall to serve as chief financial officer (CFO), effective 1 October, to succeed Patrick Spratt who is retiring but will continue to work with KVH through a short transition period and then as a consultant.
The group said that Rendall brings extensive financial and operational leadership experience to KVH. He began his career at PricewaterhouseCoopers (PwC) in London before moving to Massachusetts in 1995 to join IT consulting firm Logica as vice president of finance and operations. He then served as CFO at Elcom International, an international IT products and services business and software as a Service (SaaS) supply chain software division. He served as both CFO and chief executive officer (CEO) at Top Layer Security and, most recently, as consulting CFO to JobSmart Partners.
KVH is based in Middletown, Rhode Island, with facilities in Illinois, Denmark, Norway and Singapore.
The US money market fund reforms came into effect in 2016 and are already dramatically shaping US fund industry with investors flooding out of prime funds and into government securities. While the reforms are similar, they are not the same. GTNews interviews Yeng Bulter, global head of the cash business at State Street Global Advisors on the differences.
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