New York-based CircleBlack announced on Friday that it has appointed Alex Sauickie as its chief executive officer and president.
Sauickie’s appointment comes after the passing of John Michel, CircleBlack’s founder and former CEO.
“It’s an honor to join the CircleBlack team and be part of a company that is dramatically enhancing the way advisors interact with their investors,” said Alex Sauickie, CEO and president of CircleBlack, in released comments. “CircleBlack’s highly innovative technology solves a problem for RIAs and broker-dealers by bringing full transparency and dynamic performance reporting of their clients’ direct and held-away accounts, while also delivering a second-to-none user experience.”
Before joining CircleBlack, Sauickie was president and CEO of Scivantage, which was sold and integrated to Refinitiv in March 2020. Before Scievatage, he had fintech and technology stints at Billtrust, Unified, Albridge Solutions, The Island ECN, PayTrust and Merrill Lynch, where he worked with JohnMichel in the creation of the platform now known as MerrillEdge.
In June 2020, Long Arc Capital acquired a majority interest in CircleBlack, infusing growth capital into the company.
"CircleBlack has developed a powerful value proposition addressing an important gap in the market, based on transparency, data integration and aggregation, and ease of use and mplementation,” said Tobin Whamond, partner of Long Arc Capital, in released comments. “Alex is the right leader to take the torch lit by John Michel and lead the Company forward. Alex has a track record of successfully building fintech companies and creating substantial shareholder value on multiple occasions in his career.”