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Published on: 12/22/2004
Last Visited: 8/23/2009
12/22/04 | The First Marblehead Corporation Appoints Thomas Cesso as Chief Information Officer
First Marblehead - Investors - Press Releases and Events
The First Marblehead Corporation
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The First Marblehead Corporation Appoints Thomas Cesso as Chief Information Officer
BOSTON--(BUSINESS WIRE)--Dec. 22, 2004--The First Marblehead Corporation (NYSE: FMD) today announced that Thomas Cesso will join First Marblehead Corporation as Executive Vice President, Chief Information Officer, a newly created position, effective January 3, 2005.
Mr. Cesso, age 46, will lead the formation and execution of all Information Technology strategy and functions for First Marblehead, relying on his almost 2 decades of senior-level experience in IT planning, development, deployment, and operations.
He will be charged with ensuring that the IT infrastructure successfully enables First Marblehead's growth.
Most recently, Mr. Cesso served as Executive Vice President and CIO for Telerate, a global market data firm in New York, and Citigroup Asset Management where he was Managing Director and Global Head of Technology for worldwide IT.
While at Citigroup, he built global technology teams, and developed and deployed advanced investment management, sales, marketing, and operations platforms.
In addition, Mr. Cesso previously served as Vice President of IT Architecture for Fidelity Investments Systems Company, where he led planning and implementation of major technology efforts across several areas of business.
Prior to this role, he served as Fidelity Investments Systems' Vice President -- Relationship Manager and was responsible for overseeing the development and infrastructure services for retail marketing, distribution and operations.
Before that, he worked for Coopers & Lybrand, Ernst & Young, and Pittiglio, Rabin, Todd & McGrath from 1986-1996.
In each case, he provided information technology and process improvement consulting services to Fortune 1000 companies.
He began his career with Raytheon in 1981, where he was project manager involved in the construction of the Patriot Anti-Missile Defense System.
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Tom is more than capable of enhancing and fortifying our position in Information Technology, and we are glad to welcome him to our team."
Mr. Cesso said, "I am impressed by First Marblehead's strong commitment to the continual enhancement and augmentation of its IT platform.
Keeping a company's IT operation running smoothly is always a challenge given the evolving nature of technology.
That challenge is compounded by corporate expansion.
I look forward to joining First Marblehead and to keeping its IT platform robust and flexible to accommodate its growth."
Mr. Cesso holds a B.S, and Masters in Engineering from the College of Engineering at Boston University, and an MBA from the graduate school of Management at Boston University.
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