John Fontaine, executive vice president of Knight-Ridder Inc., has been elected to the company's board of directors. Patrick Tierney, a vice president of the company who was recently given oversight responsibility for Knight-Ridder Financial--KRF president Paul Tucker now reports to Tierney (IMD, June 19)--himself reports directly to Fontaine.

Meanwhile, at Knight-Ridder Financial, Jose Pecache, vice president, systems and development, has resigned. Pecache reported to KRF president Paul Tucker

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A tech revolution in an old-school industry: FX

FX is in a state of transition, as asset managers and financial firms explore modernizing their operating processes. But manual processes persist. MillTechFX’s Eric Huttman makes the case for doubling down on new technology and embracing automation to increase operational efficiency in FX.

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